News
NY Times | Obama Tries to Focus on Economic Fears
Mr. Obama is battling increased wariness about his performance regarding the economy. A Washington Post-ABC News poll published this week showed that about 60 percent of those surveyed by phone in a random national sample of 1,002 adults disapproved of Mr. Obama’s handling of the economy and the deficit...
NY Times | Banks Defeated in Senate Vote on Debit Card Fees
The Senate refused Wednesday to delay new rules that would sharply cut the fees that banks can charge retailers to process debit card transactions.
Econ Comments
Investors | There's No Stimulant In Stimulus
The May jobs report was brutal. The jobless rate hit 9.1%, up from 9% in April. Nearly half — 45.1% — of unemployed workers have been without a job for more than six months. Almost one-third have gone jobless for more than a year.
Washington Times | EDITORIAL: Red tape is on a roll
Obama bureaucrats ignore president’s call for regulatory reform.
Financial Times | A Greek crisis of cronyism and corruption
Germany’s plan, reported on Wednesday, to ask Greece to offer its debtholders a seven-year term extension only underlines my country’s economic difficulties.
WSJ | The Hangover, Part III
Another unintended Dodd-Frank consequence.
Blogs
Forbes: Unconventional Logic | President Obama Authors The Economic Recovery That Isn’t
At the end of this month, President Obama’s economic recovery will be two years old. Let’s look at what we can expect in terms of results.
Enterprise Blog | Have Social Security Benefits Really Been Cut by 19 Percent?
Some perspective is needed. First, the 1983 reforms didn’t only reduce benefits; they also increased taxes, by covering newly hired federal workers and non-profit associations, accelerating tax increases already on the books, prohibiting state/local workers from leaving the system, and so on.
