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Wednesday, July 25, 2012

General Economics

News                                                                                                                             
CNN Money | Britain's economy slumps for 3rd straight quarter
The British economy slumped for the third consecutive quarter, adding to the economic concern throughout Europe, with some economists calling this the most prolonged double-dip recession in the United Kingdom since the 1950s.
WSJ | Downturn Deepens in Euro-Zone Economy
Business activity in the euro zone contracted for the sixth straight month in July, a closely watched survey showed, with powerhouse Germany weakening and the government in Greece now predicting an even deeper economic recession for this year.
Politico | Hill braces for lame-duck frenzy
Tax rates, spending cuts and the deficit will dominate the Capitol this fall, but lawmakers and lobbyists are quietly maneuvering to use the lame-duck session to clean up a whole mess of other issues that Congress has been unable — or unwilling — to handle.

Econ Comments & Analysis                                                                                            
Smart Money | Businessmen Versus Bureaucrats
There are generally just two ways people deal with each other: with reason or with force.

Blogs                                                                                                                             
Political Calculations | The Regulation of the American People
With the role of red bureaucratic tape in hampering small business just in the news, we thought we'd take a historic look at how many pages of new rules and regulations the federal government spits out every year.
Calculated Risk | MBA: Refinance Activity Highest since 2009
The Refinance Index increased 2 percent from the previous week to its highest level since April 19, 2009. The seasonally adjusted Purchase Index decreased 3 percent from one week earlier to its lowest level since June 22, 2012.