Wednesday, February 11, 2015

General Economics

Econ Comments & Analysis                                                                                            
Bloomberg View | Meet Greece Halfway, Europe
Tonight Greece's new finance minister, Yanis Varoufakis, is scheduled to make a proposal to his European Union counterparts. The importance of this negotiation would be hard to exaggerate: At stake is the future of the euro system.
Forbes | Will Europe Drag Down The World?
While Greece is dominating the headlines, two other recent pieces of news underscore why the EU is in a serious economic and political crisis that could have devastating consequences for the U.S. and the rest of the world.


Market Watch | A look at what’s behind the ‘Audit the Fed’ battle
Calls to “audit the Fed” have returned to the spotlight with a vengeance after Sen. Rand Paul, Republican of Kentucky, introduced the bill last month and made it the centerpiece of a presidential campaign stop in Iowa.


Market Watch | Number of tax refunds nearly doubles compared to last year
It’s early in the 2015 tax season but Americans are already getting refunds — lots of them.

Econ Comments & Analysis                                                                                            
Forbes | The Real Reason That US Corporate Income Tax Receipts Are Falling
It’s a fairly common complaint over in certain corners of the left that that the US just isn’t taxing corporate profits enough. The share of GDP that is collected by the corporate income tax has fallen and this is all the proof anyone needs that we really just should be taxing profits more highly.


Market Watch | U.S. job openings hit highest level since 2001
Job openings in the U.S. rose in December to the highest amount since 2001 and the pace of hiring returned to prerecession levels, but companies are still taking their time before adding new workers.

Econ Comments & Analysis                                                                                            
Washington Times | The big lie about jobs
For the past six years of the Obama economy, I've been telling readers that the administration has been juggling its job data to make the unemployment rates look much lower than they really are.
National Review | There’s No Such Thing as the ‘Real Unemployment Rate’ 
The CEO of one of the world’s most prominent polling and analysis firms, Jim Clifton of Gallup,wrote a bombshell column last week: The unemployment rate reported by the federal government and widely cited by the media is “a Big Lie.”