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Friday, August 10, 2012

Budget

News                                                                                                                             
CNBC | Clouds Gather Over Spain's Rajoy as EU Bailout Nears
Spanish Prime Minister Mariano Rajoy faces a cloudy return from his short summer break as his expected request for European aid in September will spur protests on the street and deepen cracks emerging in his conservative People's Party.

Econ Comments & Analysis                                                                                            
NY Times | How to Make Congress Do Its Job: No Budget, No Pay
Gail Collins writes, “You are probably wondering what your elected officials have been up to.” If their legislative record is any indication, not much.

Blogs                                                                                                                             
Think Markets | Student Debt Bubble Side Effect
Gore Vidal died a few days ago. He was a remarkably erudite author, as any reader of his marvelous historical novels – Burr and Lincoln are just a sample – notices.  He never went to college.  Born in 1925, he joined the army at age 17 and published his first novel before age 21. Having mostly detested the high schools he was sent to, he had no desire for further schooling. But he taught himself intensively through much of his life.