News
National Journal | Transforming Trash Into Crude Oil
By joining local businesses, city and state governments, and private philanthropies, the Fund for Our Economic Future creates a home in northeast Ohio for innovative companies like Vadxx Energy.
FOX Business | Industrial Output Flat for Second Straight Month
U.S. industrial production was unchanged in May, the Federal Reserve said on Friday, compared with forecasts for a light increase after gains in manufacturing and mining were offset by a sharp drop in the output of utilities.
Bloomberg | Consumer Sentiment in U.S. Declines From Six-Year High
Consumer confidence in June eased from a six-year high as progress in the labor market supported Americans’ views of the economic outlook.
National Journal | Where Manufacturing Is on the Rebound
If the Great Recession was disastrous for many sectors of the American economy, it was widely seen as the death knell for manufacturing. But a cutting-edge aluminum plant in the heartland is evidence that American factories were given their last rites prematurely.
Econ Comments & Analysis
Bloomberg | FX Rates Said to Face Global Regulation in Libor Review
Global regulators may start overseeing currency rates in a widening response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, according to two people familiar with the matter.
Washington Times | America’s vast margin of error
The Obama administration is facing scandals everywhere — using the Internal Revenue Service to punish political enemies, seizing the phone records of Associated Press and Fox News reporters, monitoring phone and email accounts of millions, and making up stories about what happened in Benghazi, Libya.
Mercatus | Trustees Make Clear Social Security, Medicare Must Be Reformed
Each year, the board of trustees for Social Security and Medicare release reports highlighting the financial outlook and solvency for these massive entitlement programs.
Blogs
Economist | The stealth boom
Treasury yields are rising. So is the dollar. Inflation is falling. Stocks have been beaten back a bit by a global swoon but have fallen much less than other markets. The labour market is improving at a steady if modest pace. Industrial activity is flat, but other private sector activity looks strong. Household finances are looking much stronger. What should we make of all of this?
