CLSG Economics: Macroeconomics
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What to Watch for From Fed Meeting - Wall Street Journal (blog)

What to Watch for From Fed Meeting - Wall Street Journal (blog) | CLSG Economics: Macroeconomics | Scoop.it
Washington Post What to Watch for From Fed Meeting Wall Street Journal (blog) December's disappointing jobs numbers weren't enough to darken their outlook for stronger economic growth, officials indicated in recent public remarks and interviews.
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George Osborne's economic policy: more poverty, worse public services

George Osborne's economic policy: more poverty, worse public services | CLSG Economics: Macroeconomics | Scoop.it
Larry Elliott: The chancellor is shrinking the state to pre-1948 levels. He has other options but this is not just about the money (#notw #hacking George Osborne's economic policy: more poverty, worse public services | ...
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Olympics help boost 'Brand Britain' - Telegraph

Olympics help boost 'Brand Britain' - Telegraph | CLSG Economics: Macroeconomics | Scoop.it
Britain has overtaken Japan as the world's fourth most valuable nation, says report (#London 2012 Good News: London's Olympic Success Helped Boost 'Brand Britain' http://t.co/YlKL3fU3fD)...
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Required Reading: The Economic Report of the President | Brook Wealth Management, LLC

Required Reading: The Economic Report of the President | Brook Wealth Management, LLC | CLSG Economics: Macroeconomics | Scoop.it
The Economic Report of the President can help identify the forces driving—or dragging—the economy. (Every year since 1947, the U.S. President pens an economics textbook.
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8 Tax Breaks That Cost Uncle Sam Big Money

8 Tax Breaks That Cost Uncle Sam Big Money | CLSG Economics: Macroeconomics | Scoop.it
Here's how much Uncle Sam is expected to lose under the current tax system on your favorite tax breaks.
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Job market shrugs off government shutdown - CBS Moneywatch

Job market shrugs off government shutdown - CBS Moneywatch | CLSG Economics: Macroeconomics | Scoop.it
New York Times Job market shrugs off government shutdown CBS Moneywatch Ian Shepherdson, chief economist with Pantheon Macroeconomics, wrote in a note to clients before the latest jobs data were released that "consumption is too weak to support...
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Those Depressing Germans

Those Depressing Germans | CLSG Economics: Macroeconomics | Scoop.it
They are beggaring their neighbors, and the world, by running big trade surpluses.
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UK Construction Unexpectedly Strengthens on Hom...

UK Construction Unexpectedly Strengthens on Hom... | CLSG Economics: Macroeconomics | Scoop.it
The Guardian UK Construction Unexpectedly Strengthens on Homebuilding Bloomberg U.K. construction unexpectedly accelerated in October to the fastest pace in six years, led by homebuilding.
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Fallacies of Immaculate Causation

Fallacies of Immaculate Causation | CLSG Economics: Macroeconomics | Scoop.it
Accounting identities don’t tell you anything about causation.

Via Neil Codd
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Neil Codd's curator insight, October 16, 2013 12:33 PM

Just because S=I does not mean necessarily that efforts to increase S will result in I increases.  Maybe in reality it is efforts to change I that lead to changes in S?  Maybe efforts to increase S won't result in increases in S? Paradox of thrift, fallacies of composition etc...all ideas discussed with year 12 this week.  Perhaps a bit too early in their Economics careers but they seemed interested!

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Tallying the Economic Toll of the Shutdown and Default Threat - Wall Street Journal (blog)

Tallying the Economic Toll of the Shutdown and Default Threat - Wall Street Journal (blog) | CLSG Economics: Macroeconomics | Scoop.it
Newsweek Tallying the Economic Toll of the Shutdown and Default Threat Wall Street Journal (blog) The worst-case scenario in the latest budget brawl — a catastrophic debt default — was averted. But nobody should be celebrating.
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Three Budget Battles, Three Different Economic Risks - Wall Street Journal (blog)

Three Budget Battles, Three Different Economic Risks - Wall Street Journal (blog) | CLSG Economics: Macroeconomics | Scoop.it
Three Budget Battles, Three Different Economic Risks Wall Street Journal (blog) The latest budget fight in Washington is really three different conflicts coming together: a potential government shutdown, a default risk tied to a failure to raise...
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Can Math Predict the Rise of Empires?

Can Math Predict the Rise of Empires? | CLSG Economics: Macroeconomics | Scoop.it
Sergey Gavrilets is in the empire business, specifically figuring out how, when, and where civilizations grow. Building a computer to recreate the age of empires, a team of researchers turns history into a math problem.
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Lucy Balazs's comment, September 26, 2013 6:57 PM
Snap Gunay!
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Economy: UK Jobless Rate Falls To 7.7%

Economy: UK Jobless Rate Falls To 7.7% | CLSG Economics: Macroeconomics | Scoop.it
The drop moves the country closer to the prospect of a rise in the base rate of interest based on the Bank of England's guidance.
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The countries that could become economic superpowers

The countries that could become economic superpowers | CLSG Economics: Macroeconomics | Scoop.it
The countries that are traditionally the world’s richest power brokers could be about to be usurped by a new economic grouping of nations. But which one of these countries will end up MINT-ed? (The next #Superpowers?
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MPs face fury as they get 11% rise

MPs face fury as they get 11% rise | CLSG Economics: Macroeconomics | Scoop.it
The Commons pay watchdog is expected to cause public outrage by pressing ahead with an increase in MPs’ salaries from £66,396 to £74,000, which David Cameron previously described as ‘unthinkable’.
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Autumn Statement 2013: George Osborne must never forget he is the guardian of our taxes, not their rightful owner - Telegraph

Autumn Statement 2013: George Osborne must never forget he is the guardian of our taxes, not their rightful owner - Telegraph | CLSG Economics: Macroeconomics | Scoop.it
At this week's Autumn Statement, Chancellor George Osborne must make it clear that he sees high taxes as a temporary, necessary evil but then bring them down
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Ukraine schedules no confidence vote as protests continue

Ukraine schedules no confidence vote as protests continue | CLSG Economics: Macroeconomics | Scoop.it
Ukraine's parliament scheduled a no-confidence vote in the government for Tuesday as thousands gathered for a 12th day of protests against President Viktor Yanukovych's decision not to sign a landmark trade deal with the European Union.
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The UK's widening trade gap is worrying – but hardly a shock

The UK's widening trade gap is worrying – but hardly a shock | CLSG Economics: Macroeconomics | Scoop.it
In the past, a 25% depreciation in the pound would have led to a narrower trade balance – that hasn't happened this time (The UK's widening trade gap is worrying – but hardly a shock | Larry Elliott http://t.co/n5z2E3ee0f...
Gunay Latifova's insight:
This is very similar to what we did for our last piece of homework about aggregate demand
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China data adds to recovery hopes

China data adds to recovery hopes | CLSG Economics: Macroeconomics | Scoop.it
China's exports and imports rise in October, the latest in a series of figures indicating a recovery in its economy.
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Dubai economy on course to grow at fastest rate in six years | The National

Dubai economy on course to grow at fastest rate in six years | The National | CLSG Economics: Macroeconomics | Scoop.it
Dubai’s economy is on course to grow at its fastest rate in six years, underpinned by strength in trade, tourism and manufacturing.
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The Effect of Income Taxes on Economic Growth

What effect do income taxes have on economic growth? Will lower income tax rates lead to higher growth, or will they just line the pockets of the rich? (Income taxes greatly affect the flow of the economy.
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Estimate: The Shutdown Caused $24 Billion in Damage to the Economy - Center for Effective Government

Estimate: The Shutdown Caused $24 Billion in Damage to the Economy - Center for Effective Government | CLSG Economics: Macroeconomics | Scoop.it
Estimate: The Shutdown Caused $24 Billion in Damage to the Economy Center for Effective Government In total, the fiscal path the U.S.
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Dirty Ray and the Boys's curator insight, October 22, 2013 8:52 PM

The two-and-a-half week government shutdown essentially has harmed the U.S. economy because of major costs such as revenue from national parks, money lost in travel spending, the cost of governement services being temporarily closed, and $217 million per day in lost federal and contractor wages in the Washington D.C. alone.  But that isn't even the worst.  The estimated annual growth rate for the U.S. economy was supposed to be 3% in September but has now dropped to 2%.  Fiscal crises have also hurt the economy over the past decade and an estimated $450 billion in lost economic output and 2.1 million jobs have resulted in bad decision-making and a cutback in discretionary spending.

 

*Daniella Feijoo*

Louis Armstrong's curator insight, October 22, 2013 10:11 PM

Leo L.

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Did the Gold Standard Work? Economics Before and After Fiat Money

Did the Gold Standard Work? Economics Before and After Fiat Money | CLSG Economics: Macroeconomics | Scoop.it
Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British...
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US to reach debt limit by 17 October

US to reach debt limit by 17 October | CLSG Economics: Macroeconomics | Scoop.it
The US government will reach its debt limit by 17 October unless Congress acts soon, Treasury Secretary Jack Lew warns.
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HS2 Rail Link 'Will Boost Economy By £15bn'

HS2 Rail Link 'Will Boost Economy By £15bn' | CLSG Economics: Macroeconomics | Scoop.it
The Transport Secretary highlights new analysis as he launches the Government's fightback against criticism of the project.
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Neil Codd's comment, September 12, 2013 5:05 PM
This is cost benefit analysis done more carefully than the one we did in class for whether to go to uni or not!