News
NY Times | Bleak Portrait of Poverty Is Off the Mark, Experts Say
When the Census Bureau said in September that the number of poor Americans had soared by 10 million to rates rarely seen in four decades, commentators called the report “shocking” and “bleak.” Most poverty experts would add another description: “flawed.”
CNN: Money | G20 agree to 'action plan' for global economy
The leaders of the world's most powerful economies have agreed on an "action plan" to boost economic growth and strengthen the global financial system, according to an official statement from the Group of 20.
WSJ | China Singled Out for Cyberspying
U.S. Intelligence Report Labels Chinese 'Most Active' in Economic Espionage; Russia Also Named.
Econ Comments
Bloomberg | Baum: You Can’t Fix a Burst Bubble With More Hot Air
It’s almost six years since the air started to leak, then gush, out of the U.S. housing market, and the best one can say is that residential real estate is bouncing along the bottom.
Washington Post | The world economy is adrift
The 2007-09 financial crisis, having started in the United States, discredited American ideas and competence. The sluggish economy, heavy government debts and constant partisan haggling sap the nation’s financial power and political will to aid others.
RCM | The Consumer Is Back, But In the Wrong Place?
For now we will ignore the alarmingly large 1.7% decline in real disposable personal income and the obvious slowing of GDP when viewing the numbers year-over-year to simply focus on how these headline numbers might fit into the basic ideas of a recovery and a healthy economic system.
Blogs
Minyanville | Why the MF Global Crisis Matters More Than You Think: 3 Key Lessons
The fall of MF Global doesn't portend doom for the global economy -- at least not yet -- but there are three key lessons that we can learn from it.
Daily Capitalist | Capitalism: Death By A Thousand Cuts
Capitalism died when they decided to subsidize railroads for the sake of national prestige in the mid 19th century.
AEI: The American | Do government innovation policies actually work?
Does all the federal government funding for research and development, direct and indirect subsidies, tax credits and other tax benefits, such as deductibility of research expenses, actually boost economic growth and American prosperity?
Daily Capitalist | Consumers Most Pessimistic Since Recession Bottom
Consumer confidence declined last week to its lowest level since the depths of the recession in the first quarter of 2009.
Econlog | Quote I Will Use Often
Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.
Marginal Revolution | Should redistributionists feel compelled to give more of their own money away?
There are plenty of redistributionist goals which do not require concerted collective action or threshold levels of contribution. One person’s giving can make a big difference, especially if that person is wealthy.
