News
Wall Street Journal | Japan Falls Into Recession
Japan’s economy shrank for a second quarter in a row, after a sales-tax increase took the steam out of Prime Minister Shinzo Abe ’s bid to turn Japan into a global model of revival.
Wall Street Journal | Obama Looks to Jump-Start Export Push
The Obama administration will fall well short of its goal of doubling exports in five years. But it is hoping to secure a longer-run victory on the trade front with sweeping new agreements in the next two years.
Market Watch | Industrial production falls unexpected 0.1% in October
Industrial production fell a seasonally adjusted 0.1% in October, the second drop in the last three months, the Federal Reserve said Monday. The decline was unexpected.
Monday, November 17, 2014
Health Care
News
CNN Money | Obamacare 2.0 kicks off with few hitches
Obamacare 2.0 opened for enrollment early Saturday morning with less fanfare and fewer glitches than a year ago. I was able to easily create an account and, aside from some consumers having trouble remembering passwords and confirming their identities, saw few reports of any major problems. Last year, the site crashed almost immediately.
CNN Money | Obamacare 2.0 kicks off with few hitches
Obamacare 2.0 opened for enrollment early Saturday morning with less fanfare and fewer glitches than a year ago. I was able to easily create an account and, aside from some consumers having trouble remembering passwords and confirming their identities, saw few reports of any major problems. Last year, the site crashed almost immediately.
Monetary
News
Market Watch | Fed's Powell suggests mid-2015 time for first rate hike
The first rate hike will likely come in 2015 perhaps around mid-year, said Federal Reserve Governor Jerome Powell on Monday.
Market Watch | Fed meeting with major banks, regulators to develop Libor alternative
The Federal Reserve said Monday it is meeting with representatives from 15 banks as well as U.S. and foreign regulators to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in derivative contracts.
Market Watch | Fed's Powell suggests mid-2015 time for first rate hike
The first rate hike will likely come in 2015 perhaps around mid-year, said Federal Reserve Governor Jerome Powell on Monday.
Market Watch | Fed meeting with major banks, regulators to develop Libor alternative
The Federal Reserve said Monday it is meeting with representatives from 15 banks as well as U.S. and foreign regulators to discuss the process for developing risk-free reference rate alternatives to the current London Interbank Offered Rate for use in derivative contracts.
Taxes
Blogs
AEI | The GOP really needs to rethink its approach to tax cuts
My friend Steve Moore, Heritage Foundation chief economist and former Wall Street Journal writer, doesn’t like the conservative idea of cutting the tax burden and increasing take-home pay of American parents by expanding the child tax credit.
AEI | The GOP really needs to rethink its approach to tax cuts
My friend Steve Moore, Heritage Foundation chief economist and former Wall Street Journal writer, doesn’t like the conservative idea of cutting the tax burden and increasing take-home pay of American parents by expanding the child tax credit.
Employment
News
Market Watch | A majority of Americans make less than $20 per hour
According to data compiled by Goldman Sachs, most American workers earn below $20 per hour. Goldman Sachs economists David Mericle and Chris Mischaikow crunched Labor Department data that is used to generate the monthly jobs report that the market closely watches, in particular from the survey of employers.
Econ Comments & Analysis
Forbes | What Republicans Can Do About Stagnating Wages
The 2014 midterms were a referendum on the left’s economic agenda. Republicans were handed the House and Senate in a historic landslide. Exit polls showed voters’ biggest concern was the economy, which has sputtered after six years of big government policies. Now, it’s the right’s turn.
Market Watch | A majority of Americans make less than $20 per hour
According to data compiled by Goldman Sachs, most American workers earn below $20 per hour. Goldman Sachs economists David Mericle and Chris Mischaikow crunched Labor Department data that is used to generate the monthly jobs report that the market closely watches, in particular from the survey of employers.
Econ Comments & Analysis
Forbes | What Republicans Can Do About Stagnating Wages
The 2014 midterms were a referendum on the left’s economic agenda. Republicans were handed the House and Senate in a historic landslide. Exit polls showed voters’ biggest concern was the economy, which has sputtered after six years of big government policies. Now, it’s the right’s turn.
Friday, November 14, 2014
General Economics
News
Fox Business | Strong Dollar, Weak Oil Lead Import Prices Lower
U.S. import prices fell in September by the most in more than two years as the cost of petroleum products declined and a strong dollar made it cheaper for Americans to buy goods from abroad.
Market Watch | U.S. business inventories climb 0.3% in September
Business inventories rose 0.3% in September to a seasonally adjusted $1.76 trillion, the Commerce Department said Friday.
Market Watch | Consumer sentiment highest since mid-2007: reports
The preliminary November reading on the University of Michigan/Thomson Reuters consumer-sentiment index rose to 89.4-- the highest level since July 2007 -- from a final October reading of 86.9, according to reports on data released Friday.
Market Watch | U.S. retail sales snap back in October
Sales at U.S. retailers rose in October, snapping back from the first decline in eight months, as plunging gasoline prices gave consumers more money to spend on other goods and services.
Market Watch | U.S. import prices drop 1.3% in October
The prices paid for imported goods fell 1.3% in October, the Labor Department said Friday.
Econ Comments & Analysis
AEI | Are rich Americans just a bunch of rent-seeking suits? Piketty says so. But he might be wrong
It matters, I think, if the rich are mostly getting richer because (a) technology and globalization enables more value creation or (b) they’re able to somehow manipulate the system.
Blogs
Wall Street Journal | Americans Save on Gas, Spend at Restaurants in October
U.S. consumers are spending more at restaurants as gasoline prices fall. Department stores, not so much.
Fox Business | Strong Dollar, Weak Oil Lead Import Prices Lower
U.S. import prices fell in September by the most in more than two years as the cost of petroleum products declined and a strong dollar made it cheaper for Americans to buy goods from abroad.
Market Watch | U.S. business inventories climb 0.3% in September
Business inventories rose 0.3% in September to a seasonally adjusted $1.76 trillion, the Commerce Department said Friday.
Market Watch | Consumer sentiment highest since mid-2007: reports
The preliminary November reading on the University of Michigan/Thomson Reuters consumer-sentiment index rose to 89.4-- the highest level since July 2007 -- from a final October reading of 86.9, according to reports on data released Friday.
Market Watch | U.S. retail sales snap back in October
Sales at U.S. retailers rose in October, snapping back from the first decline in eight months, as plunging gasoline prices gave consumers more money to spend on other goods and services.
Market Watch | U.S. import prices drop 1.3% in October
The prices paid for imported goods fell 1.3% in October, the Labor Department said Friday.
Econ Comments & Analysis
AEI | Are rich Americans just a bunch of rent-seeking suits? Piketty says so. But he might be wrong
It matters, I think, if the rich are mostly getting richer because (a) technology and globalization enables more value creation or (b) they’re able to somehow manipulate the system.
Blogs
Wall Street Journal | Americans Save on Gas, Spend at Restaurants in October
U.S. consumers are spending more at restaurants as gasoline prices fall. Department stores, not so much.
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