News
Bloomberg |
Consumers Will Keep Spending as U.S. Hurdles Fade: Economy
American consumers, who kept shopping through rising fuel costs and delayed tax refunds, will probably continue buoying the world’s largest economy as these hurdles dissipate.
Market Watch | Feb. national activity index back above zero
The national activity index swung back into positive territory in February, led by production-related indicators, the Chicago Fed said Monday. Its national activity index rose to +0.44 from a downwardly revised -0.49 in January. The three-month moving average slipped to a reading of +0.09 from +0.28.
Econ Comments & Analysis
WSJ | A Better Strategy for Faster Growth
At last count, 38 million working-age households received benefits from at least one federal welfare program.
Washington Post | U.S. economy shows signs of strengthening
Despite indisputable evidence that the economy is expanding economic conditions have been dismal.
Forbes | Uber, The Amazing Car Service, Lays Waste to Worry About Income Inequality
Uber’s rise as a business reminds us that the achievers of great wealth almost invariably grow rich for improving the lives of others, including their employees.
Blogs
WSJ: Real Clear Markets | Mortgage Securitizers Didn’t Know Housing Was Going Bust
A popular explanation for why the housing bubble happened says that unbalanced incentives within the financial system were to blame.
Econlog | Some Economics of Wal-Mart
One thing that you don't mention is the minimum wage. Wal-Mart supported increasing the minimum wage a few years ago. The reason, I believe, is that they want to price out of business their lower-wage, Mom-and-Pop competitors.
Mercatus Center | Shortfalls in non-profit disaster rebuilding
Social entrepreneurs face strong incentives to work well toward their objectives because their donors hold them accountable and they typically are involved in a cause because of their passion for it.
