Tuesday, September 23, 2014

General Economics

Market Watch | Home prices rise 0.1% in July: FHFA
Home prices rose a seasonally adjusted 0.1% in July, slower than a 0.3% gain in June, according to data released Tuesday.
CNN Money | Is the economic recovery real? 3 stats to watch
There is so much data on the economy now, it is hard to figure out what is most important.
Market Watch | U.S. Markit flash PMI flat at 57.9 in September
The "flash" reading of U.S. manufacturing conditions was unchanged in September at 57.9, keeping the indext at a 52-month high, the privately run firm Markit said Tuesday.
Wall Street Journal | Obama Takes U.N. Rostrum to Back World Emissions Cuts
President Barack Obama will use a speech at the United Nations on Tuesday to argue that the U.S. is ready to lead in a new set of global climate-change negotiations, despite uncertain commitment to emissions cuts from U.S. and other countries and political disagreement at home.

Econ Comments & Analysis                                                                                            
The Washington Times | The long-run solution to an economic mess
Yes, the world is a mess - but there is a long-run solution.

Wall Street Journal | Hispanics Were the Only Major Group to See Poverty Drop Last Year
Last week’s news that the official U.S. poverty rate fell for the first time in seven years to 14.5% from 15% was greeted lukewarmly—and for good reason.

Health Care

The Daily Signal | Why You Can’t Keep Your Plan Under Obamacare, Explained in 3 Minutes
In 2009, President Obama repeatedly told the American people, “If you like the plan your health care plan, you’ll be able to keep your health care plan, period.”

Econ Comments & Analysis                                                                                            
NBER | Controlling Health Care Costs Through Limited Network Insurance Plans: Evidence from Massachusetts State Employees
Recent years have seen enormous growth in limited network plans that restrict patient choice of provider, particularly through state exchanges under the ACA.


Fox Business | Fed's George: Small Banks Ensnared in Regulation
Federal Reserve Bank of Kansas City President Esther George said Tuesday small banks around the nation are being hurt by rulemaking aimed at too-big-to-fail financial institutions.
Bloomberg | Kocherlakota Says Fed Should Give Timetable on 2% Inflation Goal
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said policy makers should improve communications by saying how long they expect it will take for price increases to reach their target level.

Econ Comments & Analysis                                                                                            
Wall Street Journal | Behind the Fed's Dovish Turn on Rates
The battle at the Federal Open Market Committee is now on. Score the previous meeting in late July for the inflation hawks, but last week's meeting went for the doves, who are more worried about jobs.


Econ Comments & Analysis                                                                                            
The Washington Times | EDITORIAL: Pink slips for the death tax
New Jersey is bleeding jobs.
Wall Street Journal | A Pro-Family, Pro-Growth Tax Reform
Too many Americans believe the American dream is slipping away for them and their children. They see their cost of living rise while their paychecks remain stagnant.
Market Watch | Treasury unveils measures to combat tax inversions
The Obama administration went on a regulatory offensive against U.S. companies that move to lower-tax countries, issuing new rules that take away major benefits of the deals.


CNN Money | 1 in 5 laid-off workers can't find a job
More than 20% of workers laid off in the last five years haven't found new jobs, according to a Rutgers University survey released Monday.
CNBC | Study: Recovery eludes long-term unemployed
More than 20% of Americans laid off the past five years are still unemployed and one in four who found work is in a temporary job, according to a survey out Monday.


Real Clear Markets | The Myth That Record American Wealth Explodes
Although any governmental report that presumes to put a number on total American wealth is bound to be riddled with inaccuracies, a Federal Reserve study last week revealed that American household wealth had risen to a record high of $81.5 trillion.