News
CNN Money | Rich people are getting mortgages cheaper than you
Rich homebuyers can now get mortgages cheaper than pretty much everyone else.
Market Watch | Oct. NFIB small-business optimism index drops
Small-business optimism dropped in October after the government shutdown, a trade group said Tuesday.
Politico | Will President Obama slash ethanol mandate?
The Obama administration may be about to hand the oil industry a major victory by reducing the federal requirement for blending ethanol into fuel — a decision with big implications for farm-state politics, food prices and the nation’s energy markets.
CNN Money | Gas under $3 - coming to a station near you
It's becoming easier and easier to find gas for less than $3 a gallon.
WSJ | OECD Indicators Point to Pickup in China, Euro Zone, U.K.
Economic growth is set to pick up in the euro zone, China and the U.K., while remaining sluggish in India, Brazil and Russia, according to the Organization for Economic Cooperation and Development.
Econ Comments & Analysis
Fortune | The downside of cheaper gas
U.S. gas prices are declining, falling below $3 a gallon across a handful of states. Not surprisingly, most are taking the drop as goods news, since less money spent at the pump leaves more money to spend elsewhere. That's one way to look at it, but often when gas prices drop steadily, that also reflects weaknesses in the economy.
Fortune | The Wall Street Code
"It's really a circus," says Haim Bodek, before he launches into an elaborate metaphor about Metallica ticket scalpers to describe how high-frequency trading (HFT) computers get their hooks into big pension fund investments (the "dumb money" in Wall Street parlance) before anybody else can.
USA Today | Waiting for 10% correction? Don't hold your breath
Stocks are soaring, as are calls for a market correction, or drop of 10%. But even though its been 530 trading days since the last double-digit drop, the correction-less run can continue.
WSJ | California's Green Reality Check
Governor Jerry Brown ought to be canonized as the patron saint of hopeless environmental causes. Consider a new U.S. Department of Energy study that finds that California will fall far short of its 2050 emissions goal even under the most ambitious (i.e., unrealistic) policies.
Breitbart | Record: Over 47 Million on Food Stamps for Entire Year
Food stamp enrollments have remained over 47 million for an unprecedented 13 consecutive months.
CATO | The Truth about the 1 Percent
Every year, new estimates of the incomes of the “top 1 percent” are reported with the requisite fanfare from Thomas Piketty of the Paris School of Economics and Emmanuel Saez of the University of California, Berkeley. And every year the press gets the numbers all wrong.
Blogs
Market Watch | Mortgage-credit availability rises for first time in three months
The availability of mortgage credit ticked up in October, the first gain in three months, as minimum credit scores for certain products declined, according to a gauge released Tuesday by an industry group.
WSJ | Major U.S. Cities Still Not Recovered From Crisis
Thirty major U.S. cities face a tough and uncertain road to recovery, according to a report released Monday by the Pew Charitable Trusts.
