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Noteworthy News – August 5, 2013

Economy:

This Is What Would Happen If Fast-Food Workers Got Raises – Business Week

Part-Time America – Wall Street Journal

U.S. Employers Add 162K Jobs; Unemployment Rate Falls to 7.4% – Time

Consumer Spending in U.S. Rose in Line With Forecast in June – Bloomberg

The King of Human Error – Vanity Fair (Michael Lewis)

Here’s why economists hate software patents – Washington Post

Markets:

The $4 Million Teacher – Wall Street Journal

Foreigners buy nearly 75% of new homes in inner London – Financial Times

Michigan County Pulls Bond Offering – Wall Street Journal

American Homes 4 Rent Falls 2.5% After $705.9 Million IPO – Bloomberg

Politics:

U.S. Cuts Take Increasing Toll on Job Growth – NY Times

President Obama’s Plan For Corporate Tax Reform: A ‘Grand Bargain’ Or Simply Another Name For An Old Proposal? – Forbes

Countering devaluation: Govt slaps temporary ban on gold import - The Express Tribune

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Posted in Economics, Markets, Media, Politics.


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