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Millennials At Work

Millennials At Work | Economy IA | Scoop.it
What's the Big Idea?
What does the millennial generation want? Today's recent graduates may still be finding themselves, but the culture has plenty of labels ready. Are they confident or anxious?
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Is Banking Unusually Corrupt, and If So, Why? Posner

Is Banking Unusually Corrupt, and If So, Why? Posner | Economy IA | Scoop.it
One has the impression—no more than that, but it is difficult even to imagine what “evidence” is obtainable that could confirm or refute the impression—that imprudent, unethical, unlawful, and downright criminal behavior is more common in large...
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And Ezra Klein Takes Mitt Romney--and His Validating Economic Advisors Hassett, Hubbard, Mankiw, and Taylor--to School...

And Ezra Klein Takes Mitt Romney--and His Validating Economic Advisors Hassett, Hubbard, Mankiw, and Taylor--to School... | Economy IA | Scoop.it
Ezra Klein:
Romney tax plan on table. Debt collapses table.: Romney is afraid to put his plan on the table. He has promised to reduce the deficit, but refused to identify the spending he would cut.
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Sunday Reads

Sunday Reads | Economy IA | Scoop.it
POSTS • Quirks of Bond Indexing (WSJ) • Clock Is Ticking on Crisis Charges (WSJ) • Housing Passes a Milestone (WSJ) ~~~ ~~~~~~~~~~ • Art Over Biology (TNR) • Why climate change doesn’t spark moral outrage, and how it could (Grist) • Education...
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Fact-Free Jobs Fridays

If it’s a jobs Friday, it must be time for some fact-free spin, probably from both sides. But the right seems to take things just a bit further than the left.
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Wait, the U.S. economy actually lost 1.2 million jobs in July?

Wait, the U.S. economy actually lost 1.2 million jobs in July? | Economy IA | Scoop.it
The U.S. economy lost 1.2 million jobs between June and July. But that’s not how it got reported. When the Bureau of Labor Statistics (BLS) released its jobs figures for July, it said the economy gained 163,000 jobs.
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Misplacing the Blame for Budget Problems

Misplacing the Blame for Budget Problems | Economy IA | Scoop.it
Simon Wren-Lewis:
Watching the ECB play chess: ...I cannot help reflecting on is the intellectual weakness of the position adopted by Draghi’s opponents.
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'Jobless Generation'

'Jobless Generation' | Economy IA | Scoop.it
Policymakers need to do more about the unemployment problem: Jobless generation puts brakes on US, by Shannon Bond, FT: ...The share of American 18- to 24-year-olds who were employed fell to 54 per cent last year, the lowest since the labor...
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Fed Watch: First Policy Disappointment of the Week

Fed Watch: First Policy Disappointment of the Week | Economy IA | Scoop.it
Tim Duy:
First Policy Disappointment of the Week, by Tim Duy: The Federal Reserve offered no additional easing at the conclusion of their two-day meeting, disappointing market participants who increasingly came to expect fresh monetary action.
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Links for 08-02-2012

Links for 08-02-2012 | Economy IA | Scoop.it
Dooh Nibor - Paul Krugman The Fed stands pat, at least for now - Econbrowser Rich, poor increasingly likely to live apart - Washington Post Japan Stands Up - iMFdirect The "Pain Funnel" - Rortybomb More DeMarco - Paul Krugman Let’s Write This...
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The housing market: Pulling its weight at last

The housing market: Pulling its weight at last | Economy IA | Scoop.it
STEVE SCHMITZ surveys the street outside his newly bought four-bedroom house and enthuses over what he sees. Stucco houses with tidy gardens, just like his, line the road. A minivan is parked outside one, an SUV sits in the driveway of another.
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Lexington: Meddling for morality

Lexington: Meddling for morality | Economy IA | Scoop.it
FOR a party that likes to preach about the evils of an overweening federal government and the virtues of deferring authority to states, localities and individuals, it was a peculiar stance.
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Is Banking Unusually Corrupt? Becker

Financial intermediation was formerly dominated by commercial banks that borrowed short term and lent long term to local and sometimes national businesses.
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The Path Not Taken ... Thus Far: Debt Deleveraging by Inflation

The Path Not Taken ... Thus Far: Debt Deleveraging by Inflation | Economy IA | Scoop.it
From the latest issue of the Milken Institute Review, “Trends: Better Living Through Inflation” (co-authored with Jeffry Frieden): If the aftermath of the Great Recession doesn’t feel like the recovery from a normal cyclical downturn, that’s...
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'A Year After S&P's Downgrade, Treasuries Trade Lower'

'A Year After S&P's Downgrade, Treasuries Trade Lower' | Economy IA | Scoop.it
Mike Konczal says financial markets have rightfully ignored the political theater posing as analysis involved in the S&P downgrade of US bonds a year ago, a downgrade that, to the extent that it mattered at all, "collapsed demand" and hurt the...
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Glass Steagall Repeal Made Crisis Worse

Glass Steagall Repeal Made Crisis Worse | Economy IA | Scoop.it
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My Sunday Washington Post Business Section column is out. This morning, we push back on the meme that the repeal of Glass Steagall was not relevant to the overall credit crisis.
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Is this as good as it gets?

Is this as good as it gets? | Economy IA | Scoop.it
Several other new indicators confirm the message from the Q2 GDP report: the U.S. economy continues to grow, but at a discouragingly slow rate.
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So Much Depends On a PPP Adjustment

So Much Depends On a PPP Adjustment | Economy IA | Scoop.it
There's been an interesting debate happening over the weekend on Twitter between Ryan Avent and Noah Smith on the question of what happened to Japan. Smith's view is nothing much all that interesting.
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More on manufacturing convergence

More on manufacturing convergence | Economy IA | Scoop.it
I have blogged before about a rather surprising result (to me at least) regarding productivity convergence in manufacturing.  Despite the lack of convergence among economies as a whole, there is apparently quite strong convergence within...
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The Fed Leaves Policy Unchanged

The Fed Leaves Policy Unchanged | Economy IA | Scoop.it
Here's my reaction to the Fed's decision to leave policy unchanged:
The Fed is worried, but leaves policy on hold
Very disappointing.
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Fed Watch: Manufacturing Update

Fed Watch: Manufacturing Update | Economy IA | Scoop.it
One more from Tim Duy: Manufacturing Update, by Tim Duy: This morning's ISM manufacturing report was a disappointment with the sector posting a second consecutive modest contraction: The new orders index stabilized: but the weight of the global...
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The Federal Housing Administration: When loans turn sour

The Federal Housing Administration: When loans turn sour | Economy IA | Scoop.it
The FHA still helps out

AFTER the Treasury put up $190 billion to save Fannie Mae and Freddie Mac from collapse in 2008, it was widely thought to be finished with housing bail-outs.
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Infrastructure in California: Moonbeam dreams

Infrastructure in California: Moonbeam dreams | Economy IA | Scoop.it
“WE MUST dare to dream, to do and to build!” As his words to the 1960 Democratic convention suggest, Pat Brown was a firm believer in the power of government to get things done.
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