News
CNN Money | Income, spending both up
Both personal income and spending by consumers grew modestly in March, according to the government's latest reading out Monday.
Bloomberg | Euro-Area Economic Confidence Falls More Than Forecast
Economic confidence in the euro area decreased more than economists forecast in April as the 17- nation currency bloc struggled to emerge from a recession and the bailout of Cyprus renewed debt-crisis concerns.
Washington Times | U.S. shows shale technology to the world; foreigners learn techniques, but have long way to go
Oil companies from China, Norway, Japan and other nations are investing billions of dollars in U.S. shale projects so they can learn how to extract oil and gas from bedrock and use those technologies to tap into the large and mostly undeveloped shale deposits outside the U.S.
Econ Comments & Analysis
Bloomberg | Refereeing the Reinhart-Rogoff Debate
The discovery of an error in an influential research paper by Harvard University economists Carmen Reinhart and Kenneth Rogoff has sparked an academic firestorm. It’s time to sort through the wreckage.
WSJ | Uncertainty Is the Enemy of Recovery
Anyone hoping for signs of a healthy economic recovery was disappointed by lower-than-expected GDP growth for the first quarter of 2013—a mere 2.5%, far short of the forecast 3.2%. Meanwhile, the stock market continues to soar, hitting record levels in recent weeks. It's a striking disconnect, and one that is discouraging and confusing for Americans as they seek to earn a living and save for the future.
Washington Post | The twilight of entitlement
We are passing through something more than a period of disappointing economic growth and increasing political polarization. What’s happening is more powerful: the collapse of “entitlement.” By this, I do not mean primarily cuts in specific government benefits, most prominently Social Security, but the demise of a broader mind-set — attitudes and beliefs — that, in one form or another, has gripped Americans since the 1960s.
Washington Times | Gloomy prospects
Barack Obama has been president for 51 months, and America is still waiting for that change he told us to hope for. The latest economic indicators continue to point in the wrong direction: Durable-goods orders are falling, growth in factory output is sluggish and optimism is dissolving.
FOX Business | Why Americans are Miserable and Broke
Want to know why the gap between the haves and the have-nots keeps growing? Because the haves live within their means. They don’t waste their hard-earned money on all the crap that Americans spend billions, maybe even trillions, on each year.
AEI | The upside of economic pessimism
The disappointing first-quarter GDP report dashed hopes that 2013 might prove a breakout year for the U.S. economy. Even worse, the same-old-same-old anemic results provide another disturbing data point for gloomy New Normal theorists.
Blogs
Economist | A stiffening headwind
An outbreak of disappointing American economic data is raising fears of a return of the "spring swoon". For a fourth year running, the American economy seemed to sprint out of the gates in January and February only to lose pace by April.
