Wednesday, September 24, 2014

General Economics

Fox Business | New Home Sales Jump 18% in August
Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.
Fox Business | World Bank Slashes Forecast for Russian Economy
The World Bank on Wednesday slashed its forecast for Russia's economy over the next two years, saying growth would stagnate amid a lack of structural reforms and Western sanctions over Russia's role in the Ukraine conflict.
Market Watch | Comcast, Time Warner Cable say merger wouldn’t reduce choice
Comcast Corp. and Time Warner Cable Inc. fired back at critics of their $45 billion proposed merger, defending the transaction against concerns it would make Comcast the gatekeeper of the online and pay TV world.
AEI | There is no rational basis for MetLife's SIFI designation
Earlier this month, the Financial Stability Oversight Council (FSOC) preliminarily designated MetLife as a systemically important financial institution, or SIFI.

Econ Comments & Analysis                                                                                            
Forbes | The Obama-Reagan Comparison Does O. No Favors
With the stock market cruising at all-time highs and the unemployment rate sitting at quaint levels, a fashionable new argument is making the rounds. Barack Obama is better at economic recovery than Ronald Reagan ever was.
Wall Street Journal | Alaska's Lessons for the Keystone XL Pipeline
Earlier this year the Obama administration again delayed a decision about the Keystone XL pipeline.
The Washington Times | Overcoming hardship to survive and thrive
We have heard much about the tragic events in Ferguson, MO, during which a young man lost his life, a community became enraged, and many differing definitions of justice emerged.

Wall Street Journal | More Americans Forgo Marriage as Economic Difficulties Hit Home
As long-term financial security becomes a pipe dream for more Americans, a growing share is giving up on marriage.
Wall Street Journal | Low-Income Home Buyers Left Behind
The home-buying market picked up sharply in 2013, but it looks as if much of the pickup came from those with the highest incomes.