News
WSJ | Some Good News From Zimbabwe, for a Change
At a summit in Luanda, Angola, last weekend, the Southern African Development Community rejected Robert Mugabe's plan to call snap elections and jettison Zimbabwe's 2008 power-sharing agreement.
Bloomberg | China Reduces Interest Rates for First Time Since 2008
China cut borrowing costs for the first time since 2008 and loosened controls on banks’ lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe’s debt crisis threatens global growth.
WSJ | Officials Say Fed May Need to Act
A trio of Federal Reserve officials warned of risks to the health of the U.S. recovery and said the central bank might need to take new actions to support economic growth.
Econ Comments & Analysis
CNN Money | Fed's Yellen sees possibility of more stimulus
Federal Reserve Vice Chair Janet Yellen has reiterated her view that further action by the central bank might be necessary to stimulate the sputtering U.S. economy.
CATO | Beginning of the End for the Euro?
The euro was introduced as part of the Stability and Growth Pact of 1999, which also prescribed clear fiscal guidelines for member nations to limit public debts and deficits, and ensure the economic stability needed for the European Central Bank's conduct of a common European monetary policy.
Blogs
CATO | The Fed’s Dilemma
Chairman Bernanke will be testifying on Thursday, June 7th before the Joint Economic Committee of Congress. His testimony comes against a background of gloomy economic data. The U.S. economy grew at just a 1.9-percent annual rate in the first quarter of 2012.
