News
CNN Money | Coal companies hit by oversupply, Obama
Coal company stocks have taken a hit lately, as a global oversupply and pending climate change rules from the Obama administration weigh on the sector.
Bloomberg | Tech Stocks Signaling Sustained U.S. Growth: EcoPulse
Shares of technology companies are rallying as investors see capital spending for their products strengthening along with the economy, consistent with the Federal Reserve’s latest growth forecasts.
CNN Money | Manhattan home prices rise amid few 'for sale' signs
A shortage of apartments for sale has caused Manhattan home prices to climb significantly over the past several months, according to reports from several big New York real estate brokers.
WSJ | A Revitalized Car Industry Cranks Up U.S. Exports
The U.S. auto industry, in tatters just four years ago, is emerging as an export powerhouse, driven by favorable exchange rates and labor costs in a trend experts say could drive business for many years.
Bloomberg | Orders to U.S. Factories Rose in May on Machinery, Computers
Orders placed with U.S. factories rose in May, reflecting broad-based gains that signal manufacturing is stabilizing.
Econ Comments & Analysis
USA Today | Haven't saved enough for retirement? What to do?
A new report paints a rather grim assessment of how prepared we are for retirement. "The Retirement Savings Crisis: Is it Worse Than We Think?" from the Washington, D.C.-based National Institute on Retirement Security, says the typical American family has only "a few thousand dollars" saved for retirement.
Washington Times | End food stamps, with a caveat
Congress is in an uproar over the Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps.
Washington Times | A tale of two economies
Chile and Ecuador provide an almost perfect test case of competing economic visions. Back in 1980, Ecuador had a slightly higher per capita income than Chile. In the past 33 years, Ecuador has increased its real per capita income a little more than threefold, but during the same period Chile has increased its per capita income more than sixfold.
WSJ | Big Data Hasn't Changed Everything
The more I hear the term "big data," the more suspicious I become. Not in an Edward Snowden, the evil government's spying on us sort of way. If the curious of Fort Meade, Md., the National Security Agency's home, wish to poke through my electronic sock drawers for signs of terror, they are more than welcome. Happy to do my bit for national security.
Blogs
Minyanville | Is Liquidity Drying Up for World Markets?
There's an interesting fundamental change that's been taking shape in the financial landscape recently. In the US, QE-Infinity is still flowing strong, despite talk of tapering. The Bank of Japan is also still fueling the liquidity picture. However, there are some other major players working at cross-currents to the Fed and BoJ's liquidity.
