News
Bloomberg | Panel Sees Odds of U.S. Recession Rising
The two-year-old U.S. recovery’s staying power may be diminishing as consumers and the government pare spending, say five of the nine economists on the academic panel that dates recessions.
National Journal | Moody's: U.S. to Keep its AAA Rating
The agency said that the Budget Control Act, which President Obama signed into law on Tuesday afternoon, provides for the "long-term fiscal consolidation needed to maintain the U.S. government debt metrics within Aaa parameters over the long run."
Bloomberg | Shipping Boom Seen for U.S. Ports Catering to Japan Needs: Freight Markets
“Demand will start to pick up in the second half and it will probably last for a year or two,” said Hakan Ekstrom, president of Wood Resources International. “Weyerhaeuser, since they are a huge company and they have long, long relations with Japanese companies, will benefit.”
Fox News |
Energy in America: New Liquid Fuel Faster, More Efficient -- and Greener, Too
With a little help from genetic engineering, researchers at one Massachusetts company say they've created an organism that takes sunlight, water and carbon dioxide and creates liquid fuel.
WSJ | Consumer Pullback Slows Recovery .
With consumers slowing spending on everything from restaurants to tax-preparation services, economists have begun downgrading forecasts for faster growth in the second half.
NYT | AAA Rating Is a Rarity in Business
More and more, in fact, companies have found that a AAA credit rating is not something worth aspiring to if a more conservative approach means lower profits.
WSJ | Economic Fears Hit Global Markets
Worries about the global economy rippled through financial markets on Tuesday, driving down share prices from Tokyo to New York and placing new strains on Spanish and Italian bonds.
Econ Comments
WSJ | Another Crisis Wasted
The truth is, we can't bind future presidents and Congresses by telling them what benefits to pay or what resources will be available to pay them. Cutting benefits for those not yet born or far from retirement, as much as this has been the rich world's preferred way of dealing with its fiscal challenges, is a bit of an empty gesture.
Minyanville | Economic Issues Remain in Wake of Debt Resolution
The 11th hour agreement by the US government is unfortunately not where the story ends.
CNN: Money | The U.S. economy needs to break its stimulus habit
Despite what various politicians and experts say, real productivity gains and real economic growth do not come from stimulus.
RCM | Heading For a Double-Dip Recession?
A day after purchasing managers reported an "unexpected" slump in manufacturing, another surprise report shows consumer spending falling for the first time in nearly two years. Double dip, anyone?
WSJ | Stimulus Optimists vs. Economic Reality
Financial crises create long periods of slow growth, for which increased spending isn't the solution.
Blogs
WSJ: Real Time Economics | Secondary Sources: Paychecks, Debt Deal, Middle Class Pain.
A roundup of economic news from around the Web.
Atlantic | The 4 Scariest Economic Graphs I've Seen This Year
This is a remarkable sequence of pictures from Calculated Risk showing that no major economic indicator has returned to its pre-crisis level. In other words, after two years of recovery, not a single key broad measure of the economy has actually recovered.
WSJ: Real Time Economics | Consumer Bankruptcies Drop.
Consumer bankruptcies declined 5% in July, from a month earlier, the latest in a series of signs that the worst of the bankruptcy-filing boom has passed.
