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Tuesday, December 4, 2012

General Economics

News                                                                                                                             
WSJ | In World of Big Stuff, the U.S. Still Rules
Robert LeTourneau, a roving American evangelist and inventor, decided in the mid-1930s that a plot of lakefront land a mile and a half northeast of downtown Peoria would be a fine place to make earth-moving equipment. Skilled labor and suppliers were plentiful; transport links were good.
USA Today | Manufacturing shrinks to lowest level since July 2009
Manufacturing shrank to the lowest level since July 2009, the first month after the recession ended, according to a purchasing managers survey out Monday.

Econ Comments & Analysis                                                                                            
US News | Why a Falling Birth Rate Is a Big Problem
It sounds like one of those stories you can safely ignore: The U.S. birth rate has hit a record low, led by a big drop in the portion of immigrant women having babies.

Blogs                                                                                                                             
WSJ | World-Wide Factory Activity, by Country
Manufacturing in much of the world remained in contractionary territory in November, with an unexpected decline in the U.S. taking center stage.
Café Hayek | Is it all in the micro?
Casey Mulligan in this week’s EconTalk argues that the generosity of the safety net deepened the recession and slowed the recovery.