News
CNN Money | Hispanics' massive wealth gap
Hispanic households amassed $109,000 in wealth, on average, compared to $495,000 for all households in 2010, according to a recent report by St. Louis Federal Reserve researchers.
National Journal | The Case for International Institutions
What if global powerhouse institutions, which people love to hate in a knee-jerk way, actually did their jobs pretty well during the Great Recession? That's the premise of The System Worked: How the World Stopped Another Great Depression (Oxford University Press, 2014), a counterintuitive book from Daniel Drezner, a professor of international politics at Tufts University, as well as a prolific tweeter and frequent contributor to The Washington Post.
CNN Money | Wells Fargo is lending its mountain of cash
In its second quarter earnings report Friday, Wells Fargo (WFC)showed a solid jump in loan and deposit growth, a sign that it continues to function more like a main street local bank than an investment banking powerhouse.
Econ Comments & Analysis
Washington Times | Returning federal lands back to the states
Tensions are rising in the wake of federal busybodies who are making such pests of themselves that land, and who owns it, is becoming a hot-button issue west of the Rockies. Nevada cattle rancher Cliven Bundy’s high-profile standoff with the Bureau of Land Management earlier this year put the issue into the headlines.
Real Clear Markets | Renewable Fuel Standards Are a Pain In the Gas
Washington has a long-standing fascination with the nation's energy markets that generates an endless stream of legislation and regulation in pursuit of a wide range of policy objectives, from energy independence to climate change.
CNN Money | Business wants immigration reform. Why? Because they can't find enough workers
As the nation deals with an immigration crisis at its borders, businesses are stepping up their calls for reform.
Forbes | The Supreme Court's Fiercest Fights Are Mostly About Other People's Money
With the Supreme Court’s session finished for the term, many commentators have been looking back over all their decisions and highlighting trends and key cases. Many of the commentators have focused on the political split between the liberal and conservative justices or between the female and male ones. However, allow me to propose a new way of analyzing the cases: look at whether the litigation involves other people’s money.
Mercatus | State Economic Prosperity and Taxation
Policymakers frequently debate how different methods of taxation affect their states’ economies. While most economists agree that higher taxes result in reduced investment and innovation, previous studies have not found overwhelming evidence that higher tax rates lead to lower economic growth.
AEI | Does innovation lead to prosperity for all?
Without a doubt, exciting new technologies, including in robotics, 3-D printing, and gene therapy, are impressive. Blood markers and the ability to reengineer genetic DNA have achieved fantastic breakthroughs. Nanotechnology and biotechnology have improved living standards significantly. In the future, machine-to-machine interfacing and the use of ultra-powerful quantum computing will know no bounds.
Blogs
WSJ | Business Executives More Likely Than Public to Say Inequality Is a Problem
U.S. executives are more likely than the general public to see economic inequality as a problem, according to a Harris Poll released Tuesday. Though, they were divided on how big an issue inequality is.
WSJ | Are More Young Adults Falling Through the Cracks?
It’s summertime, and the livin’ is easy for many young Americans—unless, that is, they’re not working, not in school and feeling incredibly anxious about looking lazy.
CATO | Ignoring the Law of Supply and Demand
A recent report from Fannie Mae finds that baby boomers are not leaving their comfortable suburban homes for lively inner-city communities with walkable streets. As a news article about the report observes, this challenges the “conventional wisdom that ‘empty nester’ baby boomers would eventually downsize from the homes where they raised families, flocking instead to apartments or condos.”
