News
Bloomberg | Euro Recession Seen Longest in Single Currency Era
Euro-area data this week will probably reveal economic scars of the sovereign debt crisis confirming that the region is now suffering the longest recession since the single currency’s creation.
CNN Money | Retail sales rise unexpectedly
Retail sales rose slightly in April, as strong car sales and spending on building supplies helped make up for weakness in other sectors.
Bloomberg | U.S. Animal Spirits Since ’07 Proves Superior to EU Slump
America’s aggressive strategy for tackling its financial and economic ills is working better than Europe’s go-slow approach -- and investors are taking notice.
Econ Comments & Analysis
Washington Post | The jury’s out on whether Dodd-Frank will save capitalism
It’s been five years since the onset of the financial crisis — the rescue of Bear Stearns in March 2008 — and we still don’t know whether the financial system is safe.
Washington Times | Death of the euro
Our European cousins are just now figuring out that ditching their marks, francs, liras and drachmas to join the eurozone may not have been such a hot idea after all. Every time a member nation gets in line at the bailout window, the common currency takes another hit.
Daily Caller | Immigration reform is pro-growth
At the end of the day, the battle over immigration reform is not about dollars and cents. It’s about the soul of a nation. President Reagan reminded us that America must remain a “beacon” and a “shining city on a hill” for immigrants who renew our great country with their energy while adding to economic growth and prosperity.
Real Clear Markets | More Government Without Paying For the Lunches Of Others
Who would willingly choose to add a government to their lives? It certainly sounds like something unexpected, but could it actually make sense? Amazingly enough it can if adding a government allows you to stop another government from picking your pocket.
AEI | The IRS and big government
The expanding Internal Revenue Service scandal could hardly be any more Drudgeriffic. Well, maybe if in addition to singling out groups with “tea party” or “patriot” in their names, the agency had purchased a few billions rounds of hollow-point ammo. Maybe then. But even as is, the scandal is looking pretty bad and getting worse.
Blogs
WSJ | Business Inventories Flat in March
U.S. firms continued to keep inventories in check in March, suggesting that business remained uncertain about the strength of the economic recovery.
