More Economy Articles

  • News from Britain: Smaller state means more jobs

    About one-third of the money in the Obama Democrats' 2009 stimulus program went to state and local governments. The obvious aim was to maintain levels of public sector employment -- and public sector union membership.

  • Mid-cap stocks are getting some love, finally

    NEW YORK (AP) — Maybe the middle child really should be the favorite. Just like families sometimes overlook the middle kid, investors all too often pay attention to just the smallest and largest stocks. Managers of mid-cap stock mutual funds say they've experienced the middle-child syndrome...

  • GE 1Q earnings fall, outlook strong

    NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during that period. The company said Thursday that...

  • US average rate on 30-year home loan 4.27 percent

    Average U.S. rates on fixed mortgages fell for the second straight week as the spring home-buying season begins.

  • Tech stocks slump after Google, IBM disappoint

    Stocks are drifting lower on Wall Street in midday trading, led by a decline in the technology sector after Google and IBM reported disappointing earnings. UnitedHealth Group also fell in early trading Thursday after its results also fell short of what investors were expecting. The Standard &...

  • Congressional Budget Office: Obama budget wouldn't put debt on downward path

    President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...

  • Applications for U.S. jobless aid edge up to 304,000

    The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.

  • Asia stocks fail to match Wall Street gains

    HONG KONG (AP) — Asian stock markets were mostly lower Thursday, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally. Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left...

  • US stocks close higher for third day in a row

    Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data. Major U.S. stock indexes notched their third day of gains in a row. Yahoo and Delta Air Lines were among the companies posting big...

  • Obama, Joe Biden announce $600 million for jobs training initiatives

    President Obama on Wednesday announced initiatives he said would better train American workers to fill high-skilled jobs, his latest effort to push his economic agenda without Congress.

  • Fed survey: Growth picks up across most of US

    WASHINGTON (AP) — A Federal Reserve survey shows economic growth picking up across most of the United States over the past two months as bitter winter weather subsided. Ten of the Fed's 12 regions reported an increase in economic activity, according to the Beige Book survey released...

  • 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."



From the Weekly Standard

  • Through a Google Glass, Darkly

    “Just because something bears the aspect of the inevitable one should not, therefore, go along willingly with it.” ​—​Philip K. Dick

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  • 2014 ≠ 2016

    Polls are overrated, but they can be still instructive. So what’s to be learned from a Fox News survey of 1,012 registered voters conducted April 13-15? 

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  • As Goes North Carolina

    Raleigh, N.C.  To win the Senate, Republicans must win North Carolina. While it’s mathematically possible to take the Senate without ousting Democratic senator Kay Hagan, the chances of that...

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