Monday, October 6, 2014

General Economics

Fox News | Failed toll road privatization leaves Indiana in driver's seat
For once, it may be taxpayers who get away with highway robbery.
Market Watch | 6 things to watch for as economic clouds gather in Europe
More analysts are starting to believe that the Bank of England will be the first big central bank to hike rates. But just how soon will it begin to tighten the screw?

Econ Comments & Analysis                                                                                            
Wall Street Journal | Regulatory Capture 101
The financial scandal du jour involves leaked audio recordings that purport to show that regulators at the Federal Reserve Bank of New York were soft on Goldman Sachs . Say it ain’t so.
Bloomberg | World Bank Cuts Developing East Asia 2015 GDP Forecast
The World Bank lowered its forecasts for growth in developing East Asia this year and next as China’s expansion moderates and policy makers brace for tighter global monetary conditions.
CNN Money | Thomas Piketty: We don't know enough about inequality
There are few rock stars in economic and tax policy, but Thomas Piketty is one of them. The famous French economist is an authority on income inequality.
Mercatus Center | Income Inequality and Rising Health-Care Costs
A new Kaiser Family Foundation survey reports that health-insurance premiums rose by a “modest” 3% in 2013. Even more modest, however, was the 2.3% growth of workers’ earnings last year. These figures merely illustrate a long-term trend of rising health costs eating away at wages.
AEI | Creating more homeowners without building a crisis
Sales of existing homes in August were down 5.3% year-over-year. The housing lobby says credit is too tight. The commissioner of the Federal Housing Administration and the director of the Federal Housing Finance Agency (regulator of Fannie Mae and Freddie Mac) have called for lenders to further loosen lending standards.