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Ancestry and Long-Run Growth Reading Club: Spolaore and Wacziarg

(February 10, 2016 12:21 AM, by Bryan Caplan) Welcome to the third installment of the EconLog Reading Club on Ancestry and Long-Run Growth. This week's paper: Spolaore, Enrico, and Roman Wacziarg. "How Deep Are the Roots of Economic Development?" Journal of Economic Literature 51 (2): 325-369. The authors'... (0 COMMENTS)

Is the F-35 Worth the Cost?

Secretary of Defense Ash Carter previewed the 2017 defense budget with the Economic Club in Washington, D.C. on Tuesday in which he addressed the...

Russia's Big Worry Is Not What The Pentagon Thinks But What Shale Frackers Will Do To Oil Prices

Secretary of Defense Ashton Carter ruffled feathers this week when, in a February 2nd speech at the Economic Club of Washington D.C., he demoted ISIS and terrorism, to the bottom of a list of key threats to America’s national security. At the top of the list of “five evolving challenges”? [...]

Pentagon Will Spend $3.4 Billion Next Year To Keep You Safe From "Aggressive" Russians

The US military faces five “big challenges,” Ash Carter told the Economic Club of Washington on Tuesday. Those challenges are: Russia, China, North Korea, Iran, and ISIS. So essentially, the exact same “challenges” Washington has been...Show More Summary

Barcelona Transfer News: Nolito Failure, Josep Bartomeu Slammed by Joan Laporta

Former Barcelona president Joan Laporta has criticised what he calls the "economic mismanagement" of current incumbent Josep Bartomeu at the club. His comments follow the Catalan side's failure to sign Celta Vigo forward Nolito, according...Show More Summary

The Davos Club: Meet the People Who Gave Us a World in Which 62 People Own as Much as 3.6 Billion

The Davos people talk about poverty and pledge money to charity. But it's just spare change to them. Global elites meet in the remote Swiss town of Davos each year for the World Economic Forum. The conclave began in 1971, but it became an essential destination in the 1990s. Show More Summary

93% Of American Counties Haven't Recovered From The Recession

Supposedly, the Fed’s decision to hike rates last month conveyed something about the strength of the US economy. “I think the economy is on the road to recovery,” diminutive Chairwoman Yellen told the the Economic Club of Washington two weeks before liftoff. Show More Summary

TV Club: Downton Abbey’s return drags Mary through the mud

Downton Abbey’s return spotlights more than ever the era’s changing social and economic mores, the seismic shift Carson described a full season ago as “a shaking of the ground I stand on.” In the first episode of its sixth and finalShow More Summary

After interest rate announcement, Rand Paul compares Federal Reserve to Soviet Politburo

LAS VEGAS -- Just hours before Sen. Rand Paul (R-Ky.) took the stage to address the Las Vegas Economic Club, the Federal Reserve announced the first interest rate increase in nearly seven years. It was the first, actually, of Paul's entire political career. And it was Paul's cue to wave a flag that had been lost in […]

Merkel's Gov't Wants to Join the 'No Burqas' Club, Calls for Ban in Germany

German Chancellor Angela Merkel may be Person of the Year, according to Time magazine, for leading Europe through the Greek economic crisis and for her open arm approach to Syrian refugees and migrants, but her liberal-conservative government has just called for a ban on burqas in public.

Bring Leadership Back to the GOP Race

This past July, Gov. Rick Perry presented an economic opportunity plan for minorities and the disadvantaged before the National Press Club as part of his campaign for the presidency. What transpired became known as “The Race Speech,” addressing racial disparity, economic struggle and a dirty history of racism. Show More Summary

Yellen: The Economic Outlook and Monetary Policy

Chair Janet L. Yellen At the Economic Club of Washington, Washington, D.C. December 2, 2015   Thank you to the Economic Club of Washington for inviting me to speak to you today. I would like to offer my assessment of the U.S. economy, nearly six and half years after the beginning of the current economic...Read More

Fed Rate Hike Could Hurt Employment

Fed Chair Janet Yellen all but confirmed the Fed was ready to raise interest rates in December. She made her case for raising interest rates in a speech on Wednesday at the Economic Club in Washington. "Ongoing gains in the labor market,...Show More Summary

Yellen Yap: Dollar Briefly Takes Out March High, Surging to Level Last Seen March 2003; For What It's Worth

As Fed Chair Janet Yellen yapped about the strength of the US economy in a speech to the Economic Club of Washington, the US dollar index briefly surged above a level set in March, to a high last seen in April of 2003.US Dollar WeeklyAs noted by the last red candle, the US dollar index is now down for the week. Show More Summary

Beige Book: Labor Market Shows Hints of Wider Wage Pressure

Richard Drew/APFederal Reserve Chair Janet Yellen's speech Wednesday to the Economic Club of Washington appears on a television screen on the floor of the New York Stock Exchange. By Lindsay DunsmuirWASHINGTON -- The U.S. labor market...Show More Summary

These 4 sentences make it clear the Fed will raise rates in 2 weeks (DIA, SPX, SPY, QQQ, TLT, IWM)

It's happening: The Federal Reserve is going to raise rates on December 16. Speaking at the Economic Club of Washington, D.C. on Wednesday, Fed chair Janet Yellen laid out her thinking on whether the time has come for the Fed to begin the process of raising rates. Show More Summary

The kilometer-high club: World's tallest skyscraper a step closer to completion

2 months agoTechnology / Gadgets : Gizmag

Saudi development group Jeddah Economic Company recently secured SAR8.4 billion (US$2.2 billion) additional funding to complete the Jeddah Tower. Under construction since 2013, the massive mixed-use skyscraper is on track to become the...Show More Summary

Want to live in a place with economic diversity? Good luck with that

Some neighborhoods sparkle with luxury properties and BMWs. In others, terms like "country club" and "summer home" rarely pass from residents' lips. Somewhere in between is a rarer type of community, residential oases where silver spooners and the working class live side by side, enjoying what tend to be the the same safe streets and and highly ranked schools...

Key Economic, Structural Refinements Have Enhanced Major League Baseball's Competitive Balance

Money can't buy you love, but the Kansas City Royals consecutive trips to the World Series exemplify how economic changes in the sport back in 2002 have helped give more hope to small revenue-generating clubs across Major League Baseball.

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