More Economy Articles

  • Oil price slips below $102 a barrel

    The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in Ukraine and the Middle East. By early afternoon in Europe, benchmark U.S. crude for September delivery was down 38 cents to $101.69 in electronic trading on...

  • World markets drift ahead of US data next week

    MUMBAI, India (AP) — European stock markets were down Friday, while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. Traders were generally cautious at the end of the week, taking a wait-and-see attitude before another set of U.S. indicators due in coming...

  • Dodd-Frank at war with itself

    The difficulty of Dodd-Frank implementation is not primarily the regulators' fault; the problem comes from Dodd-Frank's determination to rely on government regulation as a cure for government policy distortions. Instead, let's work on getting rid of the distortions that encourage people to behave...

  • Reversing the decline in small business lending

    While small business lending often declines during a recession, recent regulatory changes may well result in a permanent decline in bank lending to small business.

  • The pros and cons of reauthorizing the Export-Import Bank

    Depending on who you talk to, the Ex-Im Bank is either a financial support that U.S. exporters need to compete globally -- or government interference in the private-sector lending market, primarily helping big companies that don't need it.

  • Thank Prohibition for the craft beer boom

    Led by brewpubs and microbreweries, the number of U.S. breweries has doubled since 2007 to roughly 3,000, according to the Brewers Association, with hundreds more under construction.

  • Visa posts higher 3Q profit, revenue

    FOSTER CITY, Calif. (AP) — Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. The payments processor's latest financial results beat or matched Wall Street...

  • Here's where President Obama assigns the blame for corporate 'inversions'

    President Obama placed the blame for the recent rush of U.S. companies to overseas tax jurisdictions squarely on congressional inaction Thursday, saying that "Congress is just not productive."

  • Amazon shares fall on 2Q loss

    SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. Amazon has long focused on spending the money it makes to grow and expand into new areas. In one of its most...

  • Starbucks US sales rise with help of revamped food

    NEW YORK (AP) — Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. The Seattle-based coffee chain posted a higher quarterly profit, as sales rose in regions around the world. In its flagship U.S. market, sales at...

  • Obama wants limits on US company mergers abroad

    LOS ANGELES (AP) — Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared. "It's...

  • Union Pacific 2Q profit chugs ahead 17 percent

    OMAHA, Neb. (AP) — Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. The Omaha, Nebraska-based company said it hauled more agricultural, automotive, intermodal, industrial and coal shipments....

  • Correction: Housing-Clinging to Low Rates story

    WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow's...

  • US stocks end little changed after mixed news

    NEW YORK (AP) — U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy. The Standard & Poor's 500 index rose less than one point, or 0.05 percent, to close at 1,897.98 Thursday, barely topping a record set the day before. The other two major...

  • Across US job market, layoffs are becoming rare

    WASHINGTON (AP) — The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers. Which is why applications for unemployment benefits have dwindled to their lowest level...



From the Weekly Standard

  • No Sword, No Justice

    On Tuesday, President Obama visited the Dutch embassy in Washington to pay his respects to the victims of Malaysia Airlines Flight 17, shot down over Ukraine by forces armed and backed by Vladimir...

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  • A New Disorder

    Moments of clarity often come when you least expect them. In a speech to contributors last week in Seattle, Barack Obama made the case that his presidency has made America better. In most...

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  • Frozen in the Cold War

    In 1983, Barack Obama was a senior at Columbia University. He was not well known. He lived off-campus, had a few close friends, and spent a lot of time reading. He went to some meetings of the...

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