Submitted by The Capital Spectator
Today’s update on consumer prices for June is one more bit of bad news on inflation. But maybe, just maybe, the inflationary momentum is about to break for a while.
Before we dive into what may, or may not happen, let’s review the latest numbers. Consumer prices surged by 1.1% last month, […]

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Submitted by Econbrowser
Some thoughts about the role played by the GSEs in the run-up in mortgage debt and house prices.
Paul Krugman ably lays out the case for why it’s conceivable that Fannie and Freddie could have made a contribution:
Here’s the background: Fannie Mae– the Federal National Mortgage Association– was created in the 1930s to facilitate […]

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Submitted by CARPE DIEM
Associated Press — The United States last week became the world’s first nation of 200 accredited law schools, as the American Bar Association gave provisional approval to two North Carolina institutions.
In other countries, it’s much harder to become a lawyer. In the United States, the doors are open and getting wider. The […]

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Submitted by CARPE DIEM

Moving globe, with 3-D bars representing economic output by region.
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Submitted by CARPE DIEM

MOSCOW — Swedish oil company Lundin Petroleum announced it has made a major oil discovery in Russia’s north Caspian Sea. The discovery was made during exploratory drilling on the Morskaya-1 well on the Lagansky block, which has estimated reserves of more than 800 million barrels of oil.

“This is a world class […]

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