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Tuesday, March 26, 2013

General Economics

News                                                                                                                             
Bloomberg | Orders for U.S. Durable Goods Rise More Than Forecast
Orders for U.S. durable goods climbed more than forecast in February, propelled by automobiles and a rebound in commercial aircraft.
CNN: Money | Home prices: Biggest rise since housing bubble
Home prices continued their recovery, rising 8.1% in January, although a separate report showed a slight slowdown in new-home sales.
Bloomberg | Stevens Says G-20 Should Focus on Reform Implementation in 2014
Reserve Bank of Australia Governor Glenn Stevens said the Group of 20 should focus on implementing rule changes in the financial system rather than adding new reforms when Australia takes over the presidency next year.

Econ Comments & Analysis                                                                                            
WSJ | Mortimer Zuckerman: The Great Recession Has Been Followed by the Grand Illusion
Don't be fooled by the latest jobs numbers. The unemployment situation in the U.S. is still dire.
Washington Times | RAHN: How government steals your savings
What many fail to realize is that from the beginning, governments have been engaged in this type of theft, including the U.S. government.
Fox Business | Women Entrepreneurs: Creating Jobs and Building Wealth
Nearly half of all new businesses in this country are launched by women, yet businesses started by men are three-and-a-half times more likely to reach $1 million in annual revenue.
CNN: Money | Cyprus: The worst is yet to come
Despite an eleventh-hour deal, the fallout from the Cypriot crisis is far from over.
Washington Post | Spain’s central bank offers grim forecast: more recession, higher unemployment
Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to repair public finances and the effects of a weak global economy, the central bank said Tuesday.
Mercatus Center | Why Old Regulations Never Seem to Die
Regulatory reform efforts often rely on agencies to provide information about which regulations are inefficient, duplicative, or outdated. While the agencies may indeed have a good idea of which regulations need to go, they have little incentive to actually see them repealed—that would mean smaller budgets, fewer employees, and diminished power.
AEI | Recasting conservative economics
The American economy is not managed in any real sense: It is, by and large, a free-market system operating within a complex global marketplace. Of the forces that affect our economy, far more are outside the president's control than are within it.

Blogs                                                                                                                             
Economist | Coming soon to uninsured deposits near you
A rescue programme agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems and other countries may have to restructure their banking sectors…
WSJ: Real Time Economics | Gas Prices Drift Lower in March
Gasoline prices inched down in the past week, with the average cost of a gallon of regular falling to $3.680 from $3.696 during the previous week.