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The Economist

Of Wealth Gaps and Parent Traps

The Economist explores evidence that parenting matters. After reading enough scholarly papers to make a life-sized papier-mâché elephant, Richard Reeves of the Brookings Institution, a think-tank, concludes that it accounts for about a third of the gap in development between rich and poor children.

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The Long Tale of the Taper

Wall Street Journal staffer Jon Hilsenrath reports that Federal Reserve officials will likely move closer to ending their purchases of mortgage and Treasury bonds at a policy meeting next week and discuss when and how to raise interest rates (paywall).

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