News
CNN Money | Manufacturers to banks: We need money now
American manufacturers say business is booming again, but many are complaining that banks aren't lending them money to ramp up production.
CNN Money | Obama administration tightens fracking rules
The Obama administration tightened rules on hydraulic fracturing Friday, requiring the disclosure of chemicals used in the process when done on federal and American Indian lands.
Bloomberg | No Repeating Slowdown Seen by U.S. With Banks to Housing
The smallest gain in U.S. payrolls in six months need not presage the kind of slowdown that bedeviled the world’s largest economy for the past two years.
CNN Money | Why Obama can't match the Reagan recovery
April's jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
Econ Comments & Analysis
CBO | How Would Proposed Fuel Economy Standards Affect the Highway Trust Fund?
A Proposed Rule to Tighten Fuel Economy Standards Would Gradually Decrease Fuel Consumption, Eventually Reducing Revenues from the Gasoline Tax by 21 Percent in 2040
CRS | Interest Rates on Subsidized Stafford Loans to Undergraduate Students
In the 112th Congress, proposals have been made to reduce the interest rate applicable to Subsidized Stafford Loans that will be made to undergraduate students during AY2012-2013 from 6.8% to 3.4%.
Washington Times | Scaring away investors
A lot of money is about to leave the United States. Because of a few rogue bureau crats at the Internal Revenue Service (IRS) acting without congressional authority, American financial institutions can expect to see a massive outflow of foreign capital next year.
WSJ | 'Paycheck Fairness' Will Mean a Pay Cut for Men
Team Obama calculates that its road to victory is paved with the votes of women, so the American people are now subject to a coordinated effort to cast GOP opposition to expanding government power as an assault on the weaker sex. But few women view public policy as a battle between the sexes.
Forbes | Gross Domestic Product Worship Strangles Real Economic Growth
The recent report on 1st quarter U.S. GDP achieved something rare in the commentariat today: broad consensus that the economy is struggling. Of course it’s when consensus reveals itself that wise readers should be skeptical.
NY Times | Never Mind Europe. Worry About India.
The economic slowdown in India is one of the world’s biggest economic stories, but it is commanding only a modicum of attention in the United States.
WSJ | Don't Worry (About GDP), Be Happy
In recent years, numerous experts have declaimed that the gross domestic product is a flawed measure of whether citizens are truly thriving. President Obama's designee for World Bank president, Jim Yong Kim, for example, warned that "the quest for growth in GDP and corporate profits has in fact worsened the lives of millions of women and men."
Blogs
Politico | Biden: Economy on 'steady path' to recovery
Vice President Joe Biden is defending the Obama administration's record on jobs, saying the country is on a "steady path" to recovery, despite unemployment numbers Friday that show the economy last month only added 115,000 jobs.
Calculated Risk | Unofficial Problem Bank list declines to 925 Institutions
The removals lower the institution list count to 925 with assets of $361.1 billion. A year-ago, the list held 983 institutions with assets of $422.2 billion.
The Atlantic | Why Economies Boom
One of the major schools of thought in macroeconomics rarely makes it into mainstream discussions: Real Business Cycle Theory.
Calculated Risk | Schedule for Week of May 6th
This will be a light week for economic releases. The key economic release is the March trade balance report to be released on Thursday.
The Atlantic | The Recession's Invisible Victim Is Trust
Part of growing up is having the scales fall from your eyes. My parents raised me to be honest, and I think they did a pretty good job of it. Somehow I got the idea that almost everyone else was the same way. A few bad apples, sure. But a whole bunch?
WSJ | Twelve Facts That May Surprise You About the Housing Bust
That’s the implication of a new paper from economists at the Federal Reserve Banks of Atlanta and Boston that’s bound to spark debate because, if their premises are correct, it sharply undercuts the justification for much of the new regulation that’s been erected over the past two years.
