News
Market Watch | OPEC sees slower world oil demand growth in 2013
The Organization of the Petroleum Exporting Countries, or OPEC, on Wednesday left its forecast for 2012 growth in world oil demand unchanged at 0.9 million barrels a day and said it expects growth to slow to 0.8 million barrels a day in 2013 due to a continuing global economic slowdown.
WSJ | Fed Official Doubts Euro Fix
Financial markets are pulling the euro zone apart and the chances of finding a solution to the currency union's debt crisis appear distant, a U.S. central banker said Tuesday.
Bloomberg | Wen Says Investment Now Key to Stabilizing China Growth: Economy
Premier Wen Jiabao said promoting investment growth is the key now to stabilizing China’s economic expansion, signaling officials may boost spending to counter a slowdown that probably extended into a sixth quarter.
WSJ | Bucking Trend, U.S.-China Trade Gap Grows
The U.S. trade deficit with China continues to grow even as the rest of the world runs a trade surplus with Beijing, potentially exacerbating a political problem for President Barack Obama as this year's campaign debate unfolds.
Market Watch | U.S. trade deficit lower in May; exports rise
The U.S. trade deficit fell 3.8% in May as exports rose slightly and the cost of imported oil fell, the government reported Wednesday.
Econ Comments & Analysis
Washington Times | American consumers pay dearly to go ‘green’
President Obama has spent 3 1/2 years waging war on fossil fuels - and American consumers and families are caught in the crossfire.
WSJ | China's Coming Economic Transformation
China is grappling with an economic downturn, but there is more than the usual amount of disagreement about how fast it's slowing down.
Investors | Obama's Class-Warfare Rhetoric Demonizes Success
Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama.
WSJ | Air Jordan and the 1%
What does Michael Jordan tell us about income inequality in the United States? The U.S. has greater income inequality than nearly all other developed nations, and the former basketball star earned far more in most years than the typical American earns in a lifetime. So is our system unfair and stacked against the middle class? First, some historical perspective.
Politico | A small business plan all can agree on, right?
As the nation debates solutions to our stagnant economy and continuing unemployment crisis, more elected leaders now agree that small-business growth plays a crucial role in job creation. An estimated 27 million small businesses employ more than half the country’s private-sector workforce, creating 60 percent to 70 percent of all new jobs.
Blogs
AEI | Economic mobility is determined by personal choice
The Pew Economic Mobility Project has come out with a new study that suggests all is not wonderful in the world of economic mobility. I haven’t read the study yet, but I look forward to taking a gander and hearing what my colleagues around here have to say about it.
Neighborhood Effects | How Cronyism is Hurting the Economy
The problem of cronyism is compounded by the phenomenon of the “revolving door,” or the tendency for ex-government officials to find jobs in the industries they once oversaw and for industry insiders to find regulatory jobs overseeing their former colleagues.
AEI | The missing $1.4 trillion: One chart that says U.S. business investment isn’t ‘doing fine’
You think an additional $1.4 trillion in non-residential business investment over 2008-2011 might have helped the economy during that period?
