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Wednesday, August 22, 2012

Budget

News                                                                                                                             
Market Watch | Can China’s stimulus plans really help?
Plans by local Chinese governments to spend trillions of yuan on new stimulus projects has ignited debate among economists over whether the schemes will really help the economy.
Bloomberg | Spain Deficit Goals at Risk as Cuts Consensus Fades: Euro Credit
Quarrels over who bears the brunt of cuts worth more than 10 percent of Spain’s annual gross domestic product threaten Prime Minister Mariano Rajoy’s plan to tackle the euro area’s third-largest deficit as a second bailout looms.

Econ Comments & Analysis                                                                                            
WSJ | Another California Brainstorm
Let's create one more pension scheme the state can't afford.

Blogs                                                                                                                             
WSJ: Real Time Economics | Cities Have Long Been Skeptical of Economic Development Spending
But it seems cities and states have always had a healthy skepticism of using tax dollars to lure industry from elsewhere.