News
Bloomberg | Service Industries in U.S. Grow at Fastest Pace Since August
Service industries expanded in May at the fastest pace in nine months as orders picked up, indicating improving sales will help the U.S. economy strengthen.
Market Watch | U.S. productivity falls 3.2% in brutally cold first quarter
U.S. productivity in the first quarter declined by an even sharper 3.2% annual rate - the worst in six years - as workers spent more time on the job producing fewer goods during an unusually stormy weather, newly revised data show.
CNN Money | The American Dream is out of reach
So say nearly 6 in 10 people who responded to CNNMoney's American Dream Poll, conducted by ORC International. They feel the dream -- however they define it -- is out of reach.
Bloomberg | Trade Gap Jumps to Two-Year High as Americans Buy Imports
The trade deficit ballooned in April to the widest in two years as Americans bought record amounts of consumer goods, business equipment and automobiles from abroad.
CNN Money | Why hasn't Main Street recovered like Wall Street?
If the five-year recovery from the Great Recession were a stereotypical college party, Wall Street would be the cool jocks drinking beers while everyday Americans would still be waiting for their invitations.
Econ Comments & Analysis
CNN Money | Owning a home no longer the American Dream
The great American Dream is dying. Even though many Americans still desire to own a home, they are losing faith in homeownership as a key to prosperity.
Investors | Will Obama's Long Economic Winter End In Recession?
Obamanomics: The bitter-cold winter is long over but an eery chill remains in the economy. This was the quarter consumers were supposed to snap back to life and rev up growth. It's not happening yet.
Real Clear Markets | Inequality In America: Fact or Fiction?
Claims of ever-increasing shares of wealth going to top earners are a perennial complaint. This year, partly due to the publication of Thomas Piketty's Capital in the Twenty-First Century, discussions of inequality are preoccupying policymakers and political pundits.
Washington Times | A model for rolling back outdated regulations
Very few people would argue for maintaining horse-and-buggy rules in the era of driverless cars, such as Google’s recently introduced prototype. Most rules still manage to linger on year after year — and they still have the force of law. Why?
AEI | Gas power
Vladimir Putin has an unappreciated ally in his aggression against Ukraine: Western environmentalism. Europe collectively has little will to stand up to him, in part because Europe has given Russia the key to its economy—its energy supply.
Blogs
Library of Economics | Uncertainty Can Go Both Ways
In a recent response to Byran Caplan on global warming, Yoram Bauman rested part of his argument against cost/benefit analysis on the issue of uncertainty.
