News
Market Watch | Bank regulators move toward Volcker rule
Bank regulators on Tuesday introduced the controversial Volcker rule, a measure that could cost big banks billions of dollars and force them to stick with a wide variety of trades for at least two months.
Bloomberg | U.S. Senate Shelves Obama’s $447B Job Plan
President Barack Obama’s drive to enact a $447 billion jobs plan was derailed by the U.S. Senate, falling short of the 60 votes needed to advance what he has proposed to revive a faltering economy.
Bloomberg | Manufacturers See Less U.S. Recession Risk
The U.S. manufacturing industry rebounded in September from its lowest level since December 2009, helping to defy concerns about a double-dip recession.
WSJ | Behind Scenes, Battle for Face Time As Regulators Craft Rule's Wording
Tuesday's announcement of the proposed Volcker rule came after months of meetings and letter-writing aimed at U.S. regulators. Now comes yet another burst of arm-twisting before the final rule is announced next year.
Econ Comments
Washington Times | WOLF: Barack Obama’s remedial math lesson
Class warfare just doesn’t add up.
WSJ | Wall Street's Gullible Occupiers
The protesters have been sold a bill of goods. Reckless government policies, not private greed, brought about the housing bubble and resulting financial crisis.
WSJ | Is China's Economy Headed for Trouble?
A double-dip recession abroad is the only serious threat.
Washington Times | LAMBRO: Grading Obama by the numbers
There is no real plan to fix our economy before the election.
WSJ | Government vs. EPA
A U.S. agency, governors and attorneys general fight an EPA rule.
Blogs
Atlantic: Megan McArdle | Why Don't Congressmen Have Better Financial Oversight?
That's why we don't rely on the sterling integrity of private actors. We rely on transparency and sanctions for those we catch. Why should our legislators be above the law?
WSJ: Real Time Economics | Vital Signs: Falling Global Activity
An index of world economic activity is pointing down. The Organization for Economic Cooperation and Development’s indicator of economic activity in its 34 member nations fell to 100.8 in August from 101.4 in July.
Volokh Conspiracy | The Basic Law and Economics of The Durbin Amendment
After a couple of posts on the Durbin Amendment, it has become clear that not everyone has read and familiarized themselves with the Durbin Amendment. So if I may, allow me to lay out a few basic principles:
Café Hayek | The evidence for Keynesian economics
Does Krugman really believe that you can’t have high interest rates when there is high unemployment. The stagflation of the 1970s when there was high unemployment with high interest rates is one reason Keynesian went into disrepute.
Minyanville | New Free Trade Deals Are Finally Here
Pacts with Colombia, Panama, and South Korea head for approval, Germany woos Vietnam as a trade partner, and KFC expands in Africa, in this week's look at CIVETS emerging economies.
