News
Bloomberg | Factory Orders in U.S. Decreased More Than Forecast in March
Orders placed with U.S. factories fell more than forecast in March as a cooling economy slowed demand for metals, mining equipment and military goods.
Bloomberg | Service Industries in U.S. Expand at Slowest Pace Since July
Service industries in the U.S. expanded in April at the slowest pace in nine months, adding to signs that the world’s largest economy is cooling.
Econ Comments & Analysis
Fortune | FHA's solvency plan isn't fair
The government insurer, which may or may not be in need of a bailout, plans to generate $10 billion by locking middle class borrowers into high fees for decades.
WSJ | The Immigration Reform Opportunity
Next week, the Senate will begin making changes to and, hopefully, improve the immigration-reform legislation I introduced with several colleagues last month. This part of the process is a chance to fix America's broken immigration system and end today's de facto amnesty for those who live here illegally.
Washington Post | Europe has no exit
For most Americans, Europe is out of sight and out of mind. We figure that the worst of its debt crisis has passed. Italy has a new government. To mute social unrest, some countries are slightly relaxing austerity policies. The European Central Bank (ECB) has stabilized the bond market for weak debtor countries. Despite problems, Europe is muddling through.
AEI | Five myths about the Federal Housing Administration
The Senate Banking Committee held a hearing recently to discuss the Independent Foreclosure Review, the goal of which is to identify borrowers who suffered financial harm because of errors in their foreclosure processing. Congress could have done better by helping families avoid foreclosure in the first place, but how?
Blogs
Economist | The economic winter continues
Three months after the commission's previous stab at the future, the outlook has cooled yet again. Small wonder that the European Central Bank acted yesterday to cut its main policy rate to 0.5%, though this overdue move will do little to warm the euro zone’s frigid economy.
