News
CNN Money | G-20 finance chiefs to tackle global imbalances
Financial ministers from G-20 nations head this weekend to Washington, where they will brainstorm a new set of standards to tackle global economic imbalances.
Yahoo | Big Banks are Government Backed: Fed's Hoenig
Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday.
CNN Money | Cotton prices heat up this summer
This summer, shoppers will be paying 10% to 15% more on all cotton products, according to a new industry survey.
Gallup | U.S. Economic Optimism Plummets in March
Confidence drops across income, gender, age, and political party categories
CNN Money | Store sales post slight increase
Store sales rose slightly in March, aided by a surge in furniture and home furnishings, and robust gains in electronics and gasoline sales, the government reported Wednesday.
Econ Comments
Washington Times | KEISER: Baucus vs. free trade
Democrat brandishes pro-trade rhetoric but banishes real trade deals
Reason | A Bankrupt Option
States should not be allowed to file for bankruptcy.
Washington Times | Kagan’s government money grab
Obama team makes feds, not citizens, supreme
WSJ | The Facts About American 'Decline'
In absolute terms, the U.S. increased its GDP, population and military spending from 2000 to 2010. In relative terms, the story is not always as good, especially in GDP.
AEI | President Obama's Flawed Energy Blueprint
Ever since Richard Nixon's call for "energy independence," U.S. Presidents have talked about energy policy, mostly incoherently. Continuing that tradition, President Obama is now crisscrossing the country and giving speeches touting his administration's energy plan, the "Blueprint for Energy Security."
NRO | Make 70 the New 65
There are plenty of reasons to raise the retirement age.
Blogs
Café Hayek | There’s no their there
Using the Census data over time tells you NOTHING about what “they” (the top whatever percent) had happen to “them” over time.
Cato@Liberty | Obama Needs to Look at the Other Side of the Ledger
In his speech this afternoon, President Obama is expected to call for, among other things, an increase in taxes on investors, entrepreneurs, small business owners, and other “rich” people who make over $250,000 a year. The goal, the President claims, is to reduce deficits.
Cato@Liberty | Negotiators Wield the Emery Board against Massive Education Waste
Now that details of the please-no-shutdown budget deal are emerging, at least one thing is clear: Republicans caved on education spending.
Reports
RCM: Wells Fargo | Import Prices Rise Further in March
Recording the sixth consecutive monthly gain above 1.0 percent, total import prices jumped 2.7 percent in March. Large gains were recorded in food and fuel. Export prices also rose substantially on the month.
