News
Bloomberg | Crude Oil Trades Near One-Month Low on Demand Outlook for China and U.S.
Oil traded near the lowest in almost a month as signs of slowing growth in the U.S. and China’s moves to tackle inflation spurred concern fuel demand may falter.
National Journal | Obama Opposes Repealing Ethanol Subsidies
The VEETC is a 45 cents-per-gallon credit of blended gasoline and ethanol. An amendment offered by Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif., would repeal the credit and a 54 cent-per-gallon tariff on imported ethanol. It does not affect the renewable fuels mandate, which requires the country to increase its production of biofuels.
CNN: Money | Retail sales slip for first time in 11 months
Total retail sales slipped 0.2% last month, the Commerce Department reported. The decline broke a winning streak of consecutive monthly gains going back to June 2010. But from a year ago, sales were up 8%.
Fox Business | OECD: Major Economies Seeing Slower Growth
Major economies; with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Tuesday.
Econ Comments
WSJ | The Return of the Population Bomb
When the experts tell you there are too many people, they don't mean too many Swedes.
Washington Times | EDITORIAL: Peak renewables
Real energy pipelines are a better bet than green pipe dreams.
WSJ | Uncertainty Is Not the Problem
It's not the policies we don't know about that are retarding the economy. It's the bad policies we have.
NYT | Nearly a Year After Dodd-Frank
Without strong leaders at the top of the nation’s financial regulatory agencies, the Dodd-Frank financial reform doesn’t have a chance. Whether it is protecting consumers against abusive lending, reforming the mortgage market or reining in too-big-to-fail banks, all require tough and experienced regulators.
WSJ | Food Is Much Safer Than You Think
There are a billion 'eating events' every day in America, yet we rarely get sick.
Washington Times | BLANKLEY: Brother, can you spare a regulation?
If we enter another depression, the likely reason will be new financial rules.
MSN | The coming global financial crisis
Politicians in the US, China and Europe are all postponing tough financial decisions until after next year's elections. But in 2013, we'll have to face the bigger problems.
Blogs
Think Markets | We Told You So
In recent months – or has it been years? – Paul Krugman and Brad DeLong have been saying, in effect, “We told you so – the stimulus was not enough. Look at the sluggish economy and high unemployment rate.”
Reason Foundation | Renters are Fiscally Responsible Too
Like it or not, the American Dream is being redefined before our very eyes. Homeownership has long been held up as a preeminent virtue for every U.S. worker, but in the wake of the housing bubble, more and more households are shifting towards renting—and with good reasons.
Heritage Foundation | Obama Administration (Sort of) Goes to Bat for Free Trade Agreements
The Obama Administration recently made its strongest statement yet in support of free trade agreements. Secretary of State Hillary Clinton commented on the challenges of implementing trade agreements:
Calculated Risk | Small Business Optimism Index decreases in May
The Index of Small Business Optimism fell 0.3 points in May to 90.9. This month marks the third monthly decline in a row.
Fox Business | Government Causes Poverty
I once went around the world to try to answer the question: what makes a nation prosperous? The answer: economic freedom.
