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Noteworthy News – May 13, 2013

Economy:

Thinking Utopian: How about a universal basic income? – Washington Post

The Problem with Poor Countries’ GDP - Project Syndicate (Bill Gates)

Spain is officially insolvent: get your money out while you still can – Telegraph

On the Payoff to Attending an Elite College – National Bureau of Economic Research

In U.S., Standard of Living Perceptions Hit Five-Year High – Gallup

Markets:

Researchers present causal evidence on how markets affect moral values – Phys.org

Inflation Madness - New York Times (Krugman)

Challenge to Dogma on Owning a Home – New York Times

Foreign Buyers Hop on Rental Trend – Wall Street Journal

Robert Shiller: Home Prices Will Remain Relatively Stagnant For Next 10 Years – Yahoo! Finance

Stock Markets Rise, but Half of Americans Don’t Benefit – New York Times

Politics:

Escaping liquidity traps: Lessons from the UK’s 1930s escape – Vox

The Salvation of Japan: Prime Minister Shinzo Abe’s bold recovery strategy is working – Slate

Banks:

Wall Street is back: American investment banks dominate global finance once more. That’s not necessarily good for America – Economist

Bankers: College debt bubble mimics housing bubble - USA Today

Fannie Mae to Pay Treasury $59.4 Billion After Record Profit - Bloomberg


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Posted in Economics, Markets, Media, Politics.


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