Econ Comments & Analysis
WSJ | California's Boom Masks State's Uneven Recovery
California added jobs faster than the rest of the nation over the past year. Tech firms are showering riches on Silicon Valley, and home prices are soaring in places like Palo Alto. The Golden State is rebounding, but for a broad swath of residents, it is a lot less golden and is likely to stay that way.
National Review | Penniless in Paradise
On the front door of the San Bernardino city hall is a sign that reads: “Out of Order.” Broke city, broken door: There’s a certain pleasing symmetry in the fact that the San Bernardino city council meets behind a door that, like the city government itself, does not work and is in need of replacement.
Investors | Obama's $25 Billion Government Motors Lemon
As the Obama campaign continues to tout the GM bailout as an industrial policy success, the Treasury Department continues to revise upward the staggering losses inflicted on U.S. taxpayers.
Forbes | China Is Running Out Of Money
Last week’s release of disappointing economic and trade data for July has, predictably, renewed calls for additional stimulus.
Daily Finance | Greece, Like U.S. and Europe, Tries to Kick the Can Down the Road
Greece is seeking a two-year extension of its latest austerity programme aimed at improving the country's debt sustainability and prospects for a return to growth.
Blogs
Marginal Revolution | The balanced budget multiplier?
A Spanish mayor who became a cult hero for staging robberies at supermarkets and giving stolen groceries to the poor sets off this week on a three-week march that could embarrass the government and energise anti-austerity campaigners.
The American | President Obama’s Ticking Greek Time Bomb
Developments in Athens suggest matters are spiraling out of control.
AEI | Who really killed the Bowles-Simpson debt plan?
Yes, Ryan voted against the plan. But before we analyze his actions back then, let’s recall what President Obama didn’t say back in December 2010 after the debt commission — the commission Obama himself created — released its proposals
Daily Capitalist | Greece’s Debt Bomb
Greece was able to float enough new debt to pay its old debt and avoid default. What a charade. They got the money from the bailout fund and used it to pay back the bailout fund
