News
CNN Money | Detroit to auction vacant homes online. Starting bid: $1,000
In its ongoing battle to fight blight and boost home values, Detroit is launching a website where it will auction off vacant homes that were seized in tax foreclosures.
WSJ | WTO Raises Forecast for Global Trade
The Geneva-based trade body Monday raised its estimate for growth in the value of trade in goods to 4.7% from 4.5% as economic growth showed signs of recovery. Despite the improvement, the forecast remained below the 5.3% average registered over the past 20 years.
Market Watch | Empire State index slows to 1.3 in April
The Empire State manufacturing index, the first of the many regional manufacturing gauges to be released, slipped to 1.3 in April from 5.6 in March, the New York Fed said Tuesday.
WSJ | Euro-Zone Industrial Output Rises Slightly
Industrial production across the 18 countries that share the euro rose slightly in February, although output in many of the currency area's troubled southern members declined.
Econ Comments & Analysis
Fortune | 3 reasons the economy has some spring in its step
That was a common refrain market watchers heard in recent months, as a slew of confusing data showed that consumers and the economy weren't quite as healthy as they should have been.
Investors | American Companies Think The Unthinkable — Leaving The U.S.
Walgreen, America's venerable drug-store chain, is thinking the unthinkable: relocating to Europe. Not because it sees growth and opportunity there, but because of onerous taxes here in the U.S. It's an ominous trend.
AEI | After the crisis
At the beginning of the Great Recession, economists Carmen Reinhart and Kenneth Rogoff warned that the recovery might be a long one because the recession had been preceded by a financial crisis. Typically, recovery from financial crises takes at least a decade. While Keynesian ideologues predicted a normal V-shaped recovery because of the Obama stimulus, those with a sense of history warned that long-run policies such as permanent tax cuts were the only medicine capable of delivering sustained growth.
