News
FOX Business | Americans Spending Greater Percentage of Income on Gas
Gasoline expenditures for the average U.S. household continued to climb in 2012, returning to levels not seen since 2008.
CNN Money | Texas to California businesses: Move here!
Texas Governor Rick Perry has three words of advice for California businesses: Move to Texas.
Market Watch | Year-on-year house price gain hits six-year high
U.S. home prices grew 0.4% in December to stretch the year-on-year gain to 8.3%, the strongest advance since May 2006, CoreLogic said Tuesday.
Washington Times | Major changes from oil revolution
For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly.
Market Watch | ISM services index slips to 55.2% in January
U.S. service-sector companies expanded at a slightly slower pace in January but overall growth remained solid, according to the Institute for Supply Management.
Econ Comments & Analysis
Fortune | Why a record month for fund inflows makes me cautious
Investors put more money into mutual funds and ETFs during January than in any month since February 2000. And we all remember what happened next.
WSJ | Who Needs Wall Street?
A tectonic shift is under way in how companies raise money—and it will have a profound impact on U.S. investors and markets.
Forbes | The Growth Recession On President Obama's Watch Continues
The U.S. economy remains in the grip of a growth recession, and there is no relief in sight. Slow growth means continued high unemployment as workers bear the brunt of the burden of President Obama’s failed economic policies.
Fiscal Times | Nearly Half of U.S. Families Teetering on Edge of Ruin
In the past few years, Americans have certainly learned a thing or two about how quickly disaster can strike.
Reuters | Fixing ‘too-big-to-fail’
The United States is plagued by large corporations with outsized political power. They are “too big to fail.” So if they are about to fail, they get rescued. Many are so big that they can block the laws needed to stop them from destroying the economy or the environment.
Merctaus | Delaware's Public Employees' Retirement System
According to government reports, state public sector pension plans confront a total unfunded liability of $842 billion. Underfunding of this magnitude presents a serious fiscal problem for individual governments and will require a growing amount of budgetary resources to fund benefit promises to retired workers.
Blogs
CATO | The Long Run Decline in Actual Homeownership
It would be far more accurate to label U.S. federal homeownership policy, U.S. mortgage policy. For the primary means of “extending” homeownership, via federal policy, has been the massive increase in mortgage debt. Sadly the actual trend increase in homeownership has been close to nothing since 1960.
Economist | So many ways to fail
Today was a brutal day for European markets that haven't had many brutal days of late. Bond yields were up around the periphery, and equities were down sharply, led lower by Italian shares.
