The New Republic

Fed believes asset purchases lowered 10-year Treasury yields by 0.5%. Why didn't the Canadian housing market go bust? The service sector contracted in November. READ MORE >>

Justin Wolfers: It's better to raise rates too late than too early. READ MORE >>

Why consumer debt won't weigh down the economy for years. How successful was all that quantitative easing, really?  Which countries are at risk of being the next Dubai? READ MORE >>

Citigroup hires harsh critic Willem Buiter as chief economist. Buiter's last(?) blog: Sovereign guarantees are a delusion. READ MORE >>

The start of the work week is typically associated with blue feelings, but the weekend could actually be worse for our moods. The following chart comes from Alpaslan Akay and Peter Martinsson, who looked at how Germans rated themselves on an 11-point scale of feelings of well-being, broken down by day of the week: READ MORE >>

TARP repayments may force banks to raise yet more capital. Healthcare rationing is as American as apple pie. Krugman supports a Tobin tax. New VoxEU e-book: The Great Trade Collapse READ MORE >>

Luxury goods cause people to think more about themselves than others. The average senator is three times richer than the typical House member. Exiting BusinessWeek economist Michael Mandel has a new blog. READ MORE >>

As David Leonhardt revealed in September, almost half of all students who enter college in the U.S. don't graduate. Cutting this number down should be a national priority, but even a determined effort is likely to leave many students short of a bachelor's degree. Instead, what they'll be leaving school with is a sizable debt burden. READ MORE >>

Is the world still stuck with a glut of savings? Problem bank list grows to 552. Should cosmetic surgery get taxed? READ MORE >>

Bloggers agree, wave of U.S. debt doesn't mean apocalypse is anywhere near. READ MORE >>