Thursday, February 19, 2015

General Economics

Market Watch | U.S. jobless claims fall 21,000 to 283,000
The number of people who applied for unemployment benefits sank by 21,000 to 283,000 in the seven days from Feb. 8 to Feb. 14, signaling that layoffs remain low and the pace of the hiring in the U.S. is still strong.
Market Watch | Germany rejects Greece's loan-extension proposal
Germany has rejected Greece's request for a six-month loan-extension agreement, saying the letter is not a "a substantial proposal" for a solution.". The Greek government earlier on Thursday submitted its loan proposal, but made clear it wouldn't accept all the strict austerity measures required under the current bailout program.

Econ Comments & Analysis                                                                                            
White House - Council of Economic Advisers | The 2015 Economic Report of the President
This morning, the Council of Economic Advisers released the 69th-annual Economic Report of the President, which reviews the United States’ accelerating recovery and ways to further support middle-class families as the recovery continues.
New York Times | Inequality Has Actually Not Risen Since the Financial Crisis
The notion that income inequality has continued to rise over the past decade is part of the conventional wisdom. You’ve no doubt heard versions: The rich just keep getting richer. Inequality is higher than ever. Nearly all of the gains from the economic recovery have gone to the top 1 percent.
Reason | No Gatekeepers
For years, people assumed encyclopedias had to be created by professionals. Then Wikipedia founder Jimmy Wales attempted to create an encyclopedia without central planners.