News
Bloomberg | Productivity in U.S. Rises Above Forecast as Output Grows
The productivity of U.S. workers rose more than projected in the second quarter as the world’s largest economy expanded.
Bloomberg | Euro-Area Exports Increase 3% as Inflation Holds Below 2%
Euro-area exports increased for the first time in three months, led by a rebound in Germany, while inflation held steady at 1.6 percent as the economy gathers strength after the longest recession since the debut of the single currency.
Politico | 'Obama phone' supporters at odds
Less than two years after regulators overhauled the low-income phone service known as Lifeline, supporters are turning on each other over additional reforms. Their biggest beef: how to deliver the phones.
CNN Money | Shrimp shortage leads to record high prices
Shrimp prices are skyrocketing to all-time highs, amid a disease that's plaguing the three largest prawn producers: Thailand, China and Vietnam. White shrimp prices are nearing $6 a pound, up 56% from a year ago, according to an Urner Barry index.
Bloomberg | Housing Starts in U.S. Rise on Multifamily Properties
New-home construction in the U.S. climbed in July, reflecting a rebound in multifamily projects that overshadowed a slowdown in single-family properties.
Econ Comments & Analysis
NY Times | No Banker Left Behind
The Detroit bankruptcy case has been cast as a contest between bondholders and pensioners that can be resolved only by shared sacrifice.
Washington Times | The ‘new’ NLRB
President Obama’s environmental regulations and tax increases are job killers enough, and now employers must also deal with a fully reconstituted National Labor Relations Board, with two new Democrats and two new Republicans. Mark Pearce, a Democrat, is a holdover as board chairman, which gives the Democrats a 3 to 2 advantage. They’re likely to use the advantage to their partisan advantage. The unions have waited, not so patiently, for the day.
Politico | If Congress won't lead, states and cities will
Americans cringe at Washington’s dysfunction, and rightly so: This Congress could become the least effective one in decades. Partisan divides are keeping much-needed solutions to immigration, education reform, and deficit reduction out of reach. So it’s not surprising that state and local leaders across the country are bypassing Washington and charting their own course for action.
Mercatus | The Social Responsibility of Economists
In the wake of the global financial crisis of 2008, the economics profession has been criticized for its apparent complicity in promoting the interests of corporations and the financial industry at the expense of the public interest, which has resulted in increased scrutiny of professional economic ethics.
AEI | Tips for millennials who want a mortgage
Millennials – those born in the 1980s or 1990s – have been raised with lofty American dreams of going to college and owning their own home. However, such dreams are expensive and have already placed millennials in debt. According to The Project on Student Debt, the average amount of student loan debt for the Class of 2011 was $26,600. As our generation moves out into the workforce, already burdened with student debt, how can we successfully take on mortgages?
Friday, August 16, 2013
Health Care
News
Politico | David Axelrod: More fixes for Obamacare
“I have to believe that’s going to be the case,” Axelrod said. “Any time you implement something like this, it’s new and there’s no doubt that it’s complicated, there will be changes along — there should be changes along the way.”
Econ Comments & Analysis
Politico | How to destroy Obamacare from within
As a Sept. 30 budget deadline approaches, many in the Republican Party are pushing to repeal the Affordable Care Act, better known as Obamacare. The law’s most radical opponents are even threatening to shut down the government by refusing to pass a continuing resolution, which would fund existing government programs at current or slightly adjusted levels.
Politico | David Axelrod: More fixes for Obamacare
“I have to believe that’s going to be the case,” Axelrod said. “Any time you implement something like this, it’s new and there’s no doubt that it’s complicated, there will be changes along — there should be changes along the way.”
Econ Comments & Analysis
Politico | How to destroy Obamacare from within
As a Sept. 30 budget deadline approaches, many in the Republican Party are pushing to repeal the Affordable Care Act, better known as Obamacare. The law’s most radical opponents are even threatening to shut down the government by refusing to pass a continuing resolution, which would fund existing government programs at current or slightly adjusted levels.
Monetary
Econ Comments & Analysis
Real Clear Markets | There's a Very Real, and Growing, Dollar Funding Problem
It may be an artifact of evolutionary biology, or it may just be that the human animal is a unique species, but there is no discounting just how complex human systems can become. Logic and reason do not always apply, though they are applied in trying to understand the billions of interactions that occur with both regular and irregular frequency. From understanding it is hoped, and then abused, that control can be established as a mechanism to "humanize" seemingly impersonal forces.
Blogs
WSJ | Fed’s Bullard Says Impact of Easy Money Remains a Concern
Federal Reserve Bank St. Louis President James Bullard said Thursday that the impact of the Fed’s easy-money policies on the stability of the financial system remains a concern for the central bank, but he doesn’t see any asset bubbles that pose imminent danger to the U.S. economy.
Real Clear Markets | There's a Very Real, and Growing, Dollar Funding Problem
It may be an artifact of evolutionary biology, or it may just be that the human animal is a unique species, but there is no discounting just how complex human systems can become. Logic and reason do not always apply, though they are applied in trying to understand the billions of interactions that occur with both regular and irregular frequency. From understanding it is hoped, and then abused, that control can be established as a mechanism to "humanize" seemingly impersonal forces.
Blogs
WSJ | Fed’s Bullard Says Impact of Easy Money Remains a Concern
Federal Reserve Bank St. Louis President James Bullard said Thursday that the impact of the Fed’s easy-money policies on the stability of the financial system remains a concern for the central bank, but he doesn’t see any asset bubbles that pose imminent danger to the U.S. economy.
Taxes
Blogs
Library of Economics | Taxes: Who Pays? My Latest from LearnLiberty
Economics offers a lot of cool and counterintuitive insights. One of the most fun, I think, is the independence of the legal incidence and the economic incidence of a tax. In other words, if demanders are not very responsive to changes in the price of a good, sellers can pass some or even most of a tax on to demanders even when sellers are responsible for writing the check to the government.
Economist | The most fatuous regulation
There ought to be an award for the most fatuous tax rule—a fatuette, perhaps—and if so, I would like to make a nomination. Mrs Buttonwood hails from America and, although not really receiving much in the way of services from the US government, has to fill in a tax form every year.
Library of Economics | Taxes: Who Pays? My Latest from LearnLiberty
Economics offers a lot of cool and counterintuitive insights. One of the most fun, I think, is the independence of the legal incidence and the economic incidence of a tax. In other words, if demanders are not very responsive to changes in the price of a good, sellers can pass some or even most of a tax on to demanders even when sellers are responsible for writing the check to the government.
Economist | The most fatuous regulation
There ought to be an award for the most fatuous tax rule—a fatuette, perhaps—and if so, I would like to make a nomination. Mrs Buttonwood hails from America and, although not really receiving much in the way of services from the US government, has to fill in a tax form every year.
Employment
News
CNN Money | Where the jobs are
It's still a tough job market, but opportunities have been on the rise in these counties, making them great places to live and work.
Econ Comments & Analysis
Bloomberg | Debt of One Quadrillion Yen? Not a Problem
Haruhiko Kuroda doesn’t wear a wizard’s hat when he arrives at Bank of Japan headquarters each morning. Once inside, I do wonder if he dons a cloak, waves a magic wand and concocts mysterious potions.
AEI | 14 ways to help the unemployed get back to work
As the economy continues its rocky path to recovery, helping Americans find work has taken center stage. AEI's Michael Strain has these recommendations for getting people back to work.
CNN Money | Where the jobs are
It's still a tough job market, but opportunities have been on the rise in these counties, making them great places to live and work.
Econ Comments & Analysis
Bloomberg | Debt of One Quadrillion Yen? Not a Problem
Haruhiko Kuroda doesn’t wear a wizard’s hat when he arrives at Bank of Japan headquarters each morning. Once inside, I do wonder if he dons a cloak, waves a magic wand and concocts mysterious potions.
AEI | 14 ways to help the unemployed get back to work
As the economy continues its rocky path to recovery, helping Americans find work has taken center stage. AEI's Michael Strain has these recommendations for getting people back to work.
Budget
Econ Comments & Analysis
Forbes | The Counterfeiting And Theft Underlying Keynesian Stimulus Fantasies
Keynesians continue to argue that we can strengthen the economy simply by spending more money. Because people and businesses are not spending enough for their liking, they want to see governments spend more, either by running a bigger deficit or by printing money.
Blogs
WSJ | Foreigners Stampede Out of U.S. Securities Ahead of Fed Tapering
Private foreign investors sold U.S. bonds, equities and other long-term securities at record levels in June, spooked by news that the Federal Reserve would likely start cutting back its cash injections into the American economy later this year.
Forbes | The Counterfeiting And Theft Underlying Keynesian Stimulus Fantasies
Keynesians continue to argue that we can strengthen the economy simply by spending more money. Because people and businesses are not spending enough for their liking, they want to see governments spend more, either by running a bigger deficit or by printing money.
Blogs
WSJ | Foreigners Stampede Out of U.S. Securities Ahead of Fed Tapering
Private foreign investors sold U.S. bonds, equities and other long-term securities at record levels in June, spooked by news that the Federal Reserve would likely start cutting back its cash injections into the American economy later this year.
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