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Monday, January 23, 2012

General Economics

News                                                                                                                             
USA Today | Economists see growth slowing, recession risk falling
The economy will grow at an 2.2% annual rate the first half of 2012 after an estimated 3.1% gain in fourth-quarter gross domestic product, according to the median forecast of the 48 economists surveyed. The government reports on fourth-quarter GDP Friday.
Motley Fool | 3 Huge Recent Economic Developments You May Have Missed
Business news lately has been the same story over and over: The stock market is volatile, politicians hate each other, there aren't enough jobs, and Europe is a mess. But some really interesting developments have taken place recently, many of which haven't received enough attention.

Econ Comments & Analysis                                                                                            
Forbes | This Is America's Moment, If Washington Doesn't Blow It
The vast majority of Americans believe the country is heading in the wrong direction, and, according to a 2011 Pew Survey, close to a majority feel that China has already surpassed the U.S. as an economic power.
Washington Times | It’s the economy, stupid
It’s starting to feel a lot like 1992, and President Obama’s re-election team should be worried. At this point in President George H.W. Bush’s term, the president’s approval rating stood at 46 percent. According to Gallup, Mr. Obama’s is doing worse by 1 percent.
Motley fool | Here's Why American Manufacturing Will Make a Comeback
Boston Consulting Group recently put out a report outlining the future of manufacturing in the United States. Surprisingly, it leads me to believe we could be headed for a strong revival in this oft-downtrodden industry.

Blogs                                                                                                                             
Calculated Risk | Schedule for Week of Jan 22nd
The key U.S. economic report for the coming week is the Q4 advance GDP report to be released on Friday. Also New Home sales will be released on Thursday.
Coordination Problem | Myths About my Views on the Myth of the Gender Wage Gap
The myth is that women earn 75% of what men do because of labor market discrimination. What’s been interesting about the reaction to the argument there is that both “left libertarians” and “right libertarians” have criticized it. That reaction tends to be a sign that I probably got it pretty much correct!
Marginal Revolution | Why isn’t the iPhone made in America?
Another critical advantage for Apple was that China provided engineers at a scale the United States could not match. Apple’s executives had estimated that about 8,700 industrial engineers were needed to oversee and guide the 200,000 assembly-line workers eventually involved in manufacturing iPhones.
Calculated Risk | Unofficial Problem Bank list declines to 963 Institutions
With the FDIC back to closings and the OCC releasing its enforcement actions through mid-December 2011, the Unofficial Problem Bank List underwent several changes during the week.
The Volokh Conspiracy | The Lessons of the 1920–21 Depression
Our Great Recession ended 2½ years ago, according to the official cyclical timekeepers, but you wouldn’t know it by a glance at the news.