News
Bloomberg |
Michigan Consumer Sentiment Fell to Five-Month Low in December
The Thomson Reuters/University of Michigan consumer sentiment index decreased to 72.9, the weakest since July, from 82.7 in November. Economists projected a final reading of 75 for December.
CNN: Money | Greece may remain in euro after all
Greece has come a long way. And while the nation's economy remains deeply depressed, the risk it will exit the euro zone has been greatly reduced.
Bloomberg | States Gaining in Economic Health as Manufacturing Grows
The economic health of 27 U.S. states showed signs of improvement as a four-year high in industrial production spurred gains in the so-called Rust Belt region, where manufacturing accounts for a larger share of jobs.
Market Watch | Freddie Mac chief economist on threats to housing
While the housing market is showing signs of life, the looming fiscal cliff remains a threat, as does global instability, the chief economist at mortgage-buying giant Freddie Mac told MarketWatch.
CNN: Money | Americans earned more, spent more, saved more
Personal income rose 0.6% during the month, and spending rose 0.4%. Meanwhile, people also stashed away a larger portion of their earnings. The savings rate rose to 3.6% in November, up from 3.4% in October.
Bloomberg | Spain 2012 Deficit Slippage Looms as Recession Deepens
Spain will struggle to meet its 2012 deficit target as a contracting economy hinders the impact of the deepest budget cuts in the nation’s democratic history, Deputy Budget Minister Marta Fernandez Curras said.
Econ Comments & Analysis
WSJ | ICE Buys NYSE
A merger that reflects the decline of U.S. equity markets.
Washington Times | Mortgage industry insider warns about a stifling regulatory cliff
Five years of criticism of banks by politicians, the public, the media and regulators have left the industry averse to taking risks.
WSJ | Strassel: Big Business Sells Out Small Business
CEOs say yes to higher individual taxes in return for Obama's promise of corporate tax reform.
NBER | Long Run Impacts of Childhood Access to the Safety Net
In particular, we focus on the introduction of a key element of the U.S. safety net, the Food Stamp Program, which was rolled out across counties in the U.S. between 1961 and 1975. We use the Panel Study of Income Dynamics to assemble unique data linking family background and county of residence in early childhood to adult health and economic outcomes.
