News
CNN Money | Gas prices: 'Most expensive February ever'
Gas prices jumped 6 cents overnight, as the recent spike in oil prices begins to hit filling stations across America.
Fox News | Freddie Mac posts $1.7B loss for Q4
Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid — up from the $100 million it sought in the previous quarter.
CNN Money | Economy faces new threats
Just when the U.S. economy seemed to be getting its footing, a number of new obstacles risk tripping it up.
Fox News | Gov. Scott Rejects Revised Florida High-Speed Rail Plan
Despite assurances from the federal government that Florida would not be at financial or legal peril, Gov. Rick Scott on Thursday rejected a revised $2.4 billion offer to build a high-speed rail system between Tampa and Orlando.
CNN Money | GDP report: Economic growth revised sharply lower
Budget cuts by state and local governments hurt the economy more than originally thought, according to a government release Friday.
The Economist | Taiwan's commonsense consensus
Economic integration with China is not doing what China hoped and the opposition feared
Econ Comments
WSJ | The Truth About U.S. Manufacturing
The average American factory worker today is responsible for more than $180,000 of annual output, triple the $60,000 in 1972.
Reason Foundation | 4th Quarter Shows Strong Demand Growth
Revised GDP numbers for the fourth quarter of 2010 were released by the Bureau of Economic Analysis today, showing the economy grew at an annual rate of 2.8 percent, slightly lower than the previous estimate of 3.2 percent. That's not great news, but buried in the data are continued signs that demand is strengthening.
Blogs
AEI: The American | More Equity, Less Government: Rethinking Bank Regulation
What would Milton Friedman and Adam Smith have thought of the Dodd-Frank Act?
CSM: Stefan Karlsson's Blog | Why the uprising in Libya will affect the world economy
Libya is a big oil exporter, and if exports are cut off, the price of oil will increase.
The Economist: Free Exchange | A disappointing day
The Ameriacn and British GDP data came out.
Café Hayek | Don’t follow the money
One of the arguments of the buy local movement is that buying local “keeps the money in the community.” This seems like a good idea but it’s a red herring that misleads.
The Economist: Daily Chart | Relying on Libya
Which countries depend most on Libyan oil?
Reports
Heritage Foundation | Housing Finance Reform: No Need for a New Fannie Mae and Freddie Mac
Given the task of producing a plan to develop a new housing finance system in light of the 2008 crisis and the failure of both Fannie Mae and Freddie Mac—a task that everyone agrees will be extremely complex—the Obama Administration decided to punt. Rather than one detailed plan, it produced brief summaries of three very different ones, leaving the nation to wonder what the Administration really wants.
