The Economist magazine has an article called “A Weakened Branch” about the US Congress. The article is essentially a review of a new book by Tom Mann from the Brookings Institution (a liberal think tank) and Norman Ornstein from the American Enterprise Institute (a conservative think tank). The book sounds interesting and at some point [...]
The government released advace figures for 2nd quarter GDP this morning along with revisions to GDP data going back to 2003. Here’s a link to the whole report. BEA
“Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate [...]
I think it’s time for something a little lighthearted. PJ O’Rourke has been one of my favorite humor writers since I first discovered him in (of all places) the pages of Rolling Stone many years ago. P.J. does write from a more conservative perspective, but I hope everyone will overlook that until you get to [...]
Here’s an article from the WSJ about inflation worries in Japan.
“For most of the past decade, Japan’s biggest economic problem has been falling prices that put a brake on business activity. Even though consumer prices started rising last year, and the government last week removed the word “deflation” from a key part of its monthly [...]
