News
National Journal | Bernanke Says Volcker Rule Won’t Be Ready for July Deadline
The controversial Volcker Rule, a provision of the 2010 Dodd-Frank financial reform law, will not be ready by the July 21 deadline stipulated in the legislation, Federal Reserve Chairman Ben Bernanke told lawmakers at a House Financial Services Committee hearing on Wednesday.
Market Watch | Economy still hobbled by weak housing, high debts
The weak housing market and high levels of household debt are still holding back the economic recovery, more than four years after the start of the recession and nearly seven years after the housing bubble began to deflate.
Bloomberg | Europe Factory Report Shows Region Trailing as Joblessness Rises: Economy
Euro-area manufacturing shrank for a seventh month and unemployment rose to the highest in more than 14 years, stoking concern that the regional economy may struggle even as global growth improves.
Market Watch | Wage gains lift incomes by 0.3% in January
Americans dipped into their savings slightly to keep buying goods in January as incomes continued to advance.
USA Today | U.S. exported more gasoline than imported last year
For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today.
CNN Money | Foreclosures made up one in four home sales
Homes in some stage of foreclosure accounted for nearly one in four homes sales during the fourth quarter, according to RealtyTrac.
Econ Comments & Analysis
CRS | The Eurozone Crisis: Overview and Issues for Congress
What started as a debt crisis in Greece in late 2009 has evolved into a broader economic crisis in the Eurozone that threatens economic stability in Europe and beyond. Some analysts view the Eurozone crisis as the biggest potential threat to the U.S. economic recovery.
National Journal | Bernanke: Mild Downturn in Europe Won’t Threaten U.S. Recovery
The U.S. economic recovery should not be affected by the sovereign debt crisis across the Atlantic so long as Europeans continue to muddle through their problems, Federal Reserve Chairman Ben Bernanke said Wednesday.
WSJ | Restarting the U.S. Capital Machine
For decades, emerging global companies that wanted to access capital had few choices but to come to America. Our markets were the most liquid, low-cost, fair and stable in the world. That's changed.
Politico | Presidential lesson on economics, gas prices
Obama’s fixation on government-driven green energy — which doesn’t come close to being competitive now — has cost the nation potential growth.
CATO | Barack Obama: The Anti Economic Growth President
For several hundred years, a consensus developed in Western nations that economic growth — human progress — is a good thing. But now economic growth is under attack.
Blogs
Daily Capitalist | GDP For 2011 Revised Upward to 3.0% — Is It Real?
This revision to the prior month’s report does not reflect actual changes in the economy, but rather another month’s improvement in the BEA’s understanding of what was happening in the prior quarter.
Political Calculations | The Rising Unaffordability of a College Education
We see that the average cost of tuition and required fees at a four-year institution has risen from $1,218 in the 1976-1977 school year to $12,467 through the 2009-2010 school year.
