Tuesday, September 16, 2014

General Economics

CNN Money | Where the middle class is most unequal
Virginia is the most unequal when it comes to comparing median income by county.
Wall Street Journal | OECD Cuts Economic Growth Forecasts
The Organization for Economic Cooperation and Development Monday cut its economic growth forecasts for the U.S. and other large developed economies, and said the continued weakness of the recovery demonstrated the need for significant changes in economic policy.

Econ Comments & Analysis                                                                                            
Wall Street Journal | A Republican War on Poverty
To the credit of Democratic strategists and candidates, many average voters, and especially minorities and suburban women, assume that Democrats care more for disadvantaged Americans than Republicans do. It is a myth that is dangerously close to becoming conventional wisdom.
Market Watch | Poverty rate falls as middle-incomes stall
The poverty rate has fallen while the average household isn’t getting any richer, according to the latest government data released Tuesday.
Heritage Foundation | The War on Poverty After 50 Years
In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.” In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs.
The Daily Signal | 9 Facts About How the Poor in America Live
Many in America, while struggling, also have more assets than you might assume based on media reports.

Wall Street Journal | Did Your Local Economy Beat the U.S. In 2013? This Chart Will Tell You
The U.S. economy expanded 2.2% in 2013. But growth varied greatly across the nation’s 381 metropolitan regions, and some local economies actually contracted, a new Commerce Department report shows.
Wall Street Journal | Income Inequality Pressures State Tax Revenue, S&P Says
One of the flashpoints in the debate over the widening income gap has been answering the question, “So what?” What is the real impact of separating wages for the wealthiest Americans and everyone else?