Tuesday, November 25, 2014

General Economics

News                                                                                                                             
Wall Street Journal | U.S. Corporate Profits Up Year-Over-Year for 12th Straight Quarter
U.S. corporations saw profits rise for three straight quarters and are up 3.8% from a year earlier, the Commerce Department said Tuesday.
Market Watch | Annual home-price growth slowest in two years
U.S. home prices were just about unchanged in September, as annual growth cooled to the slowest year-over-year pace in two years, moving the market closer to sustainable gains, according to data released Tuesday.
Market Watch | U.S. third-quarter growth raised to 3.9%
The economy in the second and third quarters posted its best back-to-back growth in 11 years, offering fresh evidence that the U.S. entered the final three months of the year with a good head of momentum.

Econ Comments & Analysis                                                                                            
Wall Street Journal | The Unsettling Mystery of Productivity
A cottage industry on Wall Street tries to forecast the Federal Reserve’s policy decisions. The Fed, in turn, bases its policy on how it thinks the economy will perform. The cottage industry, of course, knows that; so it is constantly engaged in forecasting the economy.
Washington Times | The dreaded consequences of Obamanomics
What has been the price tag for the audacious Obamanomics experiment?

Blogs                                                                                                                             
Wall Street Journal | U.S. GDP Registers Best Consecutive Quarters of Growth Since ’03
U.S. gross domestic product expanded at an average 4.25% pace over the second and third quarters this year, the best two consecutive quarters since 2003′s third and fourth quarters came in at 5.85%.

Health Care

News                                                                                                                             
CNN Money | Obamacare premiums: Going up unless you shop
Multiple experts have sliced and diced the Obamacare health insurance offerings for 2015, and most, if not all, have found that premiums are rising, on average. They used different criteria for measuring premium changes.

Econ Comments & Analysis                                                                                            
Forbes | Obamacare's Three-Legged Stool Of Deception Regarding Employer Health Plans
Anyone who has listened to the Gruber tapes has heard Prof. Gruber’s repeated references to the “three-legged stool” that forms the core of Obamacare.

Monetary

Econ Comments & Analysis                                                                                            
Market Watch | Federal Reserve relies on misleading indicators
When it decides whether and when to raise interest rates, the Federal Reserve will be watching two numbers very closely: the rates of unemployment and inflation. A sizable drop in the jobless rate from present levels would be a sign that higher rates are nigh; the same would be true if the rate of inflation should accelerate.

Taxes

Econ Comments & Analysis                                                                                            
Forbes | 'Fair Share?' The Typical Beneficiary Of Obama's Illegal Immigration Plan Won't Pay Net Income Taxes
On Thursday evening, President Obama unveiled his plan to offer legal status to approximately 5 million undocumented aliens.

Employment

Econ Comments & Analysis                                                                                            
Real Clear Markets | OUR Walmart Is 100% Union, 0% WMT
This Black Friday, the start of the Christmas holiday shopping season, the United Food and Commercial Workers will be leading demonstrations at 1,600 Walmarts all over the country, demanding that Walmart pay an hourly minimum wage of $15.
Forbes | Free To Choose: The Case For Right-To-Work
Emboldened by the political survival of Wisconsin Governor Scott Walker, who successfully curbed his state’s ravenous public-sector unions, conservatives across the country are looking to ride their 2014 election victory towards more labor reform.

Monday, November 24, 2014

General Economics

News                                                                                                                             
Wall Street Journal | What Big Economies Got Right, or Wrong, After Crisis
The divergent policy paths taken by the world’s advanced economies provide lessons for global leaders navigating difficult post-crisis environments.
Market Watch | U.S., global business confidence slumps
U.S. and global business confidence slumped in the third quarter, according to a survey of business executives released Sunday.
Market Watch | U.S. economy on course for steady growth
The economy has zigged and zagged repeatedly since exiting recession in 2009, but now it finally appears to be charting a steady course forward.
Market Watch | Economic growth moderates in October, Chicago Fed national activity index shows
Economic growth moderated in October, according to the Chicago Fed national activity index released Monday.