News
National Journal | Moody’s Bank Downgrade Elevates Dodd-Frank
The rationale Moody’s gave for the ratings changes was more an evaluation of whether the financial-reform law has lived up to its goals than it was a reflection of changing fundamentals at the institutions.
WSJ | Select Cities See Brain Gain
Metro Areas With High Education and Income Levels Widen Lead, Census Finds.
Market Watch | Sales of existing homes surge 7.7% in August
Sales of existing homes climbed 7.7% to a five-month high in August, as previously delayed deals closed, prices fell and rents rose, according to data released Wednesday.
CNN: Money | Big bank bailouts less likely. Thanks Dodd-Frank!
When Moody's downgraded three banks on Wednesday, it gave a big thumbs up to the Dodd-Frank Wall Street reforms that aim to ensure there won't be any more big bank bailouts.
WSJ | Home Forecast Calls for Pain
Prices to Stumble Through 2015, Economists Say, Weighing Down Recovery.
Washington Times | Recession’s aftershocks take toll on middle class
Years after the recession’s peak, its effects caught up to middle-class residents initially insulated from its wrath.
Econ Comments
Daily Caller | The president’s road to nowhere
The president seemed unaware that private companies and entrepreneurs, rather than government, have provided much of America’s infrastructure. And they could do so again, rather than asking our cash-strapped governments — and tapped-out taxpayers — to foot the bill.
Washington Times | ELLIG: Regulatory reform should be Job 1
Better attention to diagnosing problems would produce more effective solutions.
WSJ | The Anti-Solyndras
Smaller, growing firms need to be freed from Sarbox's burdens.
Daily Caller | Time to try a free-market energy policy
The consequences of huge subsidies to shift natural gas into the transportation sector are easy to foresee — especially if the EPA succeeds in its efforts to greatly curb natural gas production through restriction on fracking and other burdensome regulations.
WSJ | The Education Our Economy Needs
We lag in science, but students' historical illiteracy hurts our politics and our businesses.
AEI | What “Developing” Countries Can Teach the US
Today we've been seeing enormous growth in what we have been accustomed to call "developing" countries. They have been growing nearly four times faster than "developed" countries and they account for nearly half of total global investment and global economic growth today.
Forbes | Removing "Dismal" From Dismal Median Household Income Statistics
These are mean times for median incomes. Depending on which gloomy news story you’re reading, it turns out that U.S. incomes have stagnated over the last three years.
Blogs
WSJ: Real Time Economics | Economists React: ‘Strongest Sign’ of Europe Double Dip
Financial data company Markit said its preliminary survey of purchasing managers in the 17-nation euro zone fell into contraction territory – a reading below 50 – this month, marking the first reading in contraction territory since the euro zone climbed out of recession in the third quarter of 2009, and raising new fears of a double-dip.
Minyanville | What Happens When the Wealthy Become Price-Conscious?
Increasingly, organizations are not only looking to the wealthy for opportunity, but for outright survival.
Cato @ Liberty | The Right Way to ‘Enforce’ Trade Agreements
On Tuesday, the Office of the U.S. Trade Representative launched a formal dispute at the World Trade Organization over China’s imposition of antidumping and countervailing duties on U.S. exports of chicken broilers.
Daily Capitalist | Why I’m An Austrian In Economics
The financial crisis has led many people to doubt the merits of free markets and a liberal economic regime.
Reports
RCM: Wells Fargo | “Operation Twist” Gets Underway
The Fed’s intent is to bring down long-term interest rates even further and, hopefully, to spur more borrowing.
