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?Here comes a strong El Nino, for better and worse

It could finally end California's drought and trim heating costs in the U.S., while wrecking crops and industries elsewhere

Race and progressivism

(July 27, 2015 04:18 PM, by Scott Sumner) Pat Buchanan used to complain about imports from Asian and Hispanic economies, but was strangely silent about our large trade deficits with mostly white northern Europe. Donald Trump makes similar complaints. Now Kevin Williamson says that Bernie Sanders likes to... (0 COMMENTS)

Fear of flight disruptions hits Republic Air stock

Pilot shortage, labor standoff slam operator of regional flights for some of the nation's biggest airlines

Down to the wire: Verizon strike looms Aug. 1

A union negotiator says "We're still far apart," as days remain before a walkout, which is what happened the last time, in 2011

Witch Hunt is On; Foolish Ideas on Stopping the Shanghai Carnage; US Bubble Will Burst Too

Nearly 1,800 stocks, over 60% of issues traded on the Shanghai and Shenzhen stock exchanges fell by the daily limit of 10% and were halted according to a Financial Times report.When contacted by the Financial Times, the China Securities Regulatory Commission refused to answer any questions. Show More Summary

Is the ‘Gig Economy’ a Thing? Ask Women

At all age groups, women are more likely to hold multiple jobs than their male peers.

The What’s Wrong With This Picture Chart of the Month – Durable Goods

U.S. Durable Goods Orders Rise 3.4% in June blared the Wall Street Journal headline this morning. As usual, not only is that not the whole story, it’s misleading. It’s wrong. It’s dumb. It raises the question of why the mainstream media adamantly refuses to report the facts. More importantly, why do they ignore the blatantly…

Links and Tweets

Links: Paul Blustein: [Laid Low: The IMF, the eurozone, and the First Rescue of Greece](https://www.cigionline.org/sites/default/files/cigi_paper_no.61web.pdf) Must-Read: Tim Duy: [The Fed Is Closer to Hitting Its Inflation Target Than People Think](http://equitablegrowth.org/?p=12599)

2:00PM Water Cooler 7/27/15

Today's Water Cooler: TPP and Malaysia, all Trump, all the time, Chinese markets, Medicare Part D, class warfare, pursuit of happiness

ATA Trucking Index decreased 0.5% in June

Here is an indicator that I follow on trucking, from the ATA: ATA Truck Tonnage Index Fell 0.5% in JuneAmerican Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.5% in June, following a revised gain of 0.8% during May. Show More Summary

?Game on: China lifts ban on video game consoles

The announcement eases a sales ban imposed in 2000 over concerns that Chinese children would waste time playing video games

U.S. stocks drop after China slide on growth concerns

Wall Street begins the week in the red, with blue chips off triple digits, after Shanghai index declines more than 8 percent

This Is Sick–Banking in Europe

Here's a look at IMF analysis of the Non-Performing Loans on Euro area banks' balance sheets.

IMF Euro Area Report: Debt’s a Bitch

Per IMF, low inflation environment in the Euro area is "pushing up real rates, more in countries with higher debt burdens"

Dallas Fed: "Texas Manufacturing Slump Moderates"

From the Dallas Fed: Texas Manufacturing Slump Moderates, Outlooks Improve Texas factory activity declined slightly in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index,...Show More Summary

10 ways to lower high medical bills

Even if you have insurance, health care costs can quickly get out of hand -- these 10 tips can keep your wallet in tip-top shape

Delta buying stake in Chinese carrier

Atlanta-based airline seeks to expand into China's fast-growing travel industry

?Whopper of an earnings report for Burger King parent

In the U.S. and Canada, Burger King's sales rose 7.9 percent in the three months ended June 30

Finishing an Econ Ph.D.: The Basic Facts

(July 27, 2015 09:40 AM, by Bryan Caplan) If aspiring econ Ph.D.s are going to read one article about their prospects for academic success, Stock, Siegfried, and Finegan's "Completion Rates and Time-to-Degree in Economics PhD Programs" (American Economic Review, 2011) is probably the single best piece to read.... (0 COMMENTS)

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