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Economics

International trade: Buy power, sell ideas

Tuesday, July 10, 2012
Category: Economics

From www.economist.com

The first myth (some are more mythical that others, but it’s a good theme for a paper) is that advanced economies are losing out to emerging markets, so that trade deficits are ballooning. That’s not the case, as the chart below shows.

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Why is 2008 the worst year for banking crises?

Thursday, July 5, 2012
Category: Economics

From www.postlibertarian.com

The last thing our economy needs right now is irrational fear about sections of the calendar.

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What America Spends On Booze

Wednesday, July 4, 2012
Category: Economics

From www.npr.org

Out of every $100 American consumers spend, about $1 goes to alcohol. That hasn′t changed much over the past 30 years. But where we spend our money on alcohol has changed quite a bit. We spend a bigger chunk of our booze money in bars and restaurants.

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Debt Most Deadly: Recession and Austerity Fuel Suicide in Italy

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Saturday, June 30, 2012
Category: Economics

From www.thedailybeast.com

Across the southern countries, especially, suicide has become the only way out for many people who can no longer support their families or pay their employees. Most recent suicide victims are self-employed craftsmen and entrepreneurs like Arpino, or retirees like Dimitris Christoulas, whose monthly pension was slashed in half in Greece after harsh austerity cuts.

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What’s Driving U.S. Exports?

Thursday, June 28, 2012
Category: Economics

From panjiva.com

In short? Airplane parts, oil and new vehicles.

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There is no such thing as “public opinion”

Thursday, June 28, 2012
Category: Economics

From www.themoneyillusion.com

In polls, Americans have clearly supported higher taxes on the rich and a much more punitive approach to banker compensation. That’s one way of asking the question—should the filthy rich and evil bankers pay more? But what if you ask the public what they consider to be the appropriate top income tax rate? Three-quarters of likely voters believe the nation’s top earners should pay lower, not higher, tax rates, according to a new poll for The Hill.

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For Rescue Line, Cyprus Prefers Loan From Russia

Thursday, June 28, 2012
Category: Economics

From www.nytimes.com

Officials say they hope to negotiate securing a new loan from Moscow as early as this week. Analysts say it could be as high as 5 billion euros. A loan from Moscow is the favored option, Cyprus officials say, because it would come with fewer conditions than a European Union bailout and help ensure that Cyprus’s 10 percent corporate tax rate — the lowest in the Union and the main draw for the estimated 50,000 Russian-speakers in Cyprus — remains unchanged.

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What America Spends On Groceries

Wednesday, June 27, 2012
Category: Economics

From www.npr.org

"We′ve seen major restructuring in poultry, pork and beef industries that has allowed efficiencies and brought down the cost," Walter Falcon, a Stanford economist who′s an expert on food, said.

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Lack of trust is one reason why macro policy is underperforming

Monday, June 25, 2012
Category: Economics

From marginalrevolution.com

Think of hiring as a business investment, and that investment often requires: 1. A not too high risk premium 2. Consensus within organizations, and thus trust within organizations 3. Commitments from banks that they will provide liquidity when needed and not flinch in light of pressures to cut their balance sheets 4.

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The History Behind Berlin’s Cheap Rents

Monday, June 25, 2012
Category: Economics

From americancity.org

As soon as one begins trying to understand why rents are currently rising so sharply in Berlin, there’s one question that immediately and unavoidably comes to mind: Why have the rents historically been so low in the first place? Consider, for instance, that the average rent in London recently broke £1,000 (over €1,200) per month, or that a studio apartment without a doorman in Manhattan fetches an average $2,200 per month (€1,697) and a one-bedroom just short of $3,000 (€2,315).

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