News
Politico | EPA carbon proposal faces major hurdles
The carbon rule that the Environmental Protection Agency issued Monday is President Barack Obama’s last best hope for a legacy on climate change, and could fulfill environmentalists’ hopes for dramatically lessening the United States’ reliance on coal.
FOX Business | Monthly Auto Sales Hit Pre-Recession Levels
Top automakers on Tuesday reported higher-than-expected U.S. new car sales in May, with consumer demand continuing to gather strength as temperatures rise across the country.
National Journal | Should the Government Force Food-Stamp Users to Eat Better?
Food-stamp users would be much healthier if they were forbidden to spend federal dollars on soda, but subsidizing part of the cost of their fruits and vegetables would not have a significant impact on obesity and diabetes, according to a new report from Stanford University.
FOX News | ISM corrects US factory index to show solid growth in May; orders and production jump.
The Institute for Supply Management has twice corrected its May manufacturing index to show that factories grew at a strong pace last month. The original report said that manufacturers had expanded at a weaker pace.
Free Beacon | USDA Creating $1.9 Million Research Center Devoted to Changing American’s Food Choices
The U.S. Department of Agriculture (USDA) is creating a $2 million research center to study how the government can “nudge” Americans toward making healthier eating habits.
Econ Comments & Analysis
Market Watch | Most home builders see shortage of lots to build
Families buying new homes can expect prices to continue to rise, as builders say there’s a low supply of developed lots and that properties suitable for new housing have become more expensive.
WSJ | The New Anti-Coal Rules Will Cut Jobs and Hurt the Economy
On Monday, the Obama administration unveiled new regulations to restrict the amount of carbon dioxide produced by existing power plants. While we agree that America needs to balance energy needs with environmental concerns, the timing of this effort could hardly be worse for the struggling U.S. economy.
Market Watch | The next four days could rock uneasy markets
U.S. markets have been floating along in uneasy calm, with low volume, low volatility, and a looming fear that threats could soon rock that complacency. Such a threat may arrive in the coming days.
Washington Times | Obama’s amazing shrinking economy
America’s economy is backsliding again, and it’s too late now for Barack Obama to put the blame on George. It can’t be his fault, so the weather is taking the fall for the 1 percent decline in the gross domestic product. America, so the explanation goes, couldn’t thrive during the winter because it was cold outside. Where’s that global warming when we need it?
Washington Times | How fracking has saved Obama
Without fracking of oil and gas deposits, there would have been no economic growth in the U.S. over the past five years. Yet the oil and gas industry has been a favorite whipping boy of the environmental zealots both inside and outside of the administration. Without those brilliant entrepreneurs and engineers in the private sector who developed the new techniques to unlock massive amounts of oil and gas at reasonable cost, it is unlikely that President Obama would have been re-elected.
