Treasury Secretary Jack Lew’s slinky signature has been replaced by a slightly more intelligible version.
Economy
Jobs Report: Economy Avoids ‘Spring Swoon’ As Unemployment Rate Falls
The American economy is managing to avoid the disabled list this year, despite the risks from higher taxes, lower government spending, and economic weakness around the globe.
Austerity Strikes Back: Budget Hawks Regroup After the Reinhart/Rogoff Affair
Austerity supporters have responded to the Reinhart/Rogoff fallout with a “keep calm and carry on” demeanor, argued that the real problem is uncertainty, or countered that we’re still measuring the wrong thing.
Stop Bemoaning the New GDP Numbers: It’s Good News
2.5% GDP growth is positive news
The Real Reason Wall Street Is Fighting the Online Sales Tax
An online sales tax could allow states to tax financial transcations
Sequestration Begins To Bite
The people in charge of managing the sequester—the Office of Management and Budget—are themselves being furloughed because of it
Why the Argument for Austerity Took a Big Hit Yesterday
New evidence has emerged questioning the theory that countries with higher debt levels tend to grow more slowly than those with little debt.
Why Pension Funds Are Hooked on Private Equity
When President Obama unveiled his budget last Wednesday, it rekindled a debate over taxation of the private equity industry…
Why Are So Many Public Officials Calling for This Man’s Job?
Ed DeMarco, the man in charge of housing giants Fannie Mae and Freddie Mac, is in hot water.
In A Rut
There are three components to America’s growing income inequality.
Build That Pipeline!
Environmental groups are approaching the Keystone project much as the U.S. government fights the war on drugs. They are attacking supply rather than demand.
As FCC Chief’s Term Nears End, Speculation Grows Over Possible Successor
Here is the short list for who might replace FCC Chairman Julius Genachowski, the man who approved the Comcast purchase of NBCUniversal and rejected AT&T’s bid for T-Mobile.
Mrs. Warren Goes to Washington: Does the Market Mistrust Big Banks?
Sen. Elizabeth Warren poses a puzzling question: Why are the majority of the nation’s big banks trading below book value?
