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Thursday, January 10, 2013

General Economics

News                                                                                                                             
CNN Money | New rules aim to make mortgages safer
Federal officials unveiled new mortgage rules on Thursday meant to reduce risky lending and make it easier for borrowers to know exactly what they are getting into.
Market Watch | What’s ahead for Social Security in 2013
If there’s any good news for retirees and near-retirees in the coming debate over government spending and the U.S. debt ceiling, it’s that lawmakers may bypass changes to the Social Security program.
Bloomberg | Consumer Comfort Drops as Americans Brace for Payroll Tax Boost
Consumer confidence in the U.S. slumped last week to the lowest level in a month as Americans prepared to lose a portion of their pay to taxes.

Econ Comments & Analysis                                                                                            
Washington Times | $1 trillion in gimmicks
Politicians love nothing more than telling people what to do. Hearts warm in the Capitol any time a new bill is dropped in the hopper prohibiting something or expending taxpayer funds in service of the latest trendy cause.
WSJ | In the Index of Economic Freedom, Liberalization Slips
The foundations of economic freedom are weakening around the world, according to the 2013 Index of Economic Freedom, published today by the Heritage Foundation and The Wall Street Journal. Particularly concerning are the rise of populist "democratic" movements that use the coercive power of government to redistribute income and control economic activity.

Blogs                                                                                                                             
CBO | How Will Older People’s Participation in the Labor Force Be Affected by the Coming Increase in the Full Retirement Age for Social Security?
CBO expects that the share of older people who work will increase in the latter part of this decade in response to the scheduled increase in the full retirement age (FRA) for Social Security.
Heritage Foundation | Morning Bell: See America’s Ranking in the 2013 Index of Economic Freedom
Today launches the 19th edition of the Index of Economic Freedom, produced by The Heritage Foundation and The Wall Street Journal.