News
FOX News | US trade deficit widens to $45 billion, highest in 6 months, with auto imports at record
The U.S. trade deficit increased in May to the highest level in six months as a weak global economy depressed U.S. export sales while imports of autos and other nonpetroleum products hit an all-time high.
CNN Money | June car sales show industry's continuing recovery
Car sales kept on rolling in June, providing further evidence of the recovery in U.S. auto demand.
Market Watch | Barclays cuts U.S. Q2 GDP forecast after trade
Barclays said Wednesday that it cut its second-quarter GDP trading estimate to 1.0% from 1.6% after the trade deficit widened in May. In a note to clients, Barclays blamed the larger-than-expected increase in imports in the month for the downward revision.
CNBC | State of The American Dream is Uncertain
Ah, the enduring American Dream. The idea that anyone who works hard enough can climb the ladder and achieve success: a lovely home in the suburbs, luxury cars in the garage, the kids off to a good college and the retirement in a sunny locale.
Econ Comments & Analysis
USA Today | Focus on economy, not climate
How much longer will we hear empty claims from President Obama, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid that the United States has only 3% of the world's oil supplies and therefore, "we can't drill our way out of the problem"?
Washington Times | A step toward American energy independence
About seven years ago, I had the opportunity to tour Devil's Tower, an offshore drilling platform 140 miles southeast of New Orleans. It was an enriching experience learning how technology and human ingenuity come together to safely harvest resources from the depths of our oceans that are used to power our homes, cars and businesses.
WSJ | For Pension Funds, Higher Fees Don't Mean Higher Returns, Study Finds
Public-employee pension plans paying the highest investment fees aren't generating the highest returns, according to a new study by a pair of Maryland think tanks.
