News
Bloomberg |
Cyprus Capital Controls First in EU Could Last Years
Cyprus is on the verge of an unprecedented financial experiment: imposing controls on money transfers in an economy that doesn’t have its own currency.
National Journal | Big Labor and Big Business Have One Big Issue: Immigration Reform
Immigration reform has become the No. 1 policy priority at the AFL-CIO, a remarkable shift for the labor group that has in the past spent more effort trying to pass a health care law or destroying a proposal to privatize Social Security.
Fox Business | New Foreclosures Fall to Lowest Level Since Crisis
The number of new U.S. foreclosures initiated in the fourth quarter of 2012 fell to the lowest level since officials began tracking them during the financial crisis, a government report said on Wednesday.
Bloomberg |
Pending Sales of U.S. Existing Homes Decline 0.4%
The index of pending home sales fell 0.4 percent to 104.8, the second-highest level since April 2010, after a revised 3.8 percent increase the prior month.
Econ Comments & Analysis
Politico | Spectrum auction could rev up economic engine
The FCC can build on the proven economic engine of wireless networks and address the current spectrum shortage by identifying additional spectrum that can be allocated and auctioned to wireless providers for their exclusive use to serve America’s mobile consumers.
Politico | Biofuels advance economy, society
We must not forget that most successful industries and innovations do not mature overnight.
CNN: Money | State governments face one of Corporate America's biggest problems: extra cash
States expect modest budget surpluses this year, and just like U.S. companies, they're not exactly loosening their purse strings.
Blogs
Economist | The biggest problem
Central bankers like to say that monetary policy isn't a panacea, and they're right. But monetary policy can solve the nominal problem. And because the severity of so many other problems is contingent on the severity of the nominal problem, bad monetary policy can make it difficult to get anything else right.
