News
National Journal | Time Is Running Short for Big Obamacare Push
The president's allies are mounting a multi-million dollar campaign to sell the health care law. Is anyone paying attention?
CNN Money | The marketing of Obamacare exchanges begins
In a little more than 100 days, Obamacare health insurance exchanges in each state will open for enrollment. But a lot of Americans don't know that.
Econ Comments & Analysis
WSJ | John Kerry's ObamaCare Boondoggle
A bipartisan backlash is growing against another section of President Obama's health-care law. The president can blame this latest embarrassment on none other than Secretary of State John Kerry.
Blogs
CATO | No Obamacare Exchange in 36 Mississippi Counties?
My reading of the statute is that this should have little effect on the penalties that Mississippians face under Obamacare, since the state’s refusal to establish an exchange has already exempted 128,000 residents from penalties under the individual mandate, and all Mississippi employers from penalties under the employer mandate.
Friday, June 21, 2013
Monetary
News
Bloomberg | Fed Seen by Economists Trimming QE in September, 2014 End
The Federal Reserve (TREFTOTL) will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.
Econ Comments & Analysis
WSJ | Central Banks and the Borrowing Addiction
Have financial markets become a giant crack house? Investors have certainly been acting like a bunch of junkies lately.
Real Clear Markets | Shades of 1935 In the FOMC's 'Tapering'?
The volume of scholarship dedicated to solving the economic riddle of the Great Depression is simply astounding. There has been so much academic and intellectual energy devoted to the economic circumstances of the decade of the 1930's that it easily surpasses even the hold the era still has on the popular imagination even eight decades on.
Washington Times | Paper tiger
The Federal Reserve served notice this week that it will begin scaling back its costly economic stimulus program this year that has been propping up the chronically weak Obama economy.
WSJ | Monetary Withdrawal Symptoms
Markets are always worth listening to, but sometimes they are also hard to figure. We'll admit to putting Thursday's global stock-market and commodities rout in that category. Chairman Ben Bernanke declared on Wednesday that eventually the Federal Reserve will stop its extraordinary bond purchases, and investors acted Thursday as if it that were a shocker.
Blogs
Economist | China's Volcker shock
If you fix the price of something, the quantity demanded may vary a lot. If instead you fix the thing's quantity, then prices will jump around. Most central banks now peg the interest rate at which banks can borrow reserves.
Bloomberg | Fed Seen by Economists Trimming QE in September, 2014 End
The Federal Reserve (TREFTOTL) will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.
Econ Comments & Analysis
WSJ | Central Banks and the Borrowing Addiction
Have financial markets become a giant crack house? Investors have certainly been acting like a bunch of junkies lately.
Real Clear Markets | Shades of 1935 In the FOMC's 'Tapering'?
The volume of scholarship dedicated to solving the economic riddle of the Great Depression is simply astounding. There has been so much academic and intellectual energy devoted to the economic circumstances of the decade of the 1930's that it easily surpasses even the hold the era still has on the popular imagination even eight decades on.
Washington Times | Paper tiger
The Federal Reserve served notice this week that it will begin scaling back its costly economic stimulus program this year that has been propping up the chronically weak Obama economy.
WSJ | Monetary Withdrawal Symptoms
Markets are always worth listening to, but sometimes they are also hard to figure. We'll admit to putting Thursday's global stock-market and commodities rout in that category. Chairman Ben Bernanke declared on Wednesday that eventually the Federal Reserve will stop its extraordinary bond purchases, and investors acted Thursday as if it that were a shocker.
Blogs
Economist | China's Volcker shock
If you fix the price of something, the quantity demanded may vary a lot. If instead you fix the thing's quantity, then prices will jump around. Most central banks now peg the interest rate at which banks can borrow reserves.
Taxes
News
Politico | Federal report backs carbon tax for climate goals
A federal report is endorsing a carbon tax as a far better method to combat climate change than the current web of energy tax provisions.
FOX Business | How to Amend Your Income Tax Return
It happens all the time: You file your taxes only to later receive an important document listing a transaction that should have been included on the return. Or perhaps you realize that you forgot to take a deduction and you want to amend your income tax return to include the new information and either pay more tax or enjoy a refund.
Politico | Federal report backs carbon tax for climate goals
A federal report is endorsing a carbon tax as a far better method to combat climate change than the current web of energy tax provisions.
FOX Business | How to Amend Your Income Tax Return
It happens all the time: You file your taxes only to later receive an important document listing a transaction that should have been included on the return. Or perhaps you realize that you forgot to take a deduction and you want to amend your income tax return to include the new information and either pay more tax or enjoy a refund.
Employment
Blogs
The Volokh Conspiracy | “An Employment Puzzle”: Merritt on Washington & Lee’s Placement Results
Over at The Law School Cafe, Deborah Merritt has a very interesting post on the placement results for graduates of Washington & Lee’s law school, which adopted a much-discussed practice-oriented program for the 3L year.
The Volokh Conspiracy | “An Employment Puzzle”: Merritt on Washington & Lee’s Placement Results
Over at The Law School Cafe, Deborah Merritt has a very interesting post on the placement results for graduates of Washington & Lee’s law school, which adopted a much-discussed practice-oriented program for the 3L year.
Budget
News
FOX Business | EU Bail Fund Conditions Get Complicated
The European Union sought on Friday to forge rules to force losses on large savers when banks fail, a divisive reform that will shape how the euro zone deals with its sickly lenders.
FOX Business | EU Bail Fund Conditions Get Complicated
The European Union sought on Friday to forge rules to force losses on large savers when banks fail, a divisive reform that will shape how the euro zone deals with its sickly lenders.
Thursday, June 20, 2013
General Economics
News
Bloomberg | Sales of Existing U.S. Homes Rise More Than Forecast
Sales of previously owned U.S. homes climbed more than forecast in May to the highest level since November 2009 and prices jumped, indicating more progress for residential real estate.
National Journal | Are Cities the Key to U.S. Economic Growth?
The same support network that makes Silicon Valley a hub for technological innovation will save Northeast Ohio and other metropolitan areas around the country.
Bloomberg | Index of Leading Indicators in U.S. Rises Less Than Forecast
The Conference Board’s gauge of the outlook for the next three to six months increased 0.1 percent after a revised 0.8 percent gain in April that was higher than initially reported, the New York-based group said today. The median forecast of economists surveyed by Bloomberg called for a rise of 0.2 percent.
CNN Money | China factory activity hits 9-month low
China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy.
Bloomberg | Emerging Markets Crack as $3.9 Trillion Funds Unwind: Currencies
Investors are pulling money from emerging markets at the fastest pace in two years as slowing economic growth and the prospect of less global stimulus sink stocks, bonds and currencies from India to Brazil.
Econ Comments & Analysis
Forbes | It's Time For Congress To Privatize The Welfare State
Actually, some people do occasionally make gifts to federal entitlement programs. But gifts to the entire federal government were a paltry $241 million in 2010, the last year for which statistics are available.
WSJ | How Adam Smith Revived America's Oil Patch
The debut of a new truck engine rarely attracts much attention. But this spring Cummins Inc. released two new truck engines worthy of notice: They are designed to run on natural gas, not diesel. Natural gas is abundant, domestically produced, cleaner and cheaper than oil-derived diesel. It could help set America free of foreign oil.
Market Watch | The downsides to indexed investing
Passive index funds have been gaining massive popularity among retail investors for the last several years. The largest ETF has been for a long time the SPDR S&P 500 ETF with $140 billion under management, almost three times larger than its nearest competitor.
Washington Times | U.S. Chamber of Commerce sounds the alarm over ballooning entitlement spending
The U.S. Chamber of Commerce said Wednesday it will start a campaign to try to fix American entitlement programs, saying Social Security, Medicare and other programs are growing so quickly they will eventually crowd out other spending on infrastructure, defense and education.
CBO | Testimony on Means-Tested Programs and Tax Credits for Low-Income Households
The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets.
Bloomberg | Sales of Existing U.S. Homes Rise More Than Forecast
Sales of previously owned U.S. homes climbed more than forecast in May to the highest level since November 2009 and prices jumped, indicating more progress for residential real estate.
National Journal | Are Cities the Key to U.S. Economic Growth?
The same support network that makes Silicon Valley a hub for technological innovation will save Northeast Ohio and other metropolitan areas around the country.
Bloomberg | Index of Leading Indicators in U.S. Rises Less Than Forecast
The Conference Board’s gauge of the outlook for the next three to six months increased 0.1 percent after a revised 0.8 percent gain in April that was higher than initially reported, the New York-based group said today. The median forecast of economists surveyed by Bloomberg called for a rise of 0.2 percent.
CNN Money | China factory activity hits 9-month low
China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy.
Bloomberg | Emerging Markets Crack as $3.9 Trillion Funds Unwind: Currencies
Investors are pulling money from emerging markets at the fastest pace in two years as slowing economic growth and the prospect of less global stimulus sink stocks, bonds and currencies from India to Brazil.
Econ Comments & Analysis
Forbes | It's Time For Congress To Privatize The Welfare State
Actually, some people do occasionally make gifts to federal entitlement programs. But gifts to the entire federal government were a paltry $241 million in 2010, the last year for which statistics are available.
WSJ | How Adam Smith Revived America's Oil Patch
The debut of a new truck engine rarely attracts much attention. But this spring Cummins Inc. released two new truck engines worthy of notice: They are designed to run on natural gas, not diesel. Natural gas is abundant, domestically produced, cleaner and cheaper than oil-derived diesel. It could help set America free of foreign oil.
Market Watch | The downsides to indexed investing
Passive index funds have been gaining massive popularity among retail investors for the last several years. The largest ETF has been for a long time the SPDR S&P 500 ETF with $140 billion under management, almost three times larger than its nearest competitor.
Washington Times | U.S. Chamber of Commerce sounds the alarm over ballooning entitlement spending
The U.S. Chamber of Commerce said Wednesday it will start a campaign to try to fix American entitlement programs, saying Social Security, Medicare and other programs are growing so quickly they will eventually crowd out other spending on infrastructure, defense and education.
CBO | Testimony on Means-Tested Programs and Tax Credits for Low-Income Households
The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets.
Subscribe to:
Posts (Atom)