News
FOX News | Out West, shutdown ruins vacations, huts local economies as national parks are shuttered
Stop at a cafe in the remote stretches of northern Arizona and southern Utah in the fall, and you're likely to hear a mix of languages as tourists from around the world seek out breathtaking canyons and massive rock formations.
Bloomberg | Recession Warnings Found in Asset Price Declines: Cutting Research
Slumping asset prices show a recession is probably on its way. That’s the case for the Group of Seven economies, according to a study by International Monetary Fund economists John C. Bluedorn, Joerg Decressin and Marco E. Terrones. It found that declining asset prices are “significantly” associated with the beginning of an economic contraction.
Yahoo | 5 Lessons New Retirees Learn the Hard Way
Retirement is one of the most talked-about and planned aspects of life today. Virtually every major news outlet, financial planner and employer has a section on their website devoted specifically to it. Despite all the tools, conversations and resources, a successful transition from the nine-to-five workday to retirement bliss remains elusive and constitutes fertile ground for mistakes, particularly for new retirees.
Econ Comments & Analysis
Politico | Recession looms in 2014
The level of uncertainty among investors about the direction of U.S. fiscal and monetary policy is startling. At a recent gathering of top investors in New York, few displayed much conviction about the future path of the Federal Reserve’s monetary stance after its Sept. 18 decision not to wind down a slew of stimulus measures in the face of a weaker-than-expected U.S. economy.
Washington Times | Playing up the government shutdown
The quality of life in the United States has fallen dramatically in the Age of Obama, eroding the American dream, suffocating our economy, making jobs ever harder to come by.
Fortune | Why a default threat won't spike rates
As Congress seems nowhere closer to resolving the nation's budget problems on day three of the government shutdown, federal officials have raised fresh warnings the U.S. could default on its debt.
AEI | Updates on the ‘Great American Energy Boom’ and America’s rise to become the world’s No. 1 energy producer
Natural gas production in the US reached a new all-time record high in July of 2.19 trillion cubic feet of “marketed production” (gross withdrawals less gas used for repressuring, quantities vented and flared, and nonhydrocarbon gases removed in treating or processing operations), according to data released recently by the Department of Energy (see chart above).
