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Economy - Economics USA

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So we have a new feature out today, "Looting the Pension Funds," that looks at the blame game being played with state and municipal fiscal crises and the hiring of ultra-expensive "alternative investments" like hedge funds as a key trend in an evolvi

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It's just one quarter, and it's evident in just one index, and even when I cherry-pick this interesting number, prices aren't really falling very quickly. The PCE deflator fell at an annual rate of only 0.1 percent in the second quarter. But

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I got an email from my old friend Dick not too long ago – maybe the smartest guy I ever met, and I’ve known a lot of smart guys.

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Free Tempe

Tempe leads the East Valley in crime, taxes and city costs, except for Mesa’s water and solid waste disposal charges. In those two cases Tempe places second in costs behind Mesa. Tempe has a serious crime rate that is considerably higher than the

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It has been five years since the Lehman Brothers bankruptcy. The aftermath is well known: the Too Big To Fail bailouts, the Too Big To Jail avoidance of guilt by culpable executives, the loss of millions of jobs, the loss of hard-earned life savings,

News Link • Global Reported By Mike Brosnahan
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The Fed’s failure today to announce some sort of tapering of its QE program, despite the consensus of an overwhelming percentage of economists who expected action, once again reveals the degree to which mainstream analysts have overestimated.........

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The middle class loses out, Andrew Bacevich wants young people to serve their country, Cheerios releases a morbid ad, and Arne Duncan discusses access to preschool.

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“It’s an old-boy network. It’s very old-school thinking. It’s very, very conservative,” said Paul Saginaw, founder of Zingerman’s food companies in Michigan, which employes 600 people and unlike the NRA, supports better benefits for employees like he

Article Image, by Wynton Hall

A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017.

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It was, alas, one of those “good news/bad news” kind of week, in that my natural hostility and paranoid towards the monetary insanity of the Federal Reserve did not boil over in some pointless, screaming outburst of outrage.