News
Market Watch | Japan’s industrial output soft in June
Japan’s jobless rate ticked higher in June and industrial output was softer than expected, while consumer prices rose less than forecast, according to data released Friday.
WSJ | Little to Smile About With Growth Outlook
Macroeconomic Advisers estimates real GDP grew at just a 1.3% annualized rate. Capital Economics, which is on the higher end, expects growth of just 2.3%. This follows a similarly disappointing 1.8% growth pace in the first three months of the year.
Market Watch | ‘Great Recession’ even deeper than thought
The U.S. recession was even deeper than previously thought, a new government report showed on Friday.
Bloomberg | Crude Oil Tumbles, Heads for Weekly Decline, on U.S. Debt-Ceiling Dispute
Crude Oil Tumbles, Heads for Weekly Decline, on U.S. Debt-Ceiling Dispute.
Market Watch | You have saved enough for retirement — maybe
There’s a lot of worrisome news lately. Let’s take a moment to focus on something verging on optimistic: According to a new report, the retirement-savings crisis is not as bad as you thought. It turns out that plenty of people have enough money to enjoy a long and well-funded retirement.
CNN: Money | EOG's big gamble on shale oil
It was the winter of 2006, and EOG Resources executive vice president Kurt Doerr had to be wondering what the heck he was doing prospecting for oil in the frigid central plains of North Dakota. Sure, wildcatters had been pumping modest amounts of crude out there for decades. However, nobody had ever found a true gusher, and the timing seemed odd given that EOG's core business -- drilling for natural gas, not oil -- was absolutely booming.
Econ Comments
Pittsburgh Live | Not so simple
Millions of entrepreneurs daily anticipate what consumers want -- and try to outguess each other in the competition to anticipate correctly. Countless investors, business executives, labor-union officials -- just like consumers and entrepreneurs -- attempt to promote their self-interest in a world of innovation, change and, hence, uncertainty.
RCM | The Failure of Central Planning Lite
The failure of Central Planning Lite cannot just be attributed to incompetence or politicization, to shovel-ready jobs that are not shovel-ready, or bailouts organized as favors to political pressure groups.
Washington Times | VERSACE: Figures show economic recovery remains elusive
There are a number of reasons that trace back to uncertainty, whether it be about the strength of the domestic economic recovery, European debt woes, the impact of whatever debt-ceiling and deficit deal brings. With that and more weighing on job creation, the reality is head count reductions are once again back in vogue.
Washington Times | LAMBRO: Economy weakening week after week
The American economy, for some inexplicable reason, has been pushed to the sidelines in the fierce debate over a fiscal crisis that threatens to shut down much of the government.
Blogs
WSJ: Real Time Economics | What Happens to U.S. Companies’ Ratings if Treasury Debt Is Downgraded?.
A reader asks a good question prompted by today’s Capital column on the impact of a downgrade of the U.S. Treasury debt by Standard & Poor’s: If the U.S. loses its AAA rating, will U.S. companies automatically be downgraded too?
WSJ: Real Time Economics | Kansas-City-Area Manufacturing Slows Sharply.
The Kansas City Fed’s manufacturing composite index — an average of the indexes covering production, new orders, employment, delivery times and raw-materials inventories — plunged to 3 this month after jumping to 14 in the month prior. Readings above zero denote expansion.
Heritage Foundation | VIDEO: Growing Red Tape Threatens Economic Growth
As the economy continues to struggle, a new report highlights ways the government may be making things worse by imposing bigger burdens on business. Our new video breaks down the facts and highlights the impact of this creeping government red tape.
