News
Bloomberg | U.S. Calls for TPP Trade Deal Progress in Asia Before Year End
U.S. Treasury Secretary Jacob J. Lew sought progress on negotiations in the Trans-Pacific Partnership in his trip to Asia this week as a year-end deadline for the trade pact looms.
CNN Money | US Airways-American settlement: What it means for fares
In 2014, US Airways and American Airlines will be merged. Whether that means higher fares for fliers isn't completely clear.
Bloomberg | Emerging-Market Banks Threatened by End of Credit Boom
The world’s largest emerging markets recovered quickly from the 2008 financial crisis because consumers and companies went on a borrowing binge. Now that credit spree is coming back to haunt banks in those countries.
Econ Comments & Analysis
Forbes | China Builds World's Largest Temple To Capitalist Materialism
Forget the Great Leap Forward. Forget the Cultural Revolution. Forget the Little Red Book, and the 100 million souls who perished transforming one of the world’s oldest and most entrepreneurial civilizations into a communist gulag. These ghosts of China’s Marxist past are being exorcised in in a new kind of revolution—by consumers.
Heritage Foundation | GSE Reform: Affordable Housing Goals and the “Duty” to Provide Mortgage Financing
As Congress considers legislation to eliminate the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, advocacy groups are pressuring financial institutions to adhere to a “duty to serve” their markets rather than to meet specific affordable housing goals.
Blogs
WSJ | Aging Population Isn’t the Timebomb Many Make It Out to Be
It’s long been conventional wisdom among economists and policy makers that most developed economies and some developing economies face a demographic crisis in the decades ahead, as the rising cost of providing pensions and health care for a growing cadre of older people overwhelms the capacity of a shrinking cadre of workers to generate the necessary resources.
WSJ | Understanding Japan’s GDP: A Guide for the Perplexed
Japan on Thursday will release preliminary data for the third quarter’s gross domestic product. Economists expect the growth rate to have slowed to 1.7% on-quarter in annualized terms in the July-September period, from 3.8% in April-June.
