News
CNN Money | China GDP hits 7.8% amid credit concerns
China's economy powered ahead in the third quarter, taking some pressure off the country's leaders as they seek to execute painful structural reforms.
Market Watch | U.S. stocks climb; S&P 500 hits record high
U.S. stocks ended mostly higher on Thursday, lifting the S&P 500 to a record finish, as Wall Street turned from the latest fiscal drama on Capitol Hill to corporate earnings that included better-than-expected results from Verizon Communications Inc.
Econ Comments & Analysis
Bloomberg | Fault Lines Fracture Rebalanced World Economy: Cutting Research
The rebalancing of global demand following the financial crisis may mask fault lines that still threaten the world economy, according to HSBC Holdings Plc and Deutsche Bank AG.
Telegraph | Washington truce stretches out debt crisis, leaves economy in limbo
Washington’s eleventh hour debt deal has averted an immediate crunch for US and the world, but the crisis now threatens to drag on through three successive deadlines until March.
Bloomberg | 40 Years After Embargo, OPEC Is Over a Barrel
Today marks the 40th anniversary of the Organization of the Petroleum Exporting Countries embargo against the U.S. and states that supported Israel after Egypt and Syria initiated simultaneous offensives against it on Yom Kippur in 1973. While it’s not an anniversary that many will celebrate, it’s a good opportunity to reflect on how much more secure our energy situation is, despite our continued heavy reliance on fossil fuels.
Mercatus | OIRA Spending Falls as Agency Spending Swells
The Office of Information and Regulatory Affairs (OIRA) was created by the 1980 Paperwork Reduction Act. Since 1981, OIRA has reviewed regulatory actions by federal agencies.
