News
FOX Business | IHS: Rejecting Keystone Will Have Little to No Impact on Greenhouse Gas Emissions
A new study from IHS, a prominent, independent energy research firm, says that a thumbs down from President Barack Obama on the Keystone Pipeline would have minimal to no impact on U.S. greenhouse gas (GHG) emissions.
Bloomberg | Wholesale Inventories in U.S. Unexpectedly Fall for Third Month
Inventories at U.S. wholesalers unexpectedly declined in June for the third month, the longest string in almost four years, as demand grew.
WSJ | Home Prices Rise Steeply in West, Sunbelt
Cities in the West and the Sunbelt, among the hardest hit during the real-estate downturn, continue to lead the nation's housing recovery—posting double-digit gains in home prices that have outpaced even the most optimistic projections from a year ago.
Market Watch | China's industrial output stronger than forecast
China's industrial production grew at the fastest pace since February, rising 9.7% in July from a year earlier, though retail-sales growth slowed slightly, the National Bureau of Statistics said Friday.
Econ Comments & Analysis
Politico | House GOP: Welfare reform 2.0 for food stamps
When welfare reform was enacted in August 1996, the economy was growing at an annual rate of 2.8 percent and had added more than 1.67 million new jobs in the first seven months of that year.
Real Clear Markets | Is Government Spending Hindering the Recovery?
Not only is America's economic recovery an outlier, so too is Washington's spending "response." Today's dramatic dual divergence from past economic and fiscal performances reveals a number of important conclusions and raises equally important questions. Chief among the latter: Is the significantly higher federal spending response muting the longer-term economic recovery?
Washington Times | Imaginary optimism
Only in Washington would it take eight months to come up with a production quota for an imaginary product. The Environmental Protection Agency, which is all too real, announced this week the latest renewable-fuel standards, which were due in January. Now the oil companies must produce 6 million gallons of cellulosic ethanol, down from last year’s target of 11 million.
