Tuesday, August 19, 2014

General Economics

Fox News | Power plant regs spur new union rebellion for Obama administration
The Obama administration is facing another union rebellion over its environmental policies, this time over the EPA’s proposed rules for limiting power plant emissions.
Bloomberg | Home Construction Rebounds in U.S. as Inflation Eases: Economy
Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation.

Econ Comments & Analysis                                                                                            
Washington Times | When regulators break their own rules
A major function of most regulatory agencies is to keep those in the private sector honest and from abusing power. Yet we know that those in government often abuse the power that has been entrusted to them.
Wall Street Journal | Liberals for Social Security Insolvency
On July 15 the Congressional Budget Office rolled out updated projections that show a precipitous decline in Social Security's solvency. The program's 75-year deficit has nearly quadrupled since 2008, and the trust fund's exhaustion date has moved forward by nearly 20 years.
Real Clear Markets | America Has a Retirement Spending Problem
Achieving a secure retirement is a complex endeavor. Working-age households are charged with saving the right amount to enable a similar standard of living in retirement as that enjoyed during their working years.
Bloomberg | Only Rich Know Wage Gains With No Raises for U.S Workers
Call it the no-raises recovery: Five years of economic expansion have done almost nothing to boost paychecks for typical American workers while the rich have gotten richer. | Wheels Are Coming Off California's Ballyhooed Comeback
Stop the music. All the merriment over the California recovery may have been a bit premature.