News
Market Watch | Fed's Lockhart warns on cyber-threat facing banks
The U.S. financial system and its regulators need to "update our thinking" about the threat of cyber-attacks given the spike and magnitude of recent events, said Dennis Lockhart, president of the Atlanta Federal Reserve Bank, on Tuesday.
Bloomberg | Demand for U.S. Capital Goods Climbs in Spending Rebound
Demand for goods such as machinery and electronics climbed in October by the most in five months, signaling companies are starting to overcome concern the looming fiscal cliff will derail the U.S. economy.
Market Watch | Case-Shiller shows home prices rise again
U.S. home prices rose in September for the sixth month, signaling that the housing market is "in the midst of a recovery," according to the S&P/Case-Shiller home-price index released Tuesday.
Econ Comments & Analysis
WSJ | Tagging the Taxpayer
Just in time for Christmas, banks and their lobbyists are asking Uncle Santa for the greatest regulatory gift: the extension of a taxpayer subsidy. The lobbying plan is to attach this banker benefit to legislation addressing the fiscal cliff, or any other legislative vehicle that moves in late December.
Washington Times | Battling a bailout culture
Some Americans believe in the founding principle that individuals are responsible for their own well-being and will voluntarily aid those in need. Others believe that people should be required to take care of their fellow citizens.
Barrons | A Cause for Thanksgiving, Part I
M. King Hubbert should be spinning in his grave. In defiance of Hubbert's theory of "peak oil," the International Energy Agency recently predicted that the U.S. will have energy independence by 2020 and return to its former place as the world's biggest producer of oil. By 2030 or sooner, according to the IEA, North America will be a significant energy exporter.
Blogs
WSJ | Secondary Sources: No Fiscal Cliff Progress, Buffett Tax Avoidance, Services Spending
In spite of what you may be reading elsewhere, we are no closer today to avoiding the fiscal cliff than we were the day after Election Day. All of the so-called progress to date has been one of three things: the media looking for a story, a misunderstanding of what it’s going to take to get a deal or hype.
AEI | When fighting inequality produces more inequality
I like Jonathan Haidt a lot, and there’s much good sense in this recent NYTimes op/ed about common threats to the nation’s future and the possibility of liberals and conservatives agreeing on the need to face these threats.
