News
WSJ | Defiant Message From Greece
The head of Greece's radical left party—throwing down a gauntlet that could increase tensions between Greece and its frustrated European creditors—said he sees little chance Europe will cut off funding to the country but that if it does, Athens will stop paying its debts.
Reuters | Analysis: Greeks not alone in bank savings exodus
Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries long ago.
WSJ | Japan's GDP Growth Accelerates on Government Outlays
Japan's economy grew an annualized 4.1% in the January-March quarter as resurgent domestic demand and government spending helped fuel recovery from last year's natural disasters and supply chain disruptions that suppressed growth.
CNN Money | Home buying at most affordable level in decades
Buying a home has reached its most affordable level in more than two decades.
WSJ | Mexico's GDP Exceeds Expectations
Mexico's economic growth accelerated in the first quarter, beating analyst expectations on higher industrial output and agricultural production as well as continued strength in domestic demand.
Econ Comments & Analysis
WSJ | Food Stamps and the $41 Cake
There is a large chain grocery store in my neighborhood that I rarely frequent because the prices are too high. Instead, I will travel an extra 30 blocks to another store where the costs per item are 20%-30% lower.
Bloomberg | Paul Krugman's Simple -- or Is It Simplistic? -- Reasoning
It's a "remarkably simple problem," said Paul Krugman, Nobel laureate in economics, professor at Princeton's Woodrow Wilson School, New York Times columnist, devotee of John Maynard Keynes, leading voice of the left and lightning rod for the right.
Forbes | Japan and Europe Killing Themselves
Can the U.S. lead the world back to prosperity? The global economy is lurching toward the cliff. Twice before over the last 75 years Washington took the necessary action, and after November, with a new President and Congress, there will be the opportunity--and imperative--to do so again.
Blogs
Café Hayek | An Open Letter to Two Would-Be Lords of the Manor
Irked that Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, you propose, with your “Ex-Patriot Act,” to punitively tax and to permanently bar from ever again entering America men and women who, to reduce their tax liabilities, renounce their citizenship in the U.S.
