News
WSJ | Biotech Funding Gets Harder to Find
These small, innovative drug companies were once an investment darling, able to secure millions of dollars from venture capitalists and even more later through public offerings. But in recent years, venture financing for biotech has been in decline, due to the tough economic environment and poor returns from stock offerings.
CNN Money | UPS expands its reach with $6.8 billion deal
United Parcel Service is expanding its global reach by agreeing to acquire rival delivery service company TNT Express in a $6.8 billion deal.
Bloomberg | Stevens Sees China Matching U.S. in Decade on 7.5% Growth
China’s lower growth target will still allow one measure of its gross domestic product to exceed the euro area in a few years and match the U.S. economy in a decade, Reserve Bank of Australia Governor Glenn Stevens said.
Econ Comments & Analysis
Market Watch | Fed's Dudley: Economy still faces headwinds
Despite incoming data that suggests the U.S. economy is on firmer footing, it is too soon to say that the U.S. is out of the woods, said William Dudley, the president of the New York Federal Reserve Bank, on Monday.
WSJ | The Corporate Disclosure Assault
Shareholder proxy season is coming up, and along with it a new batch of politicized shareholder resolutions. The underreported story this year is the flowering of a long-planned political campaign intended to stop companies from exercising their free-speech rights to influence government. Corporate directors need to know what they're up against.
Motley Fool | Education Isn't the Slam Dunk Investment It Used to Be
At a time when a college education couldn't be more important to U.S. workers, the return on investment for college is becoming frighteningly low. I'm reminded of this cost every month when I see nearly six figures of student loan debt staring me in the face, and for my younger family members, it looks like the numbers are only getting worse.
WSJ | No Relief in Sight at Pump
U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.
Washington Post | Long-term understanding of the U.S. economic crisis
Four years after the onset of the financial crisis — in March 2008 Bear Stearns was rescued from failure — we still lack a clear understanding of the underlying causes.
Blogs
CATO | DOT Moves to Support Even More Wasteful Transit Projects
The Department of Transportation (DOT) is proposing new rules that would allow it to fund exceedingly wasteful rail transit projects that do nothing to relieve congestion.
Calculated Risk | Schedule for Week of March 18th
The key reports this week are housing related. This includes the NAHB builder confidence survey on Monday, housing starts on Tuesday, existing home sales on Wednesday, and new home sales on Friday.
Greg Mankiw | How to Teach Aggregate Supply Shocks
Nick Rowe has a thoughtful post about his discomfort with teaching shocks to the short-run aggregate supply curve. Larry Ball and I once pondered this topic, which eventually led to this paper.
Heritage Foundation | How the Strategic Petroleum Reserve Affects Gas Prices
What happened to gasoline prices the last time Obama invoked a coordinated release of the Strategic Petroleum Reserve?
Calculated Risk | Unofficial Problem Bank list declines to 952 Institutions
This is an unofficial list of Problem Banks compiled only from public sources.
The American | Why Geithner is wrong to blame the weak recovery on the financial crisis
Don’t blame Obama for the weak economic recovery, blame the financial crisis. That was the message Thursday from U.S. Treasury Secretary Timothy Geithner
