What We Read Today 17 December 2013

December 17th, 2013
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list.


The top of today's reading list is David Simon's story of two Americas which he sees as a horror show ........ and the tenth article is from Australia discussing a potential massive economic collapse for that country.  There is an eleventh bonus article which is a video of China's soft landing on the moon.

Follow up:

America is a country that is now utterly divided when it comes to its society, its economy, its politics. There are definitely two Americas. I live in one, on one block in Baltimore that is part of the viable America, the America that is connected to its own economy, where there is a plausible future for the people born into it. About 20 blocks away is another America entirely. It's astonishing how little we have to do with each other, and yet we are living in such proximity.
"It's clear that income inequality is a crisis worth addressing. It's not clear that a higher minimum wage would address it."

See also GEI Analysis: Arguing Over Extending Unemployment Benefits.

Click on graph for larger image at Advisor Perspectives dshort.com.
labor-force-participation-growth-dshort-2013-dec-600px

rent-too-high

  • Rethinking the Idea of a Basic Income for All (Bruce Bartlett, The New York Times) This idea is coming from all flavors of political and economic thinking, from progressives to conservatives and libertarians. Historically it has been more supported by famous conservatives (like Hayek and Friedman) than famous liberals. Go figure!

Australia-sector-growth-MB-2013-dec-10

BONUS









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