News
WSJ | New Rules Limit Coal Plants
The Obama administration on Tuesday announced long-awaited rules to limit carbon-dioxide emissions from new power plants that will effectively block the construction of new coal-burning plants and make natural gas even more attractive as a fuel for generating electricity.
CNN Money | Home prices fall to 2002 levels
The housing market started the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.
Bloomberg | Europeans See Crisis Near End, Bernanke Warns on Recovery
European leaders signaled rising confidence that their region’s crisis is near an end, while Federal Reserve Chairman Ben S. Bernanke warned that a U.S. recovery isn’t assured.
CNN Money | Small biz bill goes to Obama after House OK
The House on Tuesday passed a bill making it easier for more companies to become publicly traded by bypassing audits and disclosures now required for investors.
National Journal | Analysts Fear Impact of Volcker Rule on Oil and Gas Development, Prices
The Volcker rule, a financial regulation set to be implemented as part the 2010 Wall Street reform law, could have the inadvertent effects of reducing U.S. oil and gas production, raising electricity rates and gasoline prices, and contributing to a future of volatile energy price spikes
Econ Comments & Analysis
Investors | Success In America A Matter Of Hard Work, Not Luck
The fact is that, except for those very few whose wealth is overwhelmingly or entirely inherited, the more affluent have usually worked harder than the less affluent.
Politico | Streamline the federal government
We are living and competing in a 21st-century economy, while struggling with a 20th-century bureaucracy. Over many years and several administrations, the federal government has added new programs, offices and agencies. Rarely have we seen departments or agencies downsized, much less eliminated.
NBER | Does Shareholder Proxy Access Improve Firm Value? Evidence from the Business Roundtable Challenge
We use the Business Roundtable’s challenge to the SEC’s 2010 proxy access rule as a natural experiment to measure the value of shareholder proxy access.
Blogs
Think Markets | Too Big to Fail – Again
The issue of banks viewed as too big to fail has been taken up several times on this site. In its Annual Report, the Federal Reserve Bank of Dallas has weighed in on the topic
WSJ | Bernanke Tells ABC Economic Recovery Has ‘Long Way To Go’
“It’s far too early to declare victory,” Bernanke said in an interview with ABC’s Diane Sawyer, according to a transcript of the interview to be aired Tuesday night on “World News.”
CATO | Obama’s Energy Repackaging: Not the Problem but Not the Solution Either
A too little-noted aspect of Obama rhetoric is the incessant repetition of outlandish claims. Energy is a major example. He repeats so often that reiteration of the defects is desirable.
