News
Bloomberg | Manufacturing in New York Region Contracts for Sixth Month
Manufacturing in the New York region contracted in January for the sixth straight month as the industry continued to face the effects of fiscal uncertainty in the U.S. and lackluster demand overseas.
FOX News | New investigation of personal finance industry reveals leaders, gurus often serve themselves
After the financial crisis began in 2008, it suddenly became OK, even desirable, to talk about the illogic of ballooning borrowing and runaway stocks — and the inevitability that bubbles pop.
CNN Money | Entitlement America: Who benefits?
The middle class may have been spared the worst of the tax increases, but they may not be so lucky in the coming entitlement reform battle over deficit reduction.
Bloomberg | Retail Sales Rise in U.S. to Close 2012 on Upbeat Note: Economy
Retail sales rose more than forecast in December to end 2012 on a positive note, indicating Americans may be able to rise above Washington’s budget rancor to keep contributing to economic growth.
Washington Post | Ranks of working poor increasing
Nearly a third of the nation’s working families earn salaries so low that they struggle to pay for their necessities, according to a new report.
Econ Comments & Analysis
Washington Times | Tale of two economic styles
Will 2013 be a better year? A number of economic commentators have been saying the worst is behind us. I think they are wrong, and here is why. In most major countries, including the United States, government is growing faster than the private sector.
Mercatus | Rethinking the Volcker Rule
The Volcker Rule prohibits financial institutions reliant on deposit insurance from engaging in proprietary trading and limits their relationships with hedge funds and other private funds.
Washington Times | A lesson for Socialists
Forty-five years ago this month, history’s most notable attempt to resolve socialism’s inherent contradiction began. It failed, as all attempts had previously and all have since. It failed because socialism fundamentally means repressing capitalism and capitalism remains irrepressible. Still, the attempt and its outcome are valuable reminders of how far the world has come, and how quickly it could regress.
Blogs
Library of Economics | Obama's Mistake on Social Security
If congressional Republicans refuse to pay America's bills on time, Social Security checks, and veterans benefits will be delayed.
