More Economy Articles

  • Janet Yellen: Full employment, stable inflation 'plausible' by the end of 2016

    In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...

  • Bank of America posts loss, hurt by legal charges

    CHARLOTTE, N.C. (AP) — Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges. A LOSS: The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million, compared with a profit of $1.11 billion a year earlier....

  • Study finds lowering corporate income tax would boost workers' wages

    A study released Tuesday by the Tax Analysis Center found that significantly reducing the corporate tax rate would also boost wages for workers and the economy overall. This could be done on a revenue-neutral basis by reducing the U.S. rate from its current 35 percent to just nine and...

  • Class warfare works because the wealthy really are stealing your money

    In this interview with the Wall Street Journal, Charles Murray (an AEI colleague of mine) speaks of "the sense that a lot of Americans have that the game is rigged now," and says, "the problem is, a lot of that is true."

  • Yahoo, China news send US stocks higher at midday

    Stocks are moving higher for a third day in a row after more U.S. companies report solid earnings and on encouraging news about China's economy. Yahoo rose 6 percent after the Internet pioneer said it was benefiting from its lucrative investments in Asia. The Standard & Poor's 500 index rose...

  • Court rejects bankruptcy protection for Mt. Gox

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would...

  • Optim creditor says Bill Gates is owner, not lender: Bankruptcy roundup

    Cascade Investment LLC, which invests for the Bill & Melinda Gates Foundation, should be treated as the owner, not a secured lender, of bankrupt Optim Energy LLC, according to the energy company’s largest unsecured creditor.

  • US factory output extended solid gains in March

    WASHINGTON (AP) — U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products. The Federal Reserve said Wednesday that...

  • US home building up in March after frigid winter

    WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction. Builders started work on 946,000 homes at a seasonally adjusted annual rate in...

  • France's Thomas Piketty could be the Left's version of anti-debt Carmen Reinhart-Kenneth Rogoff

    Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.

  • Oil nears $105 as conflict in east Ukraine deepens

    The price of oil approached $105 a barrel Wednesday as concerns grew over the crisis in Ukraine, which took military action against separatists in its east. Gains were temporarily tempered by slower Chinese growth. By early afternoon in Europe, benchmark U.S. crude for May delivery was up $1.04...

  • Obama, Biden to announce $600M for job grants

    WASHINGTON (AP) — President Barack Obama and Vice President Joe Biden are hitting the road to trumpet $600 million in new competitive grants to spur creation of targeted training and apprenticeship programs that could help people land well-paying jobs. They are making the announcement...

  • China's growth slows to 7.4 percent in 1Q

    BEIJING (AP) — China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses. The world's second-largest economy grew 7.4 percent from a...

  • US declines to name China a currency manipulator

    WASHINGTON (AP) — The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it. The administration also expressed concern Tuesday about South Korea's actions in currency markets and about countries...

  • Obama talks about pay gap, but then punishes working mothers

    If President Obama truly cares about fair compensation for women, he should stop penalizing mothers in the federal workforce every time it snows. Allowing private employers to give working moms more flexible hours would help, too. Alternatively, Obama could handle the wage gap by repeating...



From the Weekly Standard

  • Why the New York Times Poll Is Bogus

    The Arkansas Senate race has been close in virtually every serious poll. The Republican challenger, Tom Cotton, probably had a small lead a month or so ago; after a massive negative assault on him...

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  • Hustle Is Overrated

    The Bryce Harper-Mike Trout showdown is underway and the outcome is, well, inconclusive. In round one Monday night, the Nationals leftfielder walked and went hitless in three at bats while the...

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  • Kennedy’s Question

    We often think of the Constitution as a two-part document: first the original 1787 text, which primarily establishes the government’s structure; and then the amendments, which primarily set...

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