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Wednesday, November 7, 2012

General Economics

News                                                                                                                             
WSJ | Sandy Changes Retail Shopping Patterns in Northeast
Storm-affected residents in the Northeast are changing their buying habits, skipping optional items in favor of necessities in a shift that raises questions about how the holiday season will fare.
USA Today | Home prices rise the most in 6 years in September
A measure of U.S. home prices jumped 5% in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.
CNN Money | European leaders: Let's get world economy moving
European leaders were quick to congratulate President Obama on winning a second term -- and underscored the need to work with him to get the world economy moving again.
Market Watch | Euro drops; Draghi says debt crisis hits Germany
The euro dropped versus the dollar and other major rivals Wednesday, with U.S. stock index futures also on the decline, after European Central Bank President Mario Draghi said the euro-zone debt crisis is beginning to have an impact on the region's largest economy.
Bloomberg | Home Prices Rise in 81% of U.S. Cities as Markets Recover
Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s.
National Journal | A Full Plate Awaits Congress In Lame Duck
The so-called Do-Nothing Congress might need a new name after the lame-duck session. The period between Nov. 13 and Christmas looks like it’s going to be a doozy—and not just because of the fiscal cliff.

Econ Comments & Analysis                                                                                            
CRS | Natural Gas in the U.S. Economy: Opportunities for Growth
Due to the growth in natural gas production, primarily from shale gas, the United States is benefitting from some of the lowest prices for natural gas in the world and faces the question of how to best use this resource.
CATO | Obamanomics Explained
In a recent Wall Street Journal op-ed (November 2) President Obama wrote that “in the eight years after” Bill Clinton left office, “we followed a different path.

Blogs                                                                                                                             
National Review | Cronyism: Natural-Gas Edition
In recent months, I have spent a lot of time complaining about the rampant cronyism in the green-energy sector. However, Solar companies like Solyndra aren’t the only ones to benefit from special favors from the government at the expenses of taxpayers.