Friday, August 8, 2014

General Economics

National Journal | Is It Too Soon After the Recession to Roll Back Food-Stamp Programs?
As the U.S. economic recovery accelerates, states are beginning to wind down special allowances for food assistance that were put in place during the recession. Some states no longer qualify for allowances because their economies have recovered, while others reject them for political reasons.
Fox News | What Economic Recovery
President Obama was doing a little jig on the tables last week at the White House – figuratively, or course – when we got a decent jobs and GDP report.
CNN Money | Thanks Putin! German stocks pummeled
German investors are feeling the pain of escalating tensions with Russia that may have already pushed Europe's largest economy into reverse.
Market Watch | U.S. wholesale inventories rise 0.3% in June
U.S. wholesale inventories grew by 0.3% in June, while sales increased 0.2%, the U.S. Commerce Department reported Friday.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Anniversary of a Market Event That Changed Everything
Tomorrow is an auspicious anniversary largely unknown to even confident observers of the panic period, with events of that date changing the very character of the financial system irredeemably.
The Fiscal Times | Obama’s $11 Billion High Speed Rail to Nowhere
The Obama administration has spent almost $11 billion to build a high-speed rail system that doesn't seem to be going anywhere.
Politico Magazine | Do Your Job, Mr. President
"For every complex problem, there is a solution that is simple, neat, and wrong."
Market Watch | The most popular gauge of world growth is useless
GDP is the cornerstone of how we measure economies. But increasingly, it is meaningless.

Wall Street Journal | WSJ Survey: Economists See Second-Half GDP Growth of 3%
The U.S. economy looks set to steadily accelerate after a weather-pummeled first-half crawl, but the most upbeat economists in The Wall Street Journal's monthly forecasting survey say the business sector holds the key to even stronger growth during the second half.
Wall Street Journal | U.S. Firms Put Teens To Work To Keep Them From Dropping Out of School
A failure to obtain a high school diploma can be a costly decision for the person who drops out and for society as a whole. That’s why some businesses are getting involved by putting teens to work, as a story in the Journal showed today.