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The Culture That Is Russia
Found on Free Market Mojo on Wed 8th Sep 10
Speaking as the Russian government announces plan to raise duty on alcohol and cigarettes, Alexei Kudrin said that by smoking a pack, you are giving more to help solve social problems such as boosting demographics, developing other social services and upholding
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The case against Mr Osborne's austerity
Found on Contrarian Musings on Wed 8th Sep 10
Spending cuts will be this government's "poll tax", according to the TUC chief Brendan Barber in an interview with the FT [registration required].Yesterday I laid out George Osborne's best arguments for pressing ahead with the steepest cuts in public spending
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Welcome to economics, all you students (and aid workers)
Found on Aid Watch on Wed 8th Sep 10
Today, for the first time in my professional career I taught Principles of Economics. I’ll be teaching this all semester long and giving occasionalreports from the classroom.The officially required duty of allPrinciples instructors is to first define
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Larry White on the German Economic Miracle
Found on Cafe Hayek on Wed 8th Sep 10
My GMU Econ colleague, the great monetary theorist and historian Larry White, has this splendid op-ed in today’s Wall Street Journal. In it, Larry explains that the post-WWII “German economic miracle” resulted from economic liberalization
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shortorlong: over-55s with no pension, no savings, just massive debts http://bit.ly/9aMFaf#ixzz0yvmfQbvJ
Found on Twitter / shortorlong on Wed 8th Sep 10
shortorlong: over-55s with no pension, no savings, just massive debts http://bit.ly/9aMFaf#ixzz0yvmfQbvJ
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shortorlong: The 350k laptop http://www.dailymail.co.uk/news/article-1309834/The-350k-laptop-Schools-inspector-sues-Ofsted-burns-cottage.html?ITO=1490
Found on Twitter / shortorlong on Wed 8th Sep 10
shortorlong: The 350k laptop http://www.dailymail.co.uk/news/article-1309834/The-350k-laptop-Schools-inspector-sues-Ofsted-burns-cottage.html?ITO=1490
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MBA: Mortgage Purchase Activity increases slightly
Found on Calculated Risk on Wed 8th Sep 10
The MBA reports: Mortgage Purchase Applications Up, Refinance Applications Fall Slightly in Latest MBA Weekly Survey The Refinance Index decreased 3.1 percent from the previous week. The seasonally adjusted Purchase Index increased 6.3 percent from one week
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Stocks fall as European yield spreads widen
Found on The Big Picture on Wed 8th Sep 10
With the Bank of Japan and the Reserve Bank of Australia leaving interest rates unchanged on Tuesday, the focus in markets shifted back to Europe.From Bloomberg:Stocks slid, while Greek, Portuguese and Irish bonds tumbled, gold rose to a record and the yen
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The August Employment Report
Found on Calculated Risk on Wed 8th Sep 10
The latest from the BLS on the employment situation is more of the same. There was essentially no net job growth -- a decline of 54,000 consisting of a fall in government employment as Census workers finished up that was not quite offset by a rise in
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Biz journalism funded by shorting no worse than other types
Found on Talking Biz News on Wed 8th Sep 10
Felix Salmon of Reuters blogs about the recent American Journalism Review article questioning the ethics of business journalism funded by shortselling.Salmon writes, “The fact is that shorts, much more than longs, have every incentive to be absolutely
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