News
CNN Money | IMF paper: China investment excessive
China's policymakers are leaning too heavily on investment to boost economic growth, a strategy that could destabilize the world's second largest economy, according to a paper prepared by International Monetary Fund researchers.
Bloomberg | U.S. Economy Grew at 2.7% Rate, More Than First Estimated
The economy in the U.S. expanded more than previously estimated in the third quarter as a narrower trade deficit and gains in inventory overshadowed a smaller gain in consumer spending.
WSJ | Greater Euro-Zone Unification Proposed
European officials proposed an overhaul of euro-zone institutions that would create a common budget for the 17 nations using the common currency and, ultimately, grant powers to issue debt collectively backed by the currency bloc.
Bloomberg | Euro-Area Economic Sentiment Unexpectedly Up in November
Economic confidence in the euro area unexpectedly rose in November even as the single-currency bloc was mired in its second recession in four years and leaders worked to contain the debt crisis.
CNN Money | Nearly 15 million households on food stamps
The number of American households receiving food stamps jumped nearly 10% in 2011.
CNBC | Volcker Says Rule Is Already Changing Wall Street
In a rare interview, former Fed Chairman Paul Volcker told CNBC that his namesake rule has already changed the way Wall Street does business, despite the delays in crafting the final draft of the rule, which regulatory officials now say won’t happen until next year.
Econ Comments & Analysis
Washington Times | GOP must fight corporate welfare
No one accuses establishment Republicans of being terribly brave or bright, but this insanity has got to stop: Democrats repeatedly frighten Republicans into accepting their statist agenda and then blame them for behaving like, well, Democrats. Republicans just keep falling for it.
Washington Times | Obamanomics still isn’t working
President Obama promised he’d put America back to work again. Four years into his presidency, things aren’t looking much brighter. It is a sign of the times that a fractional boost in the mood of shoppers is hailed as joyful news. Consumer confidence ticked up from 73.1 to 73.7 in November, according to the Advisory Board’s index, which was released Tuesday.
