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Tuesday, May 22, 2012

General Economics

News                                                                                                                             
WSJ | OECD Slashes Euro-Zone Growth Forecast
The Organization for Economic Cooperation and Development Tuesday slashed its forecasts for growth across the euro zone for this year and next, and warned that the area's debt crisis could pull it into a vicious downward spiral without the right policy action.
CNN Money | Greece: Top 3 risks facing U.S.
It's not Greece that poses a problem for the United States. It's the contagion that would spread if Greece exits the eurozone that would pose the greatest risks.
WSJ | Once Made in China: Jobs Trickle Back to U.S. Plants
When Bill Good was a student at Auburn University in Alabama in the 1980s, he worked at a company producing American-made fitness equipment—a business eventually wiped out by low-cost imports from Asia.

Econ Comments & Analysis                                                                                            
AEI | FHA Watch, May 2012
Spotlight on the Government’s Growing Monopoly of Consumer Lending and Private Debt
WSJ | The Market-Driven Energy Revolution
Those who doubt that market forces still have the power to transform the world aren't paying attention to America's revitalized energy sector.
Politico | Startup Act’s economic benefits
Inside the Beltway, conventional wisdom says that Congress does little during an election year. But Americans are eager to see Congress address our country’s challenges — most important, the economy and job creation.
NBER | The Rise of Middle Kingdoms: Emerging Economies in Global Trade
Led by China and India, the share of developing economies in global exports more than doubled between 1994 and 2008. One feature of new trade patterns is greater South-South trade.