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Monday, July 7, 2014

General Economics

News                                                                                                                             
National Journal | A Hot July Forecast on Capitol Hill
The unfinished work of this Congress is piling up with no more than 20 scheduled legislative days before the annual August recess, and standoffs over economic issues and other matters are continuing to vex lawmakers as they return to session this week.
CNN Money | Obama wants more financial reform
The ink is barely dry on the post-crisis financial reforms, but President Obama says more is needed.
WSJ | Political Battle Over Export Bank Heats Up
Lawmakers at a recent House hearing on the future of the Export-Import Bank were given an extra piece of reading material: a personalized index card laying out exactly which companies in their districts benefit from the financing agency and how many people they employ.

Econ Comments & Analysis                                                                                            
Washington Times | An accounting of economic failure
Republicans have a wealth of political issues that will dominate the 2014 midterm election races and determine their outcome.
National Journal | Why Doesn't the Government Track Social Mobility?
Unlike poverty rates, the deficit, and other economic measures, the federal government has no standard way of tracking movement up the income ladder.
CNN Money | Housing market is a 'crapshoot'
The housing market is a "crapshoot" now, according to one of America's leading real estate experts.
Mercatus | With Corporate Welfare, There's No 'Trickle Down'
Advocates of corporate welfare often claim that when governments privilege a handful of firms, the rest of the economy somehow benefits. This is how the Bush Administration sold the bank bailouts. It's how the current Administration sold the auto bailouts. And it's how the U.S. Chamber of Commerce is trying to sell the Export-Import Bank.
CRS | Shale Gas and Hydraulic Fracturing: CRS Experts
The use of hydraulic fracturing—along with advanced drilling methods—has enabled the production of oil and gas from unconventional (low-permeability) reservoirs that were previously inaccessible.

Blogs                                                                                                                             
CATO | Independence in 1776; Dependence in 2014
Since the 1960s, the Catalog of Federal Domestic Assistance (CFDA) has provided a list of all federal subsidy programs. That includes subsidies to individuals, businesses, nonprofit groups, and state and local governments. The CFDA includes subsidies for farmers, retirees, school lunches, rural utilities, the energy industry, rental housing, public broadcasting, job training, foreign aid, urban transit, and much more.