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Friday, May 6, 2011

General Economics

News                                                                                                                             
Bloomberg | Senate Republicans Plan to Block Consumer Bureau Nominee
U.S. Senate Republicans told President Barack Obama they will block any nominee to lead the Consumer Financial Protection Bureau unless Democrats agree to change the agency’s structure and funding.
Washington Times | FCC chief, GOP spar on ‘net neutrality’
Web-traffic rules called a federal power grab.

Econ Comments                                                                                                             
AEI | Social Security Benefits in Context
The question is: To which countries do we look for context?
NRO | Amtrak: 40 Years, $40 Billion
For National Train Day, let’s look at the company’s financial failures.

Blogs                                                                                                                             
The Economist: Daily chart | Growing pains
ON MAY 3rd, the United Nations produced its two-yearly update of the world’s population, which includes projections. The numbers show small tweaks since 2008.
Cato@Liberty | Are Higher House Prices Better for the Real Estate Industry?
But if the price of a good increases, especially relative to income, it can increasingly become unaffordable, with the result that few sales take place. No sales, no commission income.

Reports                                                                                                                         
Heritage Foundation | Does Advocating Limited Government Mean Abandoning the Poor?
Government anti-poverty programs share the flawed assumption that poverty in America is primarily a material problem that can be solved by increased welfare and entitlement spending.
JEC | Japan after the Earthquake and the Tsunami
Disasters often give rise to fears of economic paralysis and misplaced blame, and so it is with the March 11 earthquake and tsunami in Japan.
Mercatus Center | Canada's Reversed Fiscal Crisis
In the mid-1990s, Canada’s Liberal Party was in charge of the federal government and set out on a determined course to cut Canada’s federal deficit and to reduce the federal debt as a percent of the economy’s Gross Domestic Product (GDP).