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Wednesday, June 26, 2013

General Economics

News                                                                                                                             
FOX News | Economic well-being of American children slips, report says
It wasn't so long ago that David Hutchinson spent a month sleeping under a bridge while his wife and young daughter spent their nights at a domestic violence shelter.
WSJ | U.S. Overtakes China
For the first time since 2001, the U.S. knocked China out of first place in an annual survey of executives rating favorable places for foreign direct investment.

Econ Comments & Analysis                                                                                            
Politico | Facing the truth about entitlements
Our looming entitlement crisis is a complex problem. But it hinges on a very simple choice. We can choose to face the facts — and act on them — or we can choose to face the consequences.
WSJ | The Carbonated President
Mr. Obama's "climate action plan" adds up to one of the most extensive reorganizations of the U.S. economy since the 1930s, imposed through administrative fiat and raw executive power.
WSJ | How Emerging Markets Lost Their Mojo
Emerging economies have lost nearly $2 trillion in stock-market value since the global financial crisis hit in late 2007. The full blame for this meltdown, and then some, can be placed at the door of their state-owned companies, which account for a third of these economies' roughly $9 trillion market capitalization.
Fortune | Building the indestructible metropolis
New York City's plan to bolster its infrastructure to deal with climate change is only the beginning of a long struggle to fortify cities around the world.
Market Watch | Holding bonds today is a disaster in the making
Allocating a significant portion of your assets to bonds, particularly U.S. Treasurys, and other stable income-based assets is one of the cornerstones of modern investing and portfolio practices.
NBER | How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size
There remains considerable debate in both the theoretical and empirical literature about the differences in the cyclical dynamics of firms by firm size.

Blogs                                                                                                                             
Market Watch | Think 7% growth in China is slow? Try 6%, says Credit Suisse
Credit Suisse has put out a downbeat view of the Chinese economy that stands out even amid the ongoing stampede of China bears.
WSJ | Expect Cheaper Electric Bills This Summer
Americans’ electric bills are expected to shrink this summer, putting a few extra bucks in their pockets as they beat the heat.