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Friday, December 13, 2013

General Economics

News                                                                                                                             
National Journal | Americans Won't Be Easily Reassured About the Economy
Some political analysts suggest the encouraging economic numbers released last week are a sign that the economy is improving enough to diminish the anti-incumbent mood that has seemed likely to become a dominant factor in the 2014 midterm elections.
CNN Money | Average American inheritance: $177,000
The United States is lagging behind other parts of the world when it comes to leaving inheritances for future generations.
Bloomberg | Hoenig Says Volcker May Spur Efforts to Split Biggest Banks
The Volcker Rule ban on banks’ proprietary trading is a “useful” step that may spur efforts to split commercial lenders from broker-dealers, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said today.
Market Watch | Fischer optimistic about U.S. economy in 2014: report
Stanley Fischer is reportedly optimistic about the outlook for the U.S. economy in 2014. We picked up on the following comment that he was reported to have made at the 2013 Globes Israel Business Conference on Dec. 9.
WSJ | U.S. Treasury Secretary: Euro-Zone Recession 'Seems to Be Ending'
U.S. Treasury Secretary Jacob Lew said Thursday the euro zone's recession "seems to be ending," despite high unemployment levels in the hardest-hit countries.

Econ Comments & Analysis                                                                                            
CNN Money | Worst year in history for bond funds
Forget about the bond bloodbath in 1994. This is shaping up to be the worst year in history for bond funds.
Politico | How America Is Failing Its Kids
Change is hard. As someone who’s pushed to overhaul failing schools and battled entrenched defenders of an unacceptable status quo, I’m no stranger to controversy when it comes to education reform.
Washington Times | Resisting the seduction of housing speculation
Capitol Hill has been awash recently with various ways to reform Fannie Mae and Freddie Mac, the government-sponsored enterprises, or GSEs. From Corker-Warner in the Senate to Financial Services Committee
Fortune | Addressing economic inequality in 2014
The central threat to capitalism today is snowballing inequality. There's a lot that could be done to turn the tide, if we muster the will. Here's how we can start.