GDP Growth in First Quarter Down to 1.8%


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Details of the report, which showed downward revisions to almost all growth categories, with the exception of home construction and government…

Washington D.C. Living in Economic Bubble Where Everything is Great


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Among the 50 largest metropolitan areas in 2012, the Washington, D.C. metro area had the highest economic confidence index score for the second year in a row.

Only 31% of Americans Under 30 Have a Full-Time Job


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59 percent of those aged 18-29, have gone to college. but only 62.9% are currently working, of which 31.2% work on a part-time basis

NPR Blames Impending Failure of EU’s “Five Little Pigs” on “Financial Capitalism”


The February 10, 2010, broadcast of NPR’s On Point with Tom Ashbrook, Europe’s Debt, Global Crisis?, analyzes the growing debt crisis of the five PIIGS of the European Union – Portugal, Ireland, Italy, Greece, and Spain.  Little Greece has the worst credibility problem.  The reason why this matters is due to fears that Greece could [...]

The Message of Massachusetts – WSJ.com


Whether or not Republican Scott Brown wins today in Massachusetts, the special Senate election has already shaken up American politics. The close race to replace Ted Kennedy, liberalism’s patron saint, shows that voters are rebelling even in the bluest of states against the last year’s unbridled pursuit of partisan liberal governance. Tomorrow marks the anniversary […]

Edward Lazear: Stimulus and the Jobless Recovery – WSJ.com


With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway. How much of this was a result of government programs? To evaluate this, it is important to understand what constitutes a recovery. There are three developments needed to restore the economy to its prior vibrancy. […]

Jobs or Snow Jobs? – by Thomas Sowell


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Destroying jobs while creating other jobs does not get you very far — except politically.