News
Market Watch | U.S. housing starts decline 1.6% in November
Construction started on new U.S. homes declined 1.6% in November, led down by single-family homes, signaling some market shakiness, according to government data released Tuesday.
Econ Comments & Analysis
Wall Street Journal | The Reagan-Clinton Template for Success
After his re-election to become the next majority leader of the Senate, Mitch McConnell’s first words were not about his or his party’s wins but rather about America’s winning formula. Recalling that the nation’s legacy of strong economic growth has long coexisted with a tradition of divided government, Sen. McConnell suggested that the new Congress should try to replicate the bipartisan achievements of Ronald Reagan and Bill Clinton that delivered the most prosperous times in the past half-century.
Tuesday, December 16, 2014
Health Care
News
Wall Street Journal | A Lull Before the ObamaCare Rate Storm
Americans visiting Healthcare.gov to purchase 2015 health-insurance plans are finding a nice surprise: Average premiums for the cheap “bronze” plans have increased only by 3.4% and premiums for the middle-of-the-road “silver” plans are rising by 5.8%, according to the American Action Forum. Where are the double-digit premium increases that so many predicted? Check back around this time in 2016. That’s when you’ll see the real spikes.
Econ Comments & Analysis
Market Watch | How Obamacare helped Wall Street
In a era in which Washington has sold out its constituents with the regularity of a presidential golf outing, what happened last week was a double-eagle.
Wall Street Journal | A Lull Before the ObamaCare Rate Storm
Americans visiting Healthcare.gov to purchase 2015 health-insurance plans are finding a nice surprise: Average premiums for the cheap “bronze” plans have increased only by 3.4% and premiums for the middle-of-the-road “silver” plans are rising by 5.8%, according to the American Action Forum. Where are the double-digit premium increases that so many predicted? Check back around this time in 2016. That’s when you’ll see the real spikes.
Econ Comments & Analysis
Market Watch | How Obamacare helped Wall Street
In a era in which Washington has sold out its constituents with the regularity of a presidential golf outing, what happened last week was a double-eagle.
Monetary
Econ Comments & Analysis
Market Watch | The chasm between the market and the Fed might be bridged in 2015
Federal Reserve officials and financial markets have wildly divergent views on the pace of the upcoming rate hikes for some time, with central bankers assuming a steeper path than traders.
Market Watch | The chasm between the market and the Fed might be bridged in 2015
Federal Reserve officials and financial markets have wildly divergent views on the pace of the upcoming rate hikes for some time, with central bankers assuming a steeper path than traders.
Taxes
Econ Comments & Analysis
Bloomberg Businessweek | Why Raising Taxes Won't Fix Global Inequality
Last week, the Organization for Economic Cooperation and Development issued areport on inequality and economic growth. The OECD, based in Paris, is the official think tank for rich countries. Its analysis concluded that the income gap between the poor and the middle class contributes to declining economic growth. The United Kingdom and the United States lost 6 percentage points to 9 percentage points of gross domestic product growth over the last two decades because of rising inequality, the report suggested.
Bloomberg Businessweek | Why Raising Taxes Won't Fix Global Inequality
Last week, the Organization for Economic Cooperation and Development issued areport on inequality and economic growth. The OECD, based in Paris, is the official think tank for rich countries. Its analysis concluded that the income gap between the poor and the middle class contributes to declining economic growth. The United Kingdom and the United States lost 6 percentage points to 9 percentage points of gross domestic product growth over the last two decades because of rising inequality, the report suggested.
Employment
Econ Comments & Analysis
Real Clear Markets | Union Elections Make Cuba's Seem Fair
Where in the world do authorities decide who is eligible to vote after the vote is counted, and then discard the ballots of voters who are deemed ineligible? Plus, these authorities limit free speech before the election. Not Cuba. Not Russia. The answer, sadly, is the United States of America, at least with respect to union elections.
Real Clear Markets | Union Elections Make Cuba's Seem Fair
Where in the world do authorities decide who is eligible to vote after the vote is counted, and then discard the ballots of voters who are deemed ineligible? Plus, these authorities limit free speech before the election. Not Cuba. Not Russia. The answer, sadly, is the United States of America, at least with respect to union elections.
Budget
Econ Comments & Analysis
Market Watch | Budget battle is likely to heat up next year
Congress last week barely managed to approve a funding bill negotiated by a bipartisan group of lawmakers, working under spending guidelines set by each party’s budget gurus.
Market Watch | Budget battle is likely to heat up next year
Congress last week barely managed to approve a funding bill negotiated by a bipartisan group of lawmakers, working under spending guidelines set by each party’s budget gurus.
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