News
Fox News | Economies around the world are growing more slowly
From the United States to Europe and even booming China, the global economy is showing signs of strain. Most majore economies are expected to keep growing. But evidence is mounting that many aroung the world are struggling to expand as fast as they did last year.
CNN: Money | Internet economy: Bigger than Canada
A group of researchers is trying to put a value on the Internet's contribution to the global economy -- and they think it's larger than the entire economies of Canada or Spain.
Fox News | GOP repackages agenda
Top House Republicnas called for tax reform an easing of government regulations and increased domestic energy production on Thursday in what officials said was an attempt to show that spending cuts are not their sole emphasis for creating jobs.
WSJ | The 'Real' Truth About Consumer Spending
The Commerce Department reports Friday on consumer income and spending for April. Income is seen rising 0.4% with spending up 0.5% month on month. Both numbers are one-tenth of a percentage point below March gains. On the surface, that doesn't seem too bad.
National Journal | Corporate Profits Still Climbing
Despite slowing growth and Wall Street dip, U.S. companies enjoyed a record harvest in the first quarter.
WSJ | Mortgage Rate Falls to 2011 Low
Home-mortgage interest rates fell last week to the lowest point of 2011 amid signs of a slowing economy, according to the latest survey from Freddie Mac.
Bloomberg | Crude Heads for Weekly Gain; JPMorgan Sees OPEC Quota Increase
Crude rose as much as 0.8 percent after Group of Eight leaders said the world economy is gaining strength and as a weakening dollar boosted the appeal of commodities. Futures narrowed their gains after a report showed European confidence in the economy weakened for a third straight month in May.
Econ Comments
Bloomberg | Group of Eight Leaders Say Stronger Growth to Shift Focus to Cutting Debt
Europe vowed to fight its fiscal woes with “determination,” while President Barack Obama promised a “clear and credible” U.S. deficit-reduction strategy. Japan was allowed to put off savings measures until its economy rebounds from the March earthquake and tsunami.
Barron's | Fire Your Hedge Fund, Hire Your Congressman
House members outperform the stock market, though not as much as Senators, study finds. The ultimate insiders?
Bloomberg | Carter: Economic Stagnation Explained, at 30,000 Feet
The man in the aisle seat is trying to tell me why he refuses to hire anybody. His business is successful, he says, as the 737 cruises smoothly eastward. Demand for his product is up. But he still won’t hire.
Blogs
Cato@Liberty | Don’t Cut Red Tape, Shut Down the Factory
“Cutting government waste” is the mantra for those politicians who regard certain government programs as sacred cows. President Obama hopes to pay for a sizeable part of his health care overhaul by eliminating “waste, fraud, and abuse” in Medicare.
Ludwig von Mises Institute | Out of Business
The last few years as an executive in a manufacturing company gave me a frighteningly close look at the inner workings of regulators in our government. Maybe I'm just naïve, but what I discovered was shocking.
