News
CNN Money | What German vote means for Europe's economy
Germany votes on Sunday in its first national elections since the euro zone crisis exploded in 2010.
WSJ | Home Sales Hit Highest Level Since 2007
Sales of previously owned homes rose unexpectedly in August to the highest level since 2007 as buyers rushed to lock in deals before mortgage rates increased further.
CNBC | Census: No sign of economic rebound for many in US
Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggest the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround.
Econ Comments & Analysis
Bloomberg | House Passes $39 Billion Food-Stamp Cut Crimping Lifeline
When Andres Gonzalez’s mother lost her job two years ago, the former student at South Texas College applied for food stamps, a federal aid program for the poor.
Forbes | The Financial Crisis Was A Failure Of Government, Not Free Markets
The now-famous (infamous?) “financial crisis” began five years ago (September-October 2008), in the middle of the so-called “Great Recession” (December 2007 – June 2009). This is more than enough time to gain perspective, collect the evidence, apply some logic, and achieve a valid conclusion, so such crises won’t recur in the future.
WSJ | The Government Won on Financial Reform
'Your No. 1 client is the government." So former Morgan Stanley CEO John Mack told current CEO James Gorman in a recent phone call, according to a September 10 story in the Journal. He's exactly right, which more or less sums up how American finance has evolved in the five years since the 2008 financial crisis. Far and away the biggest winner is the government.
Washington Times | The coming college crash
For the past 70 years, American higher education was assumed to be the pathway to upward mobility and a rich shared-learning experience.
