News
CNN Money | The lucrative business of cigarette smuggling
Wanna make a quick $1,944,000? Buy a truckload of cigarettes in Virginia and sell them in New York.
National Journal | ‘Chained CPI’ Could Hit Middle-Class Retirees Hardest
When President Obama proposed so-called chained CPI in his 2014 budget, he outraged his Democratic base, the labor unions, and the AARP.
CNN Money | Home building rises to key milestone
The annual pace of housing starts topped 1 million for the first time in nearly five years in March, another sign of the rebound in the sector.
Market Watch | Industrial production up on utilities usage surge
Industrial production increased in March as consumers cranked up the heating, capping off the best quarter in a year for output in which demand for cars and construction supplies grew.
Washington Times | China’s economic slump staggers U.S., world markets
Global stock markets plunged on Monday after China reported that its economy grew more slowly in the first quarter — setting off a drop of more than 250 points in the Dow Jones index for the worst trading day of the year.
Econ Comments & Analysis
Market Watch | IMF lowers world, U.S. growth forecasts
The International Monetary Fund lowered its estimate of U.S. and global economic growth, as part of its world economic outlook the organization publishes twice a year.
Washington Times | From stagnation to prosperity to stagnation
The great tragedy of our time is that so few know economic history; thus we have been doomed to repeat the mistakes of a generation ago, and millions suffer.
Mercatus | How To Fix Our Broken Proxy Advisory System
A decade ago, the Securities and Exchange Commission (SEC) voted to require that every mutual fund and its investment adviser disclose “the policies and procedures that [they use] to determine how to vote proxies”
Blogs
Heritage Foundation | The High Cost of Offshore Wind: Is Cape Wind the Next Solyndra?
An estimated $2.6 billion offshore wind project near Massachusetts could be awarded a $350 million Department of Energy (DOE) loan guarantee and a 30 percent federal tax credit, according to recent reports.
Library of Economics | Physics Applied to Economics
I have been searching the web for the true nature of energy subsidies and all I can really ascertain is that the U.S. government is highly involved and in nearly every form of energy production in existence.
Café Hayek | Sachs on the economy and the future
This week’s EconTalk is Jeffrey Sachs talking about the economy, the recovery, the future, inequality, and a whole bunch of things. Lots of interesting ideas.
