News
Market Watch | Large U.S. firms outpace tepid U.S. growth
Small business needs a customer more than credit or tax breaks.
WSJ | Shoppers Spend More Despite Dreary Outlook
Americans shrugged off deepening gloom about the health of the economy and stepped up their shopping last month, but it's unclear how long they can keep spending without stronger job growth in the months ahead.
Fox Business | NY Fed Manufacturing Contracts in October
The New York Fed's "Empire State" general business conditions index was little changed, up a hair at minus 8.48 from minus 8.82 the month before. Economists polled by Reuters had expected a reading of minus 4.0.
Econ Comments
NY Times | EDITORIAL: Corn-fueled politics
EPA mandate destroys car engines, voids warranties.
Washington Post | Why our children’s future no longer looks so bright
A Pew survey earlier this year found that 48 percent of respondents felt that their children’s living standards would exceed their own. Although that’s down from 61 percent in 2002, it’s on a par with the mid-1990s. But these expectations could be dashed.
Washington Times | EDITORIAL: The income problem
Big-government economic policies are impoverishing America.
Bloomberg | Occupy Wall Street Loves Capitalism’s Pearls: William D. Cohan
It was probably inevitable that the Occupy Wall Street movement would be rife with contradictions. Back on Sept. 15, two days before the first protest began in lower Manhattan, an organizing principle of sorts appeared on the Adbusters website. “Hey President Obama, get ready for our one demand!” the post announced.
WSJ | The Steve Jobs Model for Education Reform
If we can engage a child's imagination, there's no limit to what he or she can learn.
Blogs
Daily Capitalist | Which Country Is No. 1 In Manufacturing?
What you see in the charts is the application of capital in an economy. Our workers are three times more productive than Chinese workers.
Calculated Risk | Schedule for Week of Oct 16th
Three key housing reports will be released this week: October homebuilder confidence on Tuesday, September housing starts on Wednesday, and September existing home sales on Thursday.
TheMoneyIllusion | Varieties of Inequality
I’d like to make some observations about inequality. The various inequalities are not meant to be equally important; indeed I’ve purposely added a few trivial ones for perspective.
Heritage Foundation | Freer Trade, Greater Prosperity
Some critics of free trade say that trade agreements just help the “rich” get richer while making the “poor” poorer, but in fact, free trade benefits everyone.
NRO: The Corner | Who Is Getting Loan Guarantees from DOE?
As you know, the rationale behind the government acting as a venture capitalist in the green business is that if it didn’t, no one would, since these investments are just too risky.
Reports
RCM: Wells Fargo | Weekly Economic & Financial Commentary
Modest Recovery Is Still Under Way.
