02 | November | 2011

Saturday, May 25, 2013

Q3 Has Largest Gain in Homeownership Since 2004

Mark J. Perry | November 2, 2011, 10:11 pm

The Census Bureau reported today that the U.S. homeownership rate increased to 66.3% in the third quarter from 65.9% in the second quarter (see chart above, data are not seasonally adjusted). The 0.40% increase in the July-September period was the … read more >

Carpe Diem

N. Dakota, Michigan? 2 Fastest-Recovering States

Mark J. Perry | November 2, 2011, 9:43 pm

Nov. 2 (Bloomberg) — “Michigan’s economy is recovering from the recession at the second-fastest pace in the U.S., lifted by reviving carmakers and local manufacturers, according to a new Bloomberg index that tracks the pace of state growth. The home … read more >

Carpe Diem

Outsourcing Goes Into Reverse: More Reshoring

Mark J. Perry | November 2, 2011, 9:01 pm

DETROIT NEWS — “A Royal Oak bead company expects to double its sales and bring jewelry manufacturing business back to America through a partnership with a design and manufacturing firm in Grand Rapids. Collegiate Bead Co., a 2-year-old manufacturer of … read more >

Economics

United States united on a key tax issue

Nick Schulz | November 2, 2011, 5:23 pm

What’s especially interesting about the report Jim highlights from TPC/JCT is that for all the talk these days about how divided the nation is—from red state to blue, from GOP to Democrats, from Occupy Wall Street to the Tea Party—one … read more >

Economics, Taxes and Spending

Why the Tax Policy Center is wrong: The United States can slash its corporate tax rate

James Pethokoukis | November 2, 2011, 3:28 pm

The folks at the Tax Policy Center (and the Joint Committee on Taxation) are dead wrong on this one: It has been an article of faith among most congressional Republicans and many Democrats that the corporate tax rate should be cut … read more >

Economics

Why Greece needs to take its economy and go

James Pethokoukis | November 2, 2011, 3:04 pm

Over at e21, Charles Calomiris says Greece must move beyond austerity … and the eurozone: Even if Greece managed to keep cutting spending, wrote down its debt by 50 percent, kept its banks solvent somehow, and managed to fund its … read more >

Economics

How Mitch Daniels’s anti-Keynesian policies saved Indiana

Ryan Streeter | November 2, 2011, 2:45 pm

Mitch Daniels’s Indiana is an unusual outpost of fiscal discipline in the Midwest. Compared to its neighbors, Indiana stands out with its AAA rating and post-recession budget surplus. And now it looks like the governor whom the Hudson Institute’s Herb … read more >

Economics, U.S. Economy

The Big Ugly: Fed massively cuts its economic outlook

James Pethokoukis | November 2, 2011, 2:22 pm

Let me sum up the new Federal Reserve forecast in one word: pain! Note especially next year in the table below. No boom. No bounce. No last minute surge. Just more of the same-old muddle right though Election Day 2012. … read more >

Foreign and Defense Policy, Terrorism

Reading attorney-client mail at Gitmo

Marc Thiessen | November 2, 2011, 1:53 pm

The Washington Post reports this morning: Lawyers representing detainees at Guantanamo Bay, Cuba, say authorities at the military base have begun reading privileged attorney-client communications—in a sharp break with past practice…. Previously, military personnel at Guantanamo opened the mail in … read more >

Carpe Diem

CNBC Segment on Energy Economics

Mark J. Perry | November 2, 2011, 1:34 pm

Facts on the cost of generating electricity (per kilowatt hour): Natural gas: 3.5-4.5 cents Coal: 4-5 centsHydro: 4 centsNuclear: 8 centsWind: 7-9 centsSolar: 15-50 cents Question: Why as a country are we investing billions of dollars in the most expensive … read more >