Thursday, January 29, 2015

General Economics

Market Watch | Jobless claims fall to 265,000 lowest level since 2000
The number of people who applied for U.S. unemployment-insurance benefits plunged 43,000 to 265,000 in the week that ended Jan. 24, hitting the lowest tally in 14 years, according to Labor Department data released Thursday.

Econ Comments & Analysis                                                                                            
Forbes | Obama's Higher Education Policies Are Designed To Increase Dependence On Government
As part of his State of the Union speech, President Obama proposed a partnership of federal and state government funding to make two years of community college free for everyone. Yet, oddly, at the same time he proposed removing some of the tax advantages of 529 accounts which millions of Americans use to save for college expenses.
Market Watch | What the oldest stock market index is telling us
If cheaper oil were a net positive for the economy, one of the first places you’d expect to see it show up is the transportation sector. Yet it hasn’t: Over this same five-week period, the Dow Transports have fallen nearly 2%.
Market Watch | Some ugly truths about the bank bailouts
More than 4 million Americans lost their homes in the wake of the financial crisis, but the vast majority of lenders survived through government assistance rushed to Wall Street in the fall of 2008.
Market Watch | Lies, damned lies and Greece’s debt default
Can we stop it, please, with the Greek debt panic?
Real Clear Markets | Unemployment Sank When We Stopped Paying For It
According to the National Bureau of Economic Research, the official arbiter of US business cycles, the "great recession" ended in June 2009. But in the half decade since then, the US economy has experienced the feeblest recovery on record with real GDP growing at a rate of just 2.4%.

Wall Street Journal | 5 Things to Watch In Friday's U.S. GDP Report
The government offers its broadest snapshot of the 2014 economy Friday with the first estimate of how much the economy grew in the final quarter.