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Wednesday, September 4, 2013

General Economics

News                                                                                                                             
FOX Business | Energy Boom a Windfall for Family Income
American families will earn more money in the coming years as dollars from the nation's oil and gas boom trickle down to the average person, consultant IHS said in a report released on Wednesday.
Politico | China drives uptick in U.S. trade deficit
The U.S. trade deficit with China topped $30 billion for the first time in July, boosting the United States’ overall trade gap after a sharp drop in June.
FOX Business | Global Economy Picks Up Steam
Euro zone businesses had their best month in over two years in August as orders increased for the first time since mid-2011 while growth in China's services sector hit a five-month high, underpinned by new orders and business optimism.

Econ Comments & Analysis                                                                                            
CNN Money | Global recovery no sure thing: OECD
Even as developed economies see improving growth figures and a rosier future, the Organisation for Economic Co-operation and Development has warned that the global recovery could still be thrown off track.
WSJ | Obama's Economy Hits His Voters Hardest
For better or worse, a truism of American politics is that voters vote their pocketbooks. Yet according to a new report on median household incomes by Sentier Research, in 2012 millions of American voters apparently cast ballots contrary to their economic self-interest.
Real Clear Markets | Scared American Workers Can Thank Confused Economists
Goldman Sachs is known for many things, and one of them is its grueling interview process. With so many of the best and brightest from the top colleges, universities and companies vying to work at the financial giant, it must carefully and yes - ruthlessly - pick its employees.
Mercatus | Four Key Questions on Housing Finance Reform
As Congress returns from its August recess and prepares to take up the issue of housing finance reform, the history of special-interest pleading and taxpayer bailouts will loom large.
AEI | The China-Korea-Japan FTA: The U.S. perspective
The proposed China-Japan-Korea (CJK) FTA, if it comes to fruition, will be a major economic accomplishment in its own right; but it will also constitute an important milestone and potential way station on the road to a region-wide FTA, embodied in previous proposals for an ASEAN+6 agreement and in the recently launched negotiations for a Regional Comprehensive Economic Partnership (RCEP) agreement.

Blogs                                                                                                                             
Economist | Worried wells
Over the past month the price of Brent crude oil has risen by five dollars to $115 a barrel. The prospect of Western military intervention in Syria is one reason for the bump in prices, but not the only one.
Heritage Foundation | A Swedish (Economic) Lesson for President Obama in One Chart
President Obama is making the first ever bilateral visit to Sweden by a sitting U.S. President. As The Heritage Foundation and Swedish think tank Timbro discussed in a recent Google Hangout, the President should learn from Sweden that advancing economic freedom, not big-government policies, is the driver of economic dynamism.