News
Daily Finance | Battered Bank of America Drops Debit Card Fee Plan
Since the Bank of America announced the $5 monthly fee on Sept. 28, some customers fled the bank, saying it was one fee too many. The financial institution said it does not break out numbers for total accounts closed by the month, a spokesperson said.
WSJ | Greek Premier Faces Revolt
Fears of Political Chaos Tank Global Markets as Europe's Bailout Plan Teeters.
Market Watch | U.S. manufacturing growth slows in October
ISM business index paints mixed picture of factory activity.
Daily Finance | Who Says the Worst Is Over? Financial Security Index Dips Again
Bankrate.com's monthly Financial Security Index fell from 93.9 to 92.8 in October, its second lowest level this year. According to Bankrate.com, anything below 100 is a clue that in general, people are feeling less financially secure compared to 12 months ago.
Econ Comments
RCM | Draining Banks Of Cash Is a Fool's Errand
All banks, whatever their size, have in fact been victims of political conditions created by Democratic politicians now supporting Occupy Wall Street.
Washington Times | STIVERS: Correcting Dodd-Frank
Congress needs to unwind red tape that threatens manufacturing jobs.
Politico | Bill Clinton: Fixing housing crisis helps add jobs
With President Barack Obama and Congress deadlocked over fixes for the ailing economy, Bill Clinton and a few other veteran pols are offering their own two bits of advice.
RCM | The European Mess: How We Got Here
The financial crisis in Europe seems very complex, but we understand that how it comes out will have important and perhaps painful consequences for Americans as well as Europeans.
Washington Times | LAMBRO: Shining spotlight on solar panel bankruptcy
Email releases chronicle the unfolding Solyndra debacle.
CNN: Money | The Eurozone crisis will not go away until banks face reality
European regulators have turned risk assessment into an insider's game where the bankers are calling the shots.
Blogs
Political Calculations | Projecting Fourth Quarter 2011's GDP
Using the advance GDP estimate for the third quarter of 2011, which will be revised at least twice more before being "finalized" (pending later revisions), we can reasonably project that the inflation-adjusted value of U.S. GDP for the fourth quarter of 2011 to be between $13,275.3 and $13,556.7 billion.
AEI: American | Shining more light on income inequality myths
Are U.S. incomes more unequal today than they were a generation ago? Sure—as is true of advanced economies generally—but not to the extent CDO argue when you factor differing inflation rates between income groups and household composition.
Atlantic: Megan McArdle | Will the Greece Referendum Send the Eurozone Spiralling?
don't see this ending well. Hell, I haven't seen it ending well for a long time. Greece needs to get out of its currency union with a bunch of inflation-obsessed Germans, and out from under its obviously unsustainable pile of debt.
Reports
NBER | Corporate Acquisitions, Diversification, and the Firm's Lifecycle
Lifecycle theories of mergers and diversification predict that firms make acquisitions and diversify when their internal growth opportunities become exhausted. Free cash flow theories make similar predictions.
