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Friday, March 21, 2014

General Economics

News                                                                                                                             
National Journal | Both Parties In Denial Over Resolving Urban Poverty
In the 1990s, there was a bipartisan consensus on welfare reform. That's now ancient history.
WSJ | City vs. Country: How Where We Live Deepens the Nation's Political Divide
There have always been differences between rural and urban America, but they have grown vast and deep, and now are an underappreciated factor in dividing the U.S. political system, say politicians and academicians.
Real Clear Markets | California: CEOs Rate It Worst U.S. Business Climate For 8 Years Running
California's economy continues to experience a tepid recovery since the Great Recession. One reason why: according to CEO Magazine, California has had the worst business climate in the nation for the last eight years, due in no small part to policies out of Sacramento.

Econ Comments & Analysis                                                                                            
CNN Money | Subprime mortgages making a comeback
Borrowers with bad credit were shut out of the mortgage market after the housing bubble burst, but now a handful of small lenders are starting to offer subprime loans again.
CNN Money | Why the bull market could end tomorrow
Timing the market, to many investors, is a science akin to fortune telling or tarot cards. Financial experts warn retail shareholders constantly: Don't try this at home. Yet with the market going on a sixth year of gains and hovering near record-high levels, the bull seems more vulnerable every day.
AEI | Domestic shipping industry needs load of competition
It's time — indeed way past time — for Congress to repeal a century-old shipping law known as the Jones Act, a protectionist policy adopted during Woodrow Wilson's administration that has no place in today's modern global economy.