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Wednesday: Existing Home Sales, Bernanke Testimony and more

May 22nd, 2013
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From Tim Duy at Economist'sView: Fed Watch: And Then There is Bernanke. Duy discusses the various Fed speeches this week and concludes:

Service-sector reforms enhance manufacturing productivity: Evidence from Indonesia

May 22nd, 2013
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Victor Duggan, Sjamsu Rahardja, Gonzalo Varela, 22 May 2013The ‘manufacturing matters’ movement has gained prominence on the policy agenda even as the nature of manufacturing continues to morph. This column discusses new research showing that opening service sectors to competition and foreign direct investment can be a powerful conduit for productivity gains in manufacturing.

NY/NJ/CT Congressional Delegation Should Demand Apology from Oklahoma Senators Inhofe and Coburn

May 22nd, 2013
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A brief reminder: Hurricane Sandy was the deadliest and most destructive hurricane in decades. It caused 285 total fatalities and was the second-costliest hurricane in United States history.

Now, If Only Gas Prices Could Start Dropping

May 21st, 2013
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Lately, it is not only the stock market that goes up, up, and up.  After an 8% decline from its February highs, the price of gasoline has started climbing once again.  From its most recent low in late April, the national average price of a gallon of gas has risen by 4.4% and has now gone 17 straight days without a decline.  While this may sound like a long streak, back in January and February, prices at the pump went 36 straight days without a decline, so the current run is hardly unprecedented.  That being said, consumers could use a couple of days of relief at the pump.

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