Bookings for capital goods fell in September, signaling a slowdown in U.S. business investment that gives the Federal Reserve more reason to ease policy next week. (more)
In March 2009, President Obama signed an Executive Order creating the White House Council on Women and Girls. At the signing ceremony, he stated that the purpose of the Council was to “ensure that American women and girls are treated fairly in all matters of public policy.” Nineteen months later, his goal has been achieved — women entrepreneurs are just as impacted by his economic policies as male entrepreneurs are. (more)
U.S. factory orders dropped more than expected in August, marking the third decline in the last four months. (more)
The House Ways and Means Committee has just approved a bill that would attempt, albeit modestly, to crack down on Chinese currency manipulation, a key cause of America’s trade deficit. The Ryan-Murphy currency bill (HR 2378) would allow the Commerce Department to treat currency manipulation as an illegal subsidy for the purpose of calculating countervailing duties intended as retaliation. This bill has to be passed by the full House of Representatives and then the Senate before becoming law, but already the prophets of doom are squealing about the dangers of starting a trade war with China. They are wrong. (more)
Indexes on Wall Street rose on Friday, after European markets moved higher, but gold prices set a new record as investors weighed the chances that a market rally would continue. (more)
Construction of newly built homes jumped a surprising 10.5% in August from July, the government said Tuesday, though most of the increase came from the volatile apartment building sector. (more)
As if the sputtering U.S. economy weren’t in enough trouble already, the Obama administration is cooking up a new scheme that will extend the heavy hand of Washington to somewhere it has never gone before. (more)
In a farewell speech, outgoing White House economic adviser Christina Romer touted the success of the stimulus package Wednesday and urged lawmakers not to shy away from more deficit spending to keep the momentum going. (more)
Personal incomes fell across the U.S. last year except in areas with a high concentration of federal government and military jobs, the Commerce Department said Monday. They declined most in places with a lot of housing and finance jobs. (more)
Americans are spending more on electronics like iPads and flat-screen televisions and less on durable goods like furniture, washing machines and lawn mowers, according to government data released Tuesday. (more)
The $1 sale of Newsweek magazine to billionaire Sidney Harman, who is married to a member of Congress, is raising questions about the struggling magazine’s new connections to partisan politics. (more)
The mid-term elections expectation game is in full gear and it is widely anticipated that the Republicans will make substantial gains on Tuesday, November 2nd. (more)
Sales of U.S. new homes rose in June more than forecast following an unprecedented collapse the prior month, a signal the worst of the slump triggered by the end of a government tax credit is over. (more)
Remember postindustrialism? Not long ago, this catchphrase was supposed to define America’s future: no more grubby hard industries, just a clean bright world of services and high technology. Its most succinct formulation is as follows: (more)
Global warming alarmists claim vindication after last year’s data manipulation scandal. Don’t believe the ‘independent’ reviews. (more)
Purchases of U.S. new homes fell in May to the lowest level on record after a tax credit expired, showing the market remains dependent on government support. (more)
Builders in April broke ground on more U.S. homes than anticipated as buyers took advantage of a tax credit before its expiration. (more)
The U.S. economy grew briskly in the first quarter, driven by businesses stocking up on goods for a strengthening consumer demand stoked by the lowest core inflation number in 51 years. (more)
New orders received by U.S. factories rose for a sixth straight month in February as businesses rebuilt inventories, data showed on Wednesday, pointing to continued expansion in the manufacturing sector. (more)
U.S. consumers in February spent as expected even though their incomes didn’t budge amid high joblessness, while inflation stayed benign. (more)
























