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Thursday, August 30, 2012

Budget

News                                                                                                                             
WSJ | Greece Makes Late Push on Cuts
Greece's political leaders said that despite disagreements over the targets of spending cuts, they are confident they can agree on an austerity plan in time for the arrival next week of a team of inspectors from international creditors.
Bloomberg | Wen Tells Merkel Spain, Italy, Greece Need More Reforms
Chinese Premier Wen Jiabao told his German counterpart that Spain, Italy and Greece must take steps to prevent a worsening of the euro region’s sovereign-debt crisis as he pledged to consider further European bond purchases.

Econ Comments & Analysis                                                                                            
4% Growth | Stop Bailing Out Cities
Billions of dollars will be spent this year to do a myriad of things to entice people to stay in cities that hold little in the way of economic promise.