News
Market Watch | Foreclosures’ small effect on nearby prices
A foreclosure in the area won’t bring prices down that much: report
CNN: Money | Banks keep lending standards tight for small firms
Since the recession, small businesses trying to get bank loans have faced tougher credit standards -- and little has changed. In the Federal Reserve's most recent survey of bank loan officers, released Monday, 95% said credit standards remained basically unchanged during the second quarter.
Bloomberg | German Factory Orders Fall Twice as Much as Forecast
Orders, adjusted for seasonal swings and inflation, dropped 1.7 percent from May, when they rose 0.7 percent, the Economy Ministry in Berlin said today. Economists forecast a 0.8 percent decline, according to the median of 35 estimates in a Bloomberg News survey.
CNN: Money | Housing recovery could lift jobs, spending
After years of depressed activity, home prices and new construction have started to pick up in recent months as foreclosures have slowed, suggesting the housing market may have finally bounced off the bottom.
Econ Comments & Analysis
WSJ | Arthur Brooks: Obama and 'Earning Your Success'
The work mandate was the most successful welfare reform in 60 years. Ending it is a tragedy.
CNBC | London Olympics an ‘Economic Failure’: Roubini
Famously bearish economist Nouriel Roubini has branded the Olympics an “economic failure”, saying Londoners have left the city and tourists have stayed away following “excess warnings”.
Politico | To help free market, bury the hatchet
The retail industry has continuously complained about the fees card companies charge them to use a convenient, secure and fast payment network, which has benefited both merchants and consumers.
Washington Times | CUSTER: In the economic Olympics, U.S. is falling behind
Each year, several organizations publish rankings of countries based on their economic freedom — their friendliness to commerce in areas such as rule of law, free markets and limited government. In 2012, the Heritage Foundation/Wall Street Journal report places the United States 10th and declining, as does the latest Fraser Institute report.
WSJ | The Latest Big Bank Bailout
The back room attempt to guarantee transaction deposits.
Washington Times | EDITORIAL: The Solyndra standard
Obama doubles-down on green firms that go belly-up.
Blogs
WSJ: Real Time Economics | Vital Signs Chart: Gas Prices Moving Higher
Gasoline prices are rising along with the cost of crude oil. A gallon of regular gasoline cost $3.64 last week, and has climbed steadily through July and now August. Still, gasoline prices remain well below their $3.94 peak, reached in April.
WSJ: Real Time Economics | How Bad Could EU Crisis Get? IMF Attempts an Answer
Failure of euro-zone policy makers to tame their growing debt crisis would likely trigger a severe regional economic contraction, force a fire sale of financial-industry assets and trim the growth prospects of major world economies by several percentage points, the IMF says in its 2012 Spillovers Report.
