Tuesday, September 9, 2014

General Economics

CNN Money | Job-hopping Millennials are losing big on retirement savings
Leaving your job before you've worked long enough to retain the money your employer has contributed to your 401(k) can mean the loss of thousands of dollars in retirement savings.
Business Insider | RANKED: The 50 US State Economies From Worst to Best
The U.S. economy is in pretty good shape. GDP is growing, unemployment is falling, and we're seeing signs that wages may be on the rise.
Fox Business | China Will Have World's Largest Economy By 2024: Report
Explosive growth in Chinese consumer spending over the next decade will allow China to overtake the U.S. as the world’s largest economy by 2024, according to a new report.
CNN Money | 5 reasons to worry about Scottish vote
A vote in favor of independence would end a 307-year union with England and have far reaching consequences for the economy, currency, banks and industry. There could also be knock-on effects across Europe

Econ Comments & Analysis                                                                                            
The Washington Times | A society sickened by welfare
Congress has returned to Washington, but not for long. The looming midterm elections mean that lawmakers are here only for what USA Today calls "a three-week sprint" before they're back out to campaign.
Fortune | The slow decay of American economic competitiveness
While the American economy is adding jobs at a faster pace than at any point since the end of the financial crisis and is growing faster than many of its developed peers, it’s still not close to full strength.
AEI | Americans have already forgotten that this is a great nation
A man beheads two Americans with a knife that is not particularly sharp. The second time, he taunts the president of the United States: “I’m back, Obama.” His terrorist organization, ISIS, is reclaiming Iraqi cities that were once liberated — painstakingly, block by block, house by house — by American soldiers and that cost American blood and treasure.
Cato Institute | The Export-Import Bank and Its Victims: Which Industries and States Bear the Brunt?
The charter of the Export-Import Bank of the United States is set to expire on September 30. Proponents of reauthorization claim that by increasing exports and jobs, Ex-Im benefits the U.S. economy.

Wall Street Journal | Why More Renters Aren’t Buying (Hint: Weak Incomes, Savings)
A new survey says that younger workers and other renters aren’t turning away from homeownership because they lack the desire to own homes. Instead, they’re staying on the sidelines because they lack the capacity to purchase.