News
Market Watch | Tight budgets boost house-sharing
These aren’t just friends turned roommates. Couples, multigenerational families and people with no relationship to each other are joining the growing ranks of those who are in “doubled-up” households.
Politico | Chipping away at farmer payments
Left at the barn door, farm bill negotiators must now decide what can be salvaged from the supercommittee’s wreckage as they shift their focus toward producing their own stand-alone legislation before the current authorization bill expires next September.
CNBC | China Property Dip Sparks Bank Fears
The number of property transactions in China’s largest cities has fallen to dangerously low levels, according to regulatory documents obtained by the Financial Times.
Investors.com | Democrat Denial Of Impact Of Regulations On Economy Holds Back Robust U.S. Recovery
Brandishing misleading employer survey data, Senate leader Harry Reid claims there isn't "a single shred of evidence" regulations cause big economic harm. Even President Obama disagrees.
Econ Comments
CNN: Money | U.S. credit rating faces new scrutiny
The sovereign credit rating of the United States is under review by Fitch Ratings after a Congressional super committee failed to reach agreement on reducing the nation's budget deficit.
Blogs
Calculated Risk | Richmond Fed: Manufacturing activity stabilized in November
Manufacturing activity in the central Atlantic region stabilized in November following four months of contraction, according to the Richmond Fed's latest survey.
Café Hayek | Free the Market. Save Lives
The prohibition on human-kidney sales is a perfect example of uncompensated third-party harms – negative externalities – inflicted on innocent people by political decision-making.
WSJ: Real Time Economics | U.S. Could Be Facing Another Year of Uncertainty
It was a long shot to begin with. When the supercommittee was formed, the hope was that the 12 congressional members could defy long odds and come up with a creditable plan to cut the federal deficit over the next 10 years in order for the U.S. to avoid the chaos now going on in the euro zone.
WSJ: Real Time Economics | Consumers May Be Spending More, but They’re Not Happy About It
Consumers are spending more this year, but that doesn’t mean they’re happy about it.
