News
Market Watch | Household income falls as 46 million in poverty
There were 46.2 million Americans in poverty in 2011, as median household income decreased, according to a Census Bureau report released Wednesday illustrating the toll from ongoing labor-market weakness.
WSJ | Household Income Sinks to '95 Level
The income of the typical U.S. family has fallen to levels last seen in 1995, a long and pernicious slide that likely means it will be a generation before Americans regain the peak income levels reached at the close of the '90s.
Washington Times | Wall Street collapse costs U.S. $12.8T
The Wall Street collapse in 2008 and the ensuing financial crisis has cost the nation an estimated $12.8 trillion, according to a study released Wednesday by Better Markets, a Washington advocacy group that lobbies for financial reform and tighter regulations on Wall Street.
Market Watch | It’s now cheaper to buy than rent: Trulia
It’s much cheaper to buy a home than rent one in 100 of the largest U.S. metropolitan areas, according to a report released on Thursday by the real-estate website Trulia.
CNN Money | Foreclosures rise in August
Foreclosure filings rose in August as lenders in several states continued to work through a backlog of delinquencies and defaults, according to an industry group's report Thursday.
CNN Money | Obama's mixed record on trade
In the interconnected global economy, trade is becoming ever more important to the average American worker. Exports can provide jobs in fields from agriculture to aircraft, from movies to manufacturing. Conversely, U.S. industries face increasing competition from imports, forcing the weaker companies out of business.
Econ Comments & Analysis
Reason | Worse Than the Recession
When this column was written, the smart money was once again saying that the bad times were behind us. “Nearly seven years after the housing bubble burst, most indexes of house prices are bending up,” David Wessel wrote in The Wall Street Journal in July.
Washington Times | The world Obama created
The tragic events that took place in Libya and Egypt this week were the inevitable consequences of weak U.S. leadership. America and the world cannot afford four more such years.
Real Clear Markets | Deficit Stealth Tax Costs Savers Dearly
Interest Rates: That sub-zero return on nest eggs is the price retirees pay for federal deficits. Control of spending is the solution - a point Mitt Romney and Paul Ryan need to make.
WSJ | Grim Census 'Progress'
President Obama employs some of the best political stone soup makers in memory, but even they're having trouble with this one. On Wednesday's terrible Census Bureau findings on income and poverty, the White House put out a statement saying the report shows "we have made progress digging our way out of the worst economic crisis since the Great Depression," even if "too many families are still struggling."
Blogs
Heritage Foundation | What’s Driving High Poverty Numbers?
Today, the U.S. Census Bureau released its annual poverty numbers. It reports that 46.2 million Americans remain poor; the figure was unchanged from last year. The percentage of Americans who were poor remained at a near-record 15 percent.
Café Hayek | Some Resources for Teachers (and Students)
With the start of a new school year, just wanted to highlight some resources for teachers I’ve created over the years that may be of use. Please feel free to share these freely. They all are without charge and sharing is encouraged.
Economist | Ray Dalio explains his basic framework
Ray Dalio is one of the world's most successful hedge fund managers of all time. His firm, Bridgewater Associates, makes money by understanding macroeconomics better than anyone else.
Marginal Revolution | What do barter exchanges imply about depressions and recessions?
As was the case during the Great Depression, parallel currencies and barter exchanges are springing up around Spain and some other parts of Europe.
WSJ | Highlights From Census Report on Income, Poverty and Health Insurance
The Census Bureau today released its annual report on income, poverty and health insurance, the most detailed look at Americans’ household income. A few early takeaways:
