News
CNN Money | 1 in 5 rely on food stamps here
Nearly one in five people are on food stamps in five states, a stark reminder that the Great Recession continues to be a drag on the nation's poorest.
Bloomberg | Million-Dollar Home Sales Thrive While Low End Stumbles
Purchases costing $1 million or more rose 7.8 percent in March from a year earlier, according to data released last week by the National Association of Realtors. Transactions for $250,000 or less, which represent almost two-thirds of the market, plunged 12 percent in the period.
Econ Comments & Analysis
Washington Times | LAMBRO: Obama’s economic stall-out
Certainly, a bitter winter took its toll on growth, but it was not the driving force behind a snail’s-pace economy. Its precipitous plunge into recession-leaning territory — defined by two back-to-back quarters of near-minus growth — was driven by multiple weaknesses across the nation’s economic landscape.
Real Clear Markets | Inequality Outbursts Are a Consequence of Bad Money
That the inequality that so disturbs these intellectuals of both eras coincides exactly with unsound money. Therefore, empirically speaking, sound money and inequality is thus inversely correlated.
Washington Times | EDITORIAL: The war on plastic bags, bottled water and convenience
With each ban, prohibition and regulation, the left is killing freedom of choice, replacing it with the choices made by bureaucrats. If they can take away functional toilets, light bulbs, coffee cups and water, what can’t they do? Will soda pop speakeasies be far behind?
AEI | Money market funds were a victim, not a cause, of the financial crisis
Blaming the creation of Treasury's MMF insurance fund on the so-called "run" on the Reserve Primary Fund distracted many--apparently including the Wall Street Journal--from the real reasons the Treasury's insurance system was established.
Blogs
Washington Post: Wonkblog | Why the first-quarter GDP may get even uglier
Barclays economist Cooper Howes said his calculations show a 0.2 percent decline. In either case, it would represent the worst performance for the recovery in three years.
