News
WSJ | Drop in Short Sales Trims House Inventory
Short sales of underwater homes have fallen sharply amid the expiration of a key tax break, a situation that could slow the housing recovery and further limits an already thin supply of houses for sale.
CNN Money | Oil prices spark economic growth concerns
Islamist militant gains in Iraq sent world oil prices higher Monday, sparking concerns that this could hurt global economic growth, especially in Europe where the recovery seems to be faltering.
Market Watch | Consumers, businesses still penny pinching
Hiring is up. Car sales are strong. U.S. manufacturers are growing faster. The economy seems to have emerged from a winter slumber on an upbeat path.
WSJ | Cities in South, West to Grow Faster
The U.S. economy seems headed to a long-run growth rate well below 3%, but some metropolitan areas will see their economies surge above 4% annually for the rest of this decade, according to a study released by the U.S. Conference of Mayors.
Washington Times | U.S. oil flow helps keep prices in check as threats rise overseas
America’s growing energy independence is paying major dividends this spring, helping to keep a lid on fuel prices despite sudden threats to major global oil supplies in Iraq and Russia that in the past would have sent prices soaring.
Econ Comments & Analysis
NY Post | The greatest wealth transfer in human history is coming
It’s the greatest migration of wealth ever to hit humanity: The unprecedented flood of money, four times the size of the US gross domestic product, that will be passed along to a younger generation over the next half-century.
WSJ | 'Pikettymania' and Inequality in the U.S.
The attention that's been showered on Thomas Piketty's best-selling tome, "Capital in the 21st Century," has been something to behold. Pikettymania has raised public awareness of inequality in the U.S. as no one has managed to do since the 1960s. Predictably, Mr. Piketty, a professor at the Paris School of Economics, is being lionized by the left and vilified by the right.
Real Clear Markets | 'Doing Something' To Help the Poor Is Often Impoverishing
The desire to help the poor is an understandable one. Almost all of us want to do so, and even those with the most negative views about the welfare state probably agree that there is a strong moral duty to help the poor.
Washington Times | New EPA rule will burden the economy
Earlier this month, the Obama administration offered its latest and best thoughts on how to rearrange the American economy — and bring yet another part of it firmly under the control of the federal government.
Forbes | Rob Lowe Explains Economics Through Stories Once Only Told To His Friends
It was during high school in the Los Angeles area in the late 1980s that my political views began to take shape. Though I’d self-identified from early childhood as a Republican (kids usually adapt their parents’ Party affiliation), it was then that I started to read National Review, books by Thomas Sowell, and most prominently of all, I began reading the Wall Street Journal’s editorial page (overseen by the legendary editor Robert Bartley) on a daily basis.
Heritage Foundation | Reducing the Burden on Small Public Companies Would Promote Innovation, Job Creation, and Economic Growth
Securities and Exchange Commission (SEC) regulations impose high costs on companies seeking to access the public securities markets. These costs are prohibitively high for small and medium-sized companies and impede their ability to access the capital needed to grow, innovate, and create jobs.
