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Obama Says Income Gap Is Fraying U.S. Social Fabric

Widening income inequality and the weak recovery have undermined Americans’ belief in opportunity, President Obama said in an interview.

    

Economic View: Budging (Just a Little) on Investing in Gold

As a long-term investment, gold has offered small overall returns with high volatility. But there is still an argument for keeping a sliver of it in a portfolio.

    

Fair Game: How to Gauge SAC on the Richter Scale

SAC Capital Advisors, the hedge fund facing insider trading charges, has $14 billion under management, but $51 billion in total market exposure. If it unwinds, will that sum roil the stock market?

    

News Analysis: Quiet Rivalry Over the Next Fed Leader Comes Out of the Shadows

The choice of the nation’s most powerful technocrat, the head of the Federal Reserve, has rarely generated this much public anticipation or political debate.

    

Consumer Confidence Revisits High Set in 2007

Rising home prices and job gains are bolstering household wealth and income.

    

Shortcuts: Unemployed and Older, and Facing a Jobless Future

Those over 50 who lose their jobs are confronting the possibility of never working again.

    

Common Sense: At SAC, Rules Compliance With an ‘Edge’

SAC Capital Advisors, the hedge fund now facing criminal charges, is proud of its “strong culture of compliance” to insider-trading rules, but the government’s indictment shows little evidence of it.

    

Off the Charts: Hints of a Corner Finally Turned in Ireland

Prices of homes and apartments in Ireland are increasing, especially in the Dublin region.

    

Political Memo: Fed Chairman Change Casts New Light on Bush Era

Even some political rivals give the former president partial credit for helping avert a second Great Depression, showing how history’s view can shift.

    

Concerns Over China Push Stocks Lower

Wall Street indexes dropped as investors weighed a slew of mixed earnings reports and on concerns that an overhaul of China’s industrial sector could cause a sharp slowdown.

    

Economix Blog: Growth From the Middle Out, and How It Works

President Obama is right to assert that reducing income inequality will help spur growth, an economist writes.

    

In Tug of War Over New Fed Leader, Some Gender Undertones

The choice of who will succeed Ben S. Bernanke to lead the Federal Reserve is roiling Washington as it revives questions about the dearth of women in its top economic policy positions.

    

Business Spending Lifts Orders for Durable Factory Goods

The Commerce Department said that orders for durable goods increased 4.2 percent last month, suggesting American companies are more confident in the economy.

    

Economix Blog: The Complex Story of Race and Upward Mobility

Metropolitan areas with large African-American populations tend to have lower rates of upward mobility. But lower-income whites in those regions also face longer odds of moving up economically.

    

Obama Vows to Bypass Congress on Infrastructure Projects

Speaking at a port in Jacksonville, Fla., President Obama said he “won’t wait for Congress” and would use his executive powers to accelerate projects to bolster growth and add jobs.

    

In a Recovering Economy, a Decline in College Enrollment

The college-age population is dropping after more than a decade of sharp growth, and many adults who avoided the job market and went back to school during the recession have been drawn back to work.

    

High & Low Finance: Intersection of Fraud and Traffic Violations

Results of a study could indicate that people who are willing to violate one set of social norms are more likely to be willing to violate far more serious ones.

    

The Ethicist: Bankrolling the Botnets

What’s it worth to understand spam?

    

Labor Leaders Seek Government Aid for Detroit

Top leaders of the A.F.L.-C.I.O. on Thursday called on President Obama and the Congress to offer an immediate financial infusion to Detroit, filed for bankruptcy last week.

    

Markets Slump Despite Some Positive Reports

Wall Street drifted lower on Thursday, despite upbeat reports on the German and British economies, and a positive earnings report from Facebook.

    

British Recovery Picks Up, But Still Remains Fragile

Gross domestic product grew 0.6 percent in the three months that ended on June 30, an uptick amid signs of improvement elsewhere in Europe.

    

Today’s Economist: A Better Way to Think About Trade

A senior Democrat has proposed that the United States seek stronger trade agreements that would better protect the economy.

    

New Defaults Trouble a Mortgage Program

Loan servicers and banks have kept the money they received, even though more than a third of homeowners who received loan modifications have defaulted again, a report has found.

    

Federal Judge Halts Legal Challenges in Detroit Bankruptcy Case

The judge said objections to the city’s Chapter 9 filing, including protests by retired city employees about potential pension cuts, would be addressed in upcoming hearings.

    

Harrisburg Sees Path to Restructuring Debts Without Bankruptcy Filing

Negotiators were said to be “very close” to agreeing on a settlement to refinance hundreds of millions of dollars of debt that Harrisburg, Pa., cannot pay.

    

Polar Thaw Opens Shortcut for Russian Natural Gas

Less ice along the Northeast Passage means Russian energy companies have more places to drill and a clear shipping lane to reach customers in China.

    

New-Home Sales and Factory Activity Rise

Sales of new homes reach a five-year high despite higher mortgage rates, and gains in new orders spur manufacturing activity.

    

Senate Approves College Student Loan Plan Tying Rates to Markets

The plan would tie interest rates for student loans to the financial markets and brings Congress close to resolving a dispute that caused rates to double in July.

    

Boeing Profit Is Up 13%, Exceeding Expectations, and Its Forecast Rises

The company’s net income rose 13 percent in the second quarter as sales of commercial airliners and exports of its military equipment rose.

    

Economix Blog: Strongest Since 1999?

Was this the best first half of a year for private-sector jobs since 1999, as President Obama claimed in his speech on the economy? Well, sort of.

    

Economix Blog: Obama’s View of the Economic Challenge

The president’s speech in Illinois lays out how he feels the economy has changed to the detriment of workers over three decades, but has few policy specifics to tackle stagnant wages and income inequality..

    

Economix Blog: A Mobility Prophet

A large new study suggests that Gary Solon, a Michigan State economist, was correct when he argued years ago that upward mobility is less common in the United States than many people imagine.

    

Markets Slip Despite Positive Data

Wall Street was mostly lower as surprisingly strong economic figures out of Europe and upbeat earnings from Apple could not outweigh earlier concerns over China.

    

Report Raises Hopes for Euro Zone Recovery

The survey of purchasing managers by Markit suggested that Europe may be near the end of a prolonged slump that has pushed unemployment to record highs.

    

News Analysis: Asian Economies Encounter Stiff Winds

Over the past couple of months, the economic engines of developing Asia have downshifted, and that may end up hurting the rest of the world.

    

Economix Blog: The New Economics of Part-Time Employment, Continued

A new proposal to redefine part-time work in the Affordable Care Act would heighten disruption of the labor market, an economist writes.

    

Senate Scrutiny of Potential Risk in Markets for Commodities

Some witnesses warned a Congressional subcommittee that taxpayers, as well as the economy, could be vulnerable to banks’ actions in the commodities market.

    

Economic Scene: Pro-Baby, but Stingy With Money to Support Them

Conservatives claim to have a soft spot for babies, but they also support sharp cuts to programs that benefit families and children.

    

Economix Blog: Who Works the Longest Days

Men work longer hours than women, even when both are working full-time. And high school grads put in the longest workdays when you sort by education.

    

Economix Blog: Support for College Students and Banks: Not So Different

Proposals to link the interest rates for federal student loans to the rate at which banks borrow from the Federal Reserve are misguided but provide a useful analogy, an economist writes.

    

Wall Street Modestly Higher, Helped by Earnings Data

Wall Street opened slightly higher open on Tuesday, helped by some solid earnings and by China’s efforts to avoid a hard landing for its slowing economy.

    

It’s the Economy: The Perverse Effects of Rent Regulation

What would happen if Manhattan had a free market for rental apartments?

    

Economix Blog: Inflationphobia, Part III

It’s time for all those who have warned in recent years that inflation is looming to acknowledge that there’s no basis for that view, an economist writes.

    

Home Sales Slipped 1.2% Last Month

Sales of existing homes slipped in June to a seasonally adjusted annual rate of 5.08 million but remain near a three-and-a-half-year high.

    

Economix Blog: College Counseling and Job Prospects

More than a third of college graduates say they regret their choice of major. But a study shows than under 10 percent of graduating seniors discussed the choice with a career counselor.

    

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