News
CNN Money | China becomes world's top gold buyer
China has raced past India to become the world's top gold consumer.
Market Watch | China reports say big reform details due next week
Various Chinese media reports out Friday raised expectations that the Communist Party would announce detailed, wide-ranging reforms in a paper due out next week.
Politico | Republicans more optimistic on farm bill
House Republicans were more upbeat Thursday on getting a farm bill done this year, with Speaker John Boehner raising the subject and Agriculture Committee Chairman Frank Lucas saying he and his Senate counterparts are “getting to a common point on the commodity title.”
Market Watch | New York manufacturing index turns negative
An index of manufacturing conditions in the New York area turned negative in November, a reading that suggests a recent upturn in the factory sector may be petering out.
CNN Money | Retired union workers facing 'unprecedented' pension cuts
Hundreds of thousands of retired union workers are facing pension cuts that could slash their monthly payments in half — or even more.
Bloomberg | Factory Output in U.S. Rose More Than Forecast in October
Factory production in the U.S. rose more than forecast in October, indicating the partial government shutdown did little to halt the pickup in manufacturing at the start of the fourth quarter.
CNBC | How this economic recovery is different
The most surprising thing about the continuing lackluster recovery is that people are surprised about the continuing lackluster recovery. In a consumer-based economy, if incomes are not growing, the economy has little chance to expand robustly. As long as unemployment rates remain high, wage gains will be limited and so will economic growth.
Econ Comments & Analysis
WSJ | When the Obama Magic Died
The current troubles of the Obama presidency can be read back into its beginnings. Rule by personal charisma has met its proper fate. The spell has been broken, and the magician stands exposed. We need no pollsters to tell us of the loss of faith in Mr. Obama's policies—and, more significantly, in the man himself.
Real Clear Markets | Bad Science Could Kill Global Trade Talks
Has irresponsibility gone intercontinental? The U.S. government is rightly viewed with global dismay for its broken budget process. As U.S. and European Union trade negotiators continue their talks on a transatlantic free trade pact, Europe is taking actions that could make conclusion of this critical agreement all but impossible.
Blogs
Economist | Call this a recovery?
The euro area grew again in the third quarter, but only just. Figures released today by Eurostat show that euro-wide GDP expanded by a mere 0.1%, less than the already pessimistic 0.2% that had been expected in the markets.
