News
CNN Money | Weak outlooks make investors nervous
Stocks tumbled Tuesday after quarterly reports from three blue chip companies disappointed investors.
Politico | Mike Lee to give tea party SOTU response
Sen. Mike Lee will deliver the tea party’s response to the president’s State of the Union Address, a major tea party group announced Tuesday.
Bloomberg | IEA Sees Higher Oil Demand on Recovery in Developed Nations
Global oil demand will increase this year more than previously forecast, the International Energy Agency said. A ban on U.S. crude exports may crimp output growth, the Paris-based group said.
CNN Money | Global economic recovery feeds growing inequality
The economic recovery is gathering pace but too few people are feeling the benefits, and experts warn that rising inequality is the single biggest risk the world economy faces.
Bloomberg | How America’s Fracking Boom Helps to Boost Treasuries Demand
America’s shale boom is providing an unintended benefit to U.S. government bonds.
Econ Comments & Analysis
Forbes | Bureaucracy In America Now Goes All The Way Down
There’s a popular story, almost surely apocryphal, involving the philosopher Bertrand Russell (or William James, take your pick) and a skeptical woman who spoke up at one of his lectures.
Washington Times | When law enforcement is arbitrary, freedoms are compromised
Without the rule of law, a civil and prosperous society cannot long endure. The annual reports of “The Economic Freedom of the World” and the “Index of Economic Freedom” show very large declines in the international ranking of the United States in the rule of law over the past decade. The rule of law is dependent on the laws being perceived as reasonable, few enough in number and clearly written so that citizens can understand what is expected — and on the laws being fairly and impartially enforced by those in all branches of government.
WSJ | Profits Show Biggest Banks Are Back From the Brink
Large U.S. banks are finally emerging from the wreckage of the financial crisis, on the back of rising profits, a recovering economy and drastic cost cutting.
Blogs
WSJ | U.S. Stock Values Have Analysts Worried
Corporate-earnings reports are trickling in, and they aren’t great. J.P. Morgan Chase & Co. was a little better than anticipated; General Electric Co. was as expected; Best Buy Co. was terrible.
