News
Market Watch | World Bank: Worst risks to recovery are past
The World Bank downgraded its outlook for global growth in its flagship economic report but said the worst risks to the recovery, including a euro-zone meltdown, are now in the past.
CNN Money | Retail sales jump on strong car sales
Retail spending jumped in May, helped by consumers hitting dealer showrooms to buy cars.
Bloomberg | U.S. Mortgage Rates Rise for a Sixth Straight Week
U.S. mortgage rates rose for a sixth week, extending a surge in interest costs spurred by speculation that the Federal Reserve will scale back stimulus efforts.
CNBC | Are Markets Facing a Crisis of Confidence?
The rout in global financial markets that has spared few asset classes extended into Thursday, with Asian stocks plunging across the board, led by a 6 percent fall in Japan's benchmark Nikkei 225 in the morning session.
Econ Comments & Analysis
The American | The ECB Delays at Europe’s Peril
Without bold action from the European Central Bank, it is difficult to see how the European periphery can avoid sinking ever deeper into economic recession in the months ahead.
Market Watch | Broad stock-market decline is gathering momentum
The continuing decline in the broad stock market, as represented by the Standard & Poor’s 500 Index, is gathering momentum. The picture appears to have completely changed from what had existed between last November and the top in mid-May.
WSJ | The Reality of Feel-Good Government
The government-supported service organization AmeriCorps got a boost from President Obama in April, when he announced a new program to "connect more professional scientists and engineers to young students who might follow in their footsteps."
WSJ | U.S. Oil Notches Record Growth
U.S. crude-oil production grew by more than one million barrels a day last year, the largest increase in the world and the largest in U.S. history.
Blogs
Heritage Foundation | GDP: I Do Not Think It Means What You Think It Means
Many decision makers and commentators treat gross domestic product (GDP) as if it measures the whole of the economy. They even use “the economy” and GDP interchangeably. GDP is an accounting device—and a poor measure of economic health. Household wealth is much closer to what we mean by “the economy.”
