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Steven Erlanger, The New York Times SÉLESTAT, France — This ancient town in the center of Alsace boasts the extraordinary Humanist Library, dating from the 15th century. But less proudly, Sélestat also has an unemployment rate of about 8 percent, much higher than towns just across the border in Germany. Emmendingen, a German town of 27,000 that is only slightly larger than Sélestat and barely 20 miles away, has an unemployment rate of under 3 percent. Among those under 25 years of age, the unemployment rate in Sélestat is 23 percent; in Emmendingen, it is 7 percent. The divergent economic circumstances of these two towns are striking, particularly given the cross-border cultural ties in the region. The reasons for the disparities, much debated, have emerged as a focal point of the French presidential campaign. Read More
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.