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Extra selling days support EU April auto sales

May 22nd, 2013
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Good news about EU auto sales is always welcome, especially when it comes after 17 months of declining sales. Thus the blog is happy to note that April's sales rose 1.7% versus 2012.

OK tornados should not be used as political ammunition

May 22nd, 2013
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It’s truly grotesque and offensive that people are already trying to score political points from the death and destruction caused by the tornados in Oklahoma. Ezra Levant talks about extreme weather and climate change with Tom Harris of the ICSC … Continue reading ?

Wednesday: Existing Home Sales, Bernanke Testimony and more

May 22nd, 2013
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From Tim Duy at Economist'sView: Fed Watch: And Then There is Bernanke. Duy discusses the various Fed speeches this week and concludes:

Service-sector reforms enhance manufacturing productivity: Evidence from Indonesia

May 22nd, 2013
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Victor Duggan, Sjamsu Rahardja, Gonzalo Varela, 22 May 2013The ‘manufacturing matters’ movement has gained prominence on the policy agenda even as the nature of manufacturing continues to morph. This column discusses new research showing that opening service sectors to competition and foreign direct investment can be a powerful conduit for productivity gains in manufacturing.

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