News
CNN Money | Poorest poor left out of government aid
Many Americans think the poorest of the poor are simply sitting on their couch and collecting an ever-growing government check. Actually, their benefits have been shrinking.
Market Watch | Home-builder confidence lowest in a year: NAHB
Builders' confidence in the market for newly constructed, single-family homes declined in May to the lowest level in a year, hitting 45 this month, compared with 46 in April, according to the National Association of Home Builders/Wells Fargo housing-market index released Thursday.
FOX Business | Mid-Atlantic Manufacturing Activity Rises in May
The Philadelphia Fed’s gauge of manufacturing activity in the mid-Atlantic region rose to 15.4 in May from 16.6 the month prior. The May reading surpassed Wall Street’s expectations of 14.
CNN Money | Why many retired women live in poverty
Gender inequality doesn't end at the workplace. For many women, the gender gap haunts them well into their retirement years, when far more women find themselves living in poverty.
Market Watch | FCC votes to propose new 'net neutrality' rules
The Federal Communications Commission on Thursday voted to propose new rules on "net neutrality."
Econ Comments & Analysis
Real Clear Markets | What If Global Warming Is the Path Toward Better Living Standards?
I think it is possible for humanity to face global threats that require global solutions. But before sacrificing sovereignty and freedom for a perceived threat such as global warming, there are four conditions that must be met: 1) show that the earth is warming, 2) show that the primary cause of warming is due to mankind, 3) show that warming is a bad thing, and 4) show that the cost of solving global warming is lower than the cost of the warming.
Politico | Fannie Mae, Freddie Mac reform will only get harder
The leading Senate proposal to get rid of Fannie Mae and Freddie Mac is stalled, and the job of figuring out what to do with the two mortgage finance giants isn’t going to get any easier in the final years of the Obama administration.
FOX Business | Contractors Seek Better Climate for Small Business
As Associated Builders and Contractors (ABC) members celebrate National Small Business Week, this week also provides an opportunity for the construction industry to take a look at important issues that continue to hold back our growth and development.
Bloomberg | Appaloosa’s Tepper Says Hold Cash as Markets ‘Dangerous’
David Tepper, founder of $20 billion hedge-fund firm Appaloosa Management LP, said he’s nervous about markets as the U.S. economy isn’t growing fast enough amid complacency by the Federal Reserve.
Market Watch | Economy improving faster than markets and Fed believe
At this point, the economy is improving faster than either the markets or the Federal Reserve can believe.
Blogs
WSJ | Why Do Regulators Want to Ease Mortgage Standards?
Wednesday’s Journal leads with a story noting how Washington is doing a U-turn on certain policies and regulations that have tightened mortgage-lending standards over the last few years. Here’s a look at some of the key questions and answers:
