(March 7, 2014 07:01 AM, by Alberto Mingardi) In December last year we discussed the new European directive on tobacco products. It has been approved, and includes, as Andy Coghlan reports on the New Scientist, "strict conditions on how e-cigarettes can be formulated, advertised and sold". Now, if... (0 COMMENTS)
A corporate bond default should hardly be a headline dominating-event unless the default in question is of a particularly large concern, or is tightly coupled (as in could, Lehman-style, trigger more distress) or is a precursor of things to come.
China’s decision to let the bonds of a solar-equipment maker default, the first known case in China’s domestic commercial bond market, is the right move, economists say.
The cost of higher education has been skyrocketing lately, but a tax benefit might be able to take a little sting out of the expense. For the past five years, the tax code has offered the American Opportunity Credit. “You could receive as much as...
Some Japan stock traders appear to be betting that the Bank of Japan will announce more monetary easing when the central bank meets next week.
All this talk about the 99% versus the 1%? I say the easiest—and likely the most useful—thing to do is just forget the 1%.
Obama and Putin far apart on Ukraine
This clip may seem a bit far afield, but we at NC are fans of good examples of rhetoric, particularly since you see them so seldom in the US.
Tim Duy: Unemployment, Wages, Inflation, and Fed Policy, by Tim Duy: I apologize if that was a misleading title. This post is not a grand, unifying theory of macroeconomics. It is instead a quick take on two posts floating around...
China's reform agenda is long on promises but short on details.
The Labor Department releases the latest jobs report at 8:30 a.m. EST Friday. What do the data say about the state of the economy and what will they mean for the Federal Reserve?
India's current-account deficit has dropped to 0.9% of GDP from 6.5% in a year, a remarkable swing in a short period. Morgan Stanley’s Chetan Ahya explains how the country accomplished this feat.
The Fed will keep gradually trimming its flagship bond-buying program this year unless the U.S. economy takes a serious turn for the worse or inflation falls in a worrisome manner, Atlanta Fed President Dennis Lockhart said Thursday...
Working women and their families bear the brunt of a low minimum wage, an economist writes.
(March 7, 2014 12:03 AM, by Bryan Caplan) The General Social Survey has spent four decades asking Americans about their self-perceived status:If you were asked to use one of four names for your social class, which would you say you belong in: the lower class (=1), the working... (0 COMMENTS)
The Washington Post, which adheres rigidly to the philosophy that a dollar in a non-rich person's pocket is a dollar that could be in a rich person's pocket, argued in its Wonkblog section that it might be time for the Fed to start raising interest rates and throwing people out of work. Show More Summary
Seriously misguided students are up in arms over the possible revival of the Keystone Pipeline project from Canada to the US. Their concern is greenhouse gas and global warming. The notion that global warming is caused by man-made greenhouse gasses is questionable enough. Show More Summary
(March 6, 2014 09:30 PM, by Scott Sumner) Those of us who liked the 1990s vintage Paul Krugman have been able to hold on to a few stands of hope. At least he still supports free trade. At least he only applies the old Keynesian model to the... (0 COMMENTS)
From Nelson Schwartz at the NY Times Economix: On February Jobs Data, It’s Anybody’s Guess. Here is my guess: Employment Preview for February: Another Weak ReportAnother great piece from Tim Duy at Economist's View: Fed Watch: Tapering...Show More Summary