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V for Varoufakis - The Video

March 2nd, 2015
in econ_news

by Dirk Ehnts, Econoblog101

After much vilifying in the German media, this video is a welcome change. We should get used to Varoufakis as the first in a long succession of Greek finance ministers fighting a political fight against the German finance minister. Given that Greece reaches a primary surplus of 4.5% and keeps it there - no country has even come close to achieving this - and a zero growth rate on average (sorry, but I think that is a realistic assumption) Greece's government debt will fall below the 60% declared the maximum of "just right" by the Maastricht Treaty in 2039!  Lots of fun for the media and the politicians?  I don't think so.

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Napoleon: Why Escape from Elba Anniversary is a Bigger Deal than Waterloo

March 2nd, 2015
in econ_news

by Mark Philp, The Conversation

By the time the summer of 2015 is over, several thousand more pages will have appeared on Napoleon and the Battle of Waterloo, catering for the most obsessive of military historians and enthusiasts.

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Public Spending On Transportation And Water Infrastructure Over The Past 30 Years Has Hovered At 2.4%, Which Is 0.6% Lower Than The Peak Of 3.0% In 1959.

March 2nd, 2015
in econ_news

from the Congressional Budget Office

Public spending - spending by federal, state, and local governments - on transportation and water infrastructure totaled $416 billion in 2014. Most of that spending came from state and local governments: They provided $320 billion, and the federal government accounted for $96 billion.

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Euro Area Inflation Expectations - Anchors Away?

March 2nd, 2015
in econ_news

by Liberty Street Economics

by Matthew Ploenzke, Robert Rich, Michael Stewart, and Joseph Tracy - Liberty Street Economics, Federal Reserve Bank of New York

Euro area inflation expectations have been falling at both short- and long-term horizons, with the latter development suggesting the current low inflation environment is perceived as likely to persist. Because long-term inflation expectations play a key role in the decisions of households and firms, economists have stressed the importance of long-term inflation expectations being anchored at a central bank's target. In this post, we use survey data on inflation forecasts to document evidence of recent "unanchoring" of euro area long-term inflation expectations, and note the difference in comparison to the 2008-09 period, when current inflation and short-term inflation expectations also declined but long-term inflation expectations remained steady.

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Smartphone Shoppers Rarely Close the Deal

March 2nd, 2015
in News, econ_news, syndication

by Felix Richter, Statista.com

In the past couple of years, smartphones and tablets have become integral parts of our everyday lives.

 

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