News
Wall Street Journal | Nobel Prize in Economic Science Awarded to Jean Tirole
Jean Tirole, a French economist whose theories about the behavior of large companies underpin modern antitrust regulation, won this year’s Nobel Prize in Economic Sciences.
Wall Street Journal | Global Signs of Slowdown Ripple Across Markets, Vex Policy Makers
Gathering signs of a slowdown across many parts of the world are roiling financial markets and confounding policy makers, who after years of battling anemic economic growth have limited tools left to jump-start a recovery.
Market Watch | Treasurys leap as traders fret over growth slowdown
Treasury prices mounted a powerful climb on Tuesday as global economic growth fears rippled across financial markets.
Econ Comments & Analysis
CNN Money | The Chinese like capitalism more than Americans
The United States may be the poster child for capitalism, but people living in China, India and Vietnam are bigger believers in the free market than Americans.
Blogs
Wall Street Journal | Small Business Optimism Stuck in ‘Second Gear,’ NFIB Says
Small-business owners remained wary about economic conditions in September, according to a report released Tuesday. The caution has caused a cutback in equipment spending and hiring plans.
Tuesday, October 14, 2014
Health Care
Econ Comments & Analysis
Economics21.org | Losing Employer-Provided Coverage: Another ACA Prediction Comes True
This past week provided an important example of the anticipated effects of the Affordable Care Act coming to pass.
Blogs
The Daily Signal | Report: Obamacare Will Add $131 Billion to Federal Deficits in Next Decade
Among President Obama’s many high-profile health care promises, there is this gem from his 2009 address to Congress: “I will not sign a plan that adds one dime to our deficits–either now or in the future.”
Economics21.org | Losing Employer-Provided Coverage: Another ACA Prediction Comes True
This past week provided an important example of the anticipated effects of the Affordable Care Act coming to pass.
Blogs
The Daily Signal | Report: Obamacare Will Add $131 Billion to Federal Deficits in Next Decade
Among President Obama’s many high-profile health care promises, there is this gem from his 2009 address to Congress: “I will not sign a plan that adds one dime to our deficits–either now or in the future.”
Monetary
News
CNN Money | Elizabeth Warren wants to probe if Fed is too close to big banks
Sen. Elizabeth Warren wants Congress to look into allegations the New York Federal Reserve blocked one of its own from criticizing Goldman Sachs.
CNN Money | Federal Reserve stays on cruise control
The U.S. economy is strengthening but the Federal Reserve remains in cruise control.
Blogs
Wall Street Journal | Fed’s Evans: Biggest Risk to U.S. Now is Premature Rate Hikes
Federal Reserve Bank of Chicago President Charles Evans said Monday the “biggest risk” to the economy right now is that the central bank would raise interest rates sooner than it should.
CNN Money | Elizabeth Warren wants to probe if Fed is too close to big banks
Sen. Elizabeth Warren wants Congress to look into allegations the New York Federal Reserve blocked one of its own from criticizing Goldman Sachs.
CNN Money | Federal Reserve stays on cruise control
The U.S. economy is strengthening but the Federal Reserve remains in cruise control.
Blogs
Wall Street Journal | Fed’s Evans: Biggest Risk to U.S. Now is Premature Rate Hikes
Federal Reserve Bank of Chicago President Charles Evans said Monday the “biggest risk” to the economy right now is that the central bank would raise interest rates sooner than it should.
Taxes
News
Wall Street Journal | Ireland to Close ‘Double Irish’ Tax Loophole
The Irish government moved Tuesday to close one of the world’s most well-known corporate-tax loopholes, amid a broader tax crackdown on largely U.S.-based technology companies.
Econ Comments & Analysis
Real Clear Markets | Don't Be Fooled, the Internet Is Already Taxed
Many people think that when the Internet Tax Freedom Act (ITFA) expires on December 11, this will open the door for the first time to the taxation of the Internet. Wrong. The Internet is already taxed, and taxation can continue even if IFTA is extended.
Mercatus Center | Takings and Tax Revenue: Fiscal Impacts of Eminent Domain
The United States Supreme Court decision in Kelo v. City of New London in 2005 sparked outrage around the country. In this decision, the US Supreme Court allowed the use of eminent domain to transfer property in New London, Connecticut, for private benefit, not for public use as set forth in the takings clause of the US Constitution.
Blogs
The Daily Signal | Want an Economic Boost? Let’s Kill the Death Tax
Death and taxes are two of life’s certainties, but the tax on death itself should certainly be eliminated. A recent analysis by The Heritage Foundation’s Center for Data Analysis found that doing away with the federal death tax would provide a much-needed, long-lasting boost to the nation’s economy.
Wall Street Journal | Ireland to Close ‘Double Irish’ Tax Loophole
The Irish government moved Tuesday to close one of the world’s most well-known corporate-tax loopholes, amid a broader tax crackdown on largely U.S.-based technology companies.
Econ Comments & Analysis
Real Clear Markets | Don't Be Fooled, the Internet Is Already Taxed
Many people think that when the Internet Tax Freedom Act (ITFA) expires on December 11, this will open the door for the first time to the taxation of the Internet. Wrong. The Internet is already taxed, and taxation can continue even if IFTA is extended.
Mercatus Center | Takings and Tax Revenue: Fiscal Impacts of Eminent Domain
The United States Supreme Court decision in Kelo v. City of New London in 2005 sparked outrage around the country. In this decision, the US Supreme Court allowed the use of eminent domain to transfer property in New London, Connecticut, for private benefit, not for public use as set forth in the takings clause of the US Constitution.
Blogs
The Daily Signal | Want an Economic Boost? Let’s Kill the Death Tax
Death and taxes are two of life’s certainties, but the tax on death itself should certainly be eliminated. A recent analysis by The Heritage Foundation’s Center for Data Analysis found that doing away with the federal death tax would provide a much-needed, long-lasting boost to the nation’s economy.
Employment
Econ Comments & Analysis
The Washington Times | Why so many are unemployed for so long
If you pay people not to work, what do you think they will do?
The Washington Times | Why so many are unemployed for so long
If you pay people not to work, what do you think they will do?
Thursday, October 9, 2014
General Economics
News
CNN Money | Seniors in almost every state are struggling to afford retirement
Households ages 65 and older in the U.S. are living on an average of only $37,847 a year. That's around 60% of the annual earnings of today's 45- to 64-year olds and falls well short of the 70% in pre-retirement income that's typically recommended for retirees, according to an Interest.com analysis of 2013 Census Bureau data.
Market Watch | U.S. wholesale inventories rise 0.7% in August
U.S. wholesale inventories rose by 0.7% in August, the U.S. Commerce Department said Thursday.
CNN Money | From Brazil to Uganda: What it takes to get ahead
The world may be flat these days, but the path to success differs around the globe.
Econ Comments & Analysis
Wall Street Journal | Europe’s Next Dip
This week’s stock market rout in Europe, which also hit U.S. markets, is being attributed to a downgrade in the International Monetary Fund’s outlook for the euro zone.
Real Clear Markets | Believe It or Not, Humanity Is Making Progress
Progress has lately gotten a bad rap, because there seems to be so little of it. Violence wracks the Middle East; economies are sputtering; Ebola strikes fear.
Fox News | Why welfare, mimimum wage make it harder for poor Americans to succeed
I was taught at Princeton, “We’re a rich country. All we have to do is tax the rich, and then use that money to create programs that will lift the poor out of poverty.” Government created job-training programs for the strong and expanded social security for the weak.
Blogs
Wall Street Journal | Is Japan’s Economy on the Verge of a Recession?
The “r” word is on the lips of economists again in Japan: Did an April sales tax increase send the world’s third-largest economy into recession?
Cato Institute | Yes, Fixing Higher Ed Means Eliminating Federal Aid
National Review Online is in the midst of its “education week” – including offerings byyours truly and Jason Bedrick – and today brings us a piece by AEI’s Andrew Kelly on how to fix our higher ed system. Unfortunately, while he largely nails the problems, he stumbles on the solution.
CNN Money | Seniors in almost every state are struggling to afford retirement
Households ages 65 and older in the U.S. are living on an average of only $37,847 a year. That's around 60% of the annual earnings of today's 45- to 64-year olds and falls well short of the 70% in pre-retirement income that's typically recommended for retirees, according to an Interest.com analysis of 2013 Census Bureau data.
Market Watch | U.S. wholesale inventories rise 0.7% in August
U.S. wholesale inventories rose by 0.7% in August, the U.S. Commerce Department said Thursday.
CNN Money | From Brazil to Uganda: What it takes to get ahead
The world may be flat these days, but the path to success differs around the globe.
Econ Comments & Analysis
Wall Street Journal | Europe’s Next Dip
This week’s stock market rout in Europe, which also hit U.S. markets, is being attributed to a downgrade in the International Monetary Fund’s outlook for the euro zone.
Real Clear Markets | Believe It or Not, Humanity Is Making Progress
Progress has lately gotten a bad rap, because there seems to be so little of it. Violence wracks the Middle East; economies are sputtering; Ebola strikes fear.
Fox News | Why welfare, mimimum wage make it harder for poor Americans to succeed
I was taught at Princeton, “We’re a rich country. All we have to do is tax the rich, and then use that money to create programs that will lift the poor out of poverty.” Government created job-training programs for the strong and expanded social security for the weak.
Blogs
Wall Street Journal | Is Japan’s Economy on the Verge of a Recession?
The “r” word is on the lips of economists again in Japan: Did an April sales tax increase send the world’s third-largest economy into recession?
Cato Institute | Yes, Fixing Higher Ed Means Eliminating Federal Aid
National Review Online is in the midst of its “education week” – including offerings byyours truly and Jason Bedrick – and today brings us a piece by AEI’s Andrew Kelly on how to fix our higher ed system. Unfortunately, while he largely nails the problems, he stumbles on the solution.
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