News
Washington Times | Home prices dropped in November in most U.S. cities
Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor’s/Case-Shiller home-price index released Tuesday.
WSJ | Contraction Threat Clouds Euro Zone
New economic data brought more signs that the euro-zone economy contracted at the end of last year, with December consumer spending in the currency area's two largest economies dropping sharply and unemployment staying elevated throughout the region.
Econ Comments & Analysis
CATO | No More Bipartisan Bailouts
One of the few lines in President Obama’s State of the Union address that actually received bipartisan applause was his vow of “no bailouts, no handouts, and no cop outs.
Bloomberg | Obama Plans Assistance for Rentals, Refis
President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to help more borrowers take advantage of historically low mortgage interest rates, the White House said today.
Washington Times | Clean-energy hostages
“Let the fossil fuels go, or the wind industry gets it in the wallet.” That’s the threat congressional Republicans need to convey to their colleagues across the aisle to stop the Obama war against fossil fuels.
WSJ | Price Controls for Harvard?
In his State of the Union address last week, President Obama said he wants the federal government to assert control over the rapidly rising cost of college tuition. His objective is to force all schools receiving federal aid—which is nearly all of them—to justify their tuition increases or lose the aid. Where to begin?
Washington Times | Low scores for Obama economy
The Republicans’ presidential primary slugfest has all of our attention right now, but the general election race is really the more interesting story.
WSJ | Class Warfare
The House votes today on repealing one of the Affordable Care Act's major new subsidy programs, and the referendum deserves more attention than it will probably get.
Washington Times | Obama risks trade war with China
President Obama indicated that he’s willing to risk a trade war with China, possibly leading to a swift closure of new markets for U.S. goods and services - the exact opposite of his stated goal.
Blogs
Daily Capitalist | Income And Spending Slowed To A Crawl In 2011
After all the hype about the great holiday season for retailers, the data just came in saying that personal consumption expenditures were actually flat for December, actually real PCE went down 0.1%.
Political Calculations | The Millionaire Decay Function
Did you know that the most downwardly mobile members of society are millionaires? It's true, and what's more, we have the data and math to prove it!
