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Friday, January 6, 2012

General Economics

News                                                                                                                             
Market Watch | Consumer board begins oversight of payday lenders
CFPB chief also to scrutinize student and local mortgage lenders.
Bloomberg | Confidence in Euro Region at Two-Year Low as German Orders Slide: Economy
European confidence in the economic outlook fell to the lowest in more than two years and German factory orders plunged as the euro area’s leaders struggled to contain a worsening fiscal crisis and global demand weakened.
National Journal | Five Breaks the U.S. Economy Needs (And Why We Might Get Them)
Hoping for a brighter 2012, economically, in America? You’ll need several big things to break your way. Great news – and, yes, we’re playing optimist here – it’s quite possible they all could. Here are the five breaks the U.S. economy needs this year.

Econ Comments                                                                                                             
AEI | Gov. Walker: Controversial reforms have protected the middle class
Collective bargaining in the public sector is not a right; it's an expensive entitlement.
Washington Times | EDITORIAL: Moving America toward Europe’s excess
Transportation policies are increasing government dependency.
Fox Business | Data Suggests Mild Recession in the Eurozone
The euro zone's economy deepened its downturn at the end of 2011 as retail sales fell and sentiment soured, but the first improvement in the business climate in 10 months offered hope that an expected recession may be mild.
Washington Times | MILLOY: EPA’s statistics not science, but nonsense
Next to China’s, agency’s air quality numbers don’t add up.
NY Times | Manufacturing Is Surprising Bright Spot in U.S. Economy
For the first time in many years, manufacturing stands out as an area of strength in the American economy.
AEI | Don’t downplay likely fallout after Greek exit from euro
One has to reckon that Greece’s exit from the euro would lead to real contagion for the rest of the European periphery and that could precipitate a European banking crisis.

Blogs                                                                                                                             
Econlog | Francis Fukuyama on Public Administration
So a key element in improving public administration is getting public officials to understand the difference between making a pronouncement (or passing a law or writing a regulation) and achieving results.
Café Hayek | The art of economics
It has become acceptable, in casual conversation, to say that markets don’t work. The demise of Lehman Brothers and the subsequent swoon of the global economy are often cited as evidence.