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Tuesday, April 30, 2013

General Economics

News                                                                                                                             
CNN Money | Home price rise continues to pick up speed
The pace of home price increases continued to accelerate in February, according to a reading Tuesday that showed the biggest gain since near the height of the housing bubble.

Econ Comments & Analysis                                                                                            
Market Watch | Roubini: Money supplies holding back economy, but run could last two years
Economic guru Noriel Roubini and a panel of experts told the Milken Global Conference Monday that there is a disconnect between the continually surging equities markets and the actual performance of the U.S. economy, but that the current market run could last another two years.
NY Times | The Warnings Behind the Numbers
On its face, Friday’s announcement that the nation’s gross domestic product expanded at a 2.5 percent annual rate in the first quarter was good news, following as it did an only marginally positive result for the previous three-month period.
Real Clear Markets | How Much Do Americans Care About Income Inequality?
Since the financial crisis, income inequality has been a topic of obsession in many journalistic and advocacy quarters. There is some irony in this, because the crash brought about the first reversal of inequality between "the 99 percent" and richer Americans in years, and there was much less concern about the subject during the period in which inequality was rising steadily.
Washington Times | Misplaced criticism of multinationals
Governments of all sizes and shapes have been chronically short of cash since the global financial meltdown five years ago. The result: From the United Kingdom to Zambia, lawmakers have been under constant pressure to reduce their budget shortfalls.
Real Clear Markets | Without Excusing Obamanomics, Bushonomics Was a Dismal Failure
Having studiously avoided the limelight since departing Washington a little over four years ago, former President George W. Bush's profile has recently grown with the opening of his presidential library at Southern Methodist University. Bush's re-emergence has predictably, and understandably, brought with it defenses of a presidency widely seen as a failure upon his leaving office in 2009.
Heritage Foundation | Tariff Reform Needed to Boost the U.S. Economy
Congress routinely engages in targeted, short-term tariff cuts through “miscellaneous tariff bills.” Although conventional wisdom says that unilateral tariff cuts are politically impossible, these bills show that it is possible to reduce tariffs given the right political environment.