News
Fortune | Bank of America profit rises 63%
Expenses fell, but a lack of growth in consumer lending may be a sign of bigger problems at the bank, and in the economy in general.
Politico | Increased U.S. oil production: How it's affecting you at the pump
The surge in U.S. oil production is making a difference in the energy market, even if American consumers aren’t necessarily seeing the savings at the pump, Adam Sieminski, head of the Energy Information Administration, told lawmakers Tuesday.
FOX Business | IMF: China Needs Reform Measures
China needs another round of "decisive measures" to make sure it continues its successful economic growth as its margins of safety are falling amid growing domestic problems, the International Monetary Fund said in its latest report.
CNN Money | Home building slows in June
The pace of home building slowed somewhat in June in the face of higher mortgage rates, but construction is still well above year ago levels.
Econ Comments & Analysis
Forbes | Americans Think Little Of Business, And That's Bad For The U.S. Economy
A recent poll by the Pew Research Center asks Americans to rank occupational groups according to how much they “contribute to society’s well-being,” and disturbingly, business executives rank quite low – indeed, below journalists (but above lawyers).
AEI | Like the past ones, Farm Bill 2013 is an American boondoggle
The House of Representatives has now passed a farm bill on an entirely partisan basis. No Democrat voted for the bill, not least because the House leadership voted out the nutrition title that would have reauthorized food stamps, or Supplementary Nutrition Assistance Program.
