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Wednesday, May 25, 2011

General Economics

News                                                                                                                             
Bloomberg | Durable Goods Orders Fall the Most in 6 Months
Orders for U.S. durable goods dropped more than forecast in April, reflecting a slump in aircraft demand and disruptions in supplies of auto parts stemming from the earthquake in Japan.
CNN Money | Oil is going up! No wait, down! Up!
Goldman's economists hinted in a report over the weekend that the firm's commodity team might soon boost its forecast for oil prices.
NY Times | Recession Slows Migration, Census Finds
Domestic migration last year reached its lowest level since the government began tracking it in the 1940s, the Census Bureau said, as the lingering effects of the recession continued to curb Americans’ mobility.

Econ Comments                                                                                                             
Washington Times | SHUGHART: Obama’s schizo energy policy
Counterproductive approach to oil production.
Daily Caller | Free trade agreements would jumpstart jobs
The longer the United States waits, the more market share U.S. manufacturers will lose to overseas competitors.
WSJ | Holding Mrs. Warren Accountable
The consumer financial czar doth protest too much.
Washington Times | MILLER: Obama’s $20 billion mortgage shakedown
Consumers to pay the bill for upside-down house loans.

Reports                                                                                                                         
Mercatus Center | Who's Watching the Watchmen?
Testimony before the House Committee on Oversight and Government Relations, Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs.