News
National Journal | Costs of Libya Operation Already Piling Up
With U.N. coalition forces bombarding Libyan leader Muammar el-Qaddafi from the sea and air, the United States’ part in the operation could ultimately hit several billion dollars -- and require the Pentagon to request emergency funding from Congress to pay for it.
Roll Call | Cantor Outlines Economic Growth Plan in Speech
House Majority Leader Eric Cantor called for sweeping tax reform and a rollback of Obama administration regulations of the business sector during a speech on the economy Monday.
Fox | Japan Expected to Take Up to 5 Years to Rebuild, With History in Its Favor
The Japanese economy has been staggered by an earthquake, a tsunami and a nuclear crisis. But history suggests it will bounce back with no lasting damage.
WSJ | Japan Damage Cost: $300 Billion
Among Costliest Events Ever for Insurance Industry; East Asia Export Concerns
Washington Times | Treasury sees billions in profit on sale of securities
The Treasury Department announced Monday that it will begin selling its remaining $142 billion in holdings of mortgage-backed securities purchased during the financial crisis.
WSJ | Europe Sets Pact on Bailout Fund
European finance ministers sealed a detailed agreement establishing a new bailout fund able to lend €500 billion, or about $710 billion, to troubled euro-zone countries.
Econ Comments
National Review | Q1 Slowdown: Caveat Emptor
We can do a whole lot better.
Barrons | Is the Government's Mortgage Mission Accomplished?
The Treasury announces sale of its MBS holdings while existing home sales plunge.
WSJ | Michigan's War on the Middle Class
That battle was lost long ago—and now the young and talented are leaving.
Washington Times | RAHN: Ignorance makes us poorer
Trade boosts jobs by letting us focus on advantages
Mercatus Center | AT&T/T-Mobile Merger - Spectrum Shortage?
The proposed merger of AT&T with T-Mobile will probably bring the nation a second 4G network faster than it otherwise would have appeared. But Jerry Ellig, Jerry Brito, and Adam Thierer point out that the underlying issue driving the merger is the lack of additional spectrum available for wireless communications.
Blogs
American: Enterprise Blog | Are Federal Policies Toward Small Business Contracting Succeeding?
If the goal is to help historically disadvantaged groups get a larger share of federal dollars, the answer is yes. But if the goal is to encourage federal bureaucracies to shift their contracting dollars from large businesses to small businesses, the answer is no.
The Economist: Free Exchange | Today in financial journalism
Why do you suppose oil is rising? The financial press knows.
Time: Curious Capitalist | T-Mobile's Dropped Call Will Cost You
What's in the proposed AT&T/T-Mobile USA cell phone industry merger for you? Nothing.
Reports
RCM: Wells Fargo | Existing Home Sales Decline In February
Sales of existing homes fell 9.6 percent in February, with declines evident in every region. Distressed sales accounted for 39 percent of all transactions, which pulled median and average home prices lower.
