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What’s Ailing the Economy? Political Paralysis May Be the Biggest Problem

Ciro Scotti, A new Harvard Business School study on American competitiveness says that the single biggest threat to the economy is politics. It also says that more than at any time in recent history, the U.S. desperately needs a national economic strategy. Among those surveyed – including almost 5,000 b-school alumni, MBA students and over

Housing Falters as Forecasters See U.S. Sales Dropping

The two-year-old U.S. housing recovery is faltering.  The Mortgage Bankers Association yesterday lowered its new and existing home sales forecast for 2014 to 5.28 million — a decrease of 4.1 percent that would be the first annual drop in four years. The industry group also cut its prediction on mortgage lending volume for purchases to