From the Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $42.6 billion in October, up $6.4 billion from $36.2 billion in September, revised. Show More Summary
Across Asia and Europe, nearly every exchange marks rising stock prices even as the crude oil rally peters out
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Any plan by Democrats to “Help Working People” should begin with the word “jobs.” But an obsession with austerity makes that impossible.
A recent Vox eBook examined the the potential issues facing various EU members when it comes to negotiating with the UK over Brexit. This column, taken from the eBook, focuses on Germany and argues that as the country's prosperity is...Show More Summary
Saudi Arabia has finally blinked. What does that mean in practical terms?
The U.S. fared poorly, as usual, in a worldwide ranking of students’ test scores, but it showed significant gains among disadvantaged teenagers.
Unlike Treasury Secretary-designate Steve Mnuchin, chief strategist Steve Bannon is a Wall Street-loathing bomb thrower
Holiday shoppers now have hundreds of boxes to choose from, but picking a winner depends on budget and taste
Home buyers and sellers must factor the prospect of rising interest rates as they consider when to pull the trigger
It often seems like a good idea to buy a product and have some portion of the sale go to charity, but sometimes it’s not
There is no significant evidence that job losses in the post-2007 period were driven by minimum wage increases. Rather, industrial and geographic exposure to the Great Recession account for the employment differences between states with and without significant minimum wage increases.
Summary The Yankee Institute for Public Policy has published a report claiming that compensation for public-sector workers in Connecticut is 25 percent to 46 percent higher than for comparable workers in the private sector.
Economists are finally 'fessing up to the fact that macroeconomics was never all that good and has regressed in recent decades.
From Matthew Graham at Mortgage News Daily: Mortgage Rates Begin Week HigherMortgage rates were slightly higher today relative to last Friday's levels, leaving them near the 2-year highs seen last Thursday. Volatility continues to run...Show More Summary
As with previous systemic crises, the 2007-2009 crisis has created regulatory reform, but is it adequate? This column argues that prudential regulation should consider interactions between conduct – capital, liquidity, disclosure requirements, macroprudential ratios – and structural instruments, and also coordinate with competition policy. Show More Summary
(December 5, 2016 04:40 PM, by David Henderson) Hayek's conclusion about the importance of local knowledge can be extended far beyond markets into many parts of our lives. In this essay, I summarize Hayek's argument and then apply it to some good things that happened on September 11,... (0 COMMENTS)
Economists have been disappointed by the extraordinarily weak productivity growth of the last decade. Low productivity growth mean that there is less room for improvements in living standards and more leisure. Fortunately there may be an answer. Show More Summary
Its planned Amazon Go grocery stores will let customers buy goods and pay automatically -- no checkout lines needed