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Jul102013

ALG's Daily Grind - Credit contraction, not austerity, cause of euro woes

July 9, 2013

Credit contraction, not austerity, cause of euro woes

In problem countries Portugal, Italy, Ireland, Greece, Spain, and Cyprus, credit outstanding — all debts public and private — is contracting. GDP and unemployment have followed suit.

Cartoon: In tow

Does Obama's energy policy need a lift?

IRS scandal makes the fire hot to deal with tax reform

The only way to fix the IRS is to slash it, and the only way to slash the IRS is to simplify the tax code. 

Fahrenthold: One grower's grapes of wrath

California raisin farmer fined $650,000 by Agriculture Department takes on New Deal relic program to warehouse surplus raisins.

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