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Study: Beverage tax would grab millions from the poor, do nothing to stop obesity

Bruce Parker, This article originally appeared on  As lawmakers in Vermont consider a tax to help end obesity, a study by economists at George Mason University finds raising taxes on “unhealthy” foods hurts the poor financially and does nothing to lower consumption. As the midsession break comes to and end, all eyes are focused on the ever-growing hole in the Vermont […] Continue reading →

Is Europe Too Rigid to Survive?

 The European Union is suffering from a democracy problem: Too many Europeans feel that integration is being forced upon them. What’s worse, they may be right. New research from a group of economists — Luigi Guiso, Paola Sapienza and Luigi Zingales — paints a grim picture of the European project from the perspective of its […] Continue reading →

IMF sees US growth at weakest since recession

 U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. But the global lending organization said Wednesday that it still expects growth resumed in the April-June quarter and will remain healthy in […] Continue reading →

Is the World Heading for an Economic Recession?

 Viviana Woodbury,  Memories of faltering economies and worldwide recessions remain fresh among consumers, who are still struggling to find personal proof that recessions have ended.  Largely thought to have been averted by 2010, the most recent economic recession lingers in the minds of analysts and consumers who aren’t so sure we are out of the […] Continue reading →

Can The Fed Stop The Next Recession? Business Can’t Bank On It

 The Federal Reserve makes decisions based on great academic economists and veteran bank and corporate executives. Politics is minimal, at least compared to most other government decisions. Tremendous resources support the decisions, with great economists on staff, massive data banks and access to outside experts. You would think that the Fed can prevent recessions. You […] Continue reading →

Obama budget to drop benefit cost-of-living trims

 President Barack Obama will propose an election-year budget that would avoid reductions in federal benefits that he had previously supported, aides disclosed Thursday. He also will ask Congress to approve about $56 billion in new or expanded programs, stepping back from aggressive efforts to tackle long-term government deficits and debt. Obama is dropping his previous […] Continue reading →

Fed: US growth stood moderate during shutdown

A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November. The Fed said seven of its 12 banking districts described growth as moderate. Four — Philadelphia, Chicago, Kansas City and San Francisco — said growth was […] Continue reading →