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Sunday, May 19, 2013

Daily Archives: April 26, 2012

Carpe Diem

If Separate, America’s Manufacturing Sector Would Rank as the Tenth Largest Economy in the World

Mark J. Perry | April 26, 2012, 10:37 pm

 Rank  Country GDP in 2011Millions ($) 1 United States $15,094,025 2 China $7,298,147 3 Japan $5,869,471 4 Germany $3,577,031 5 France $2,776,324 6 Brazil $2,492,908 7 United Kingdom $2,417,570 8 Italy $2,198,730 9 Russia $1,850,401 10 U.S. Manufacturing $1,837,031 11 … read more >

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Carpe Diem

Markets in Everything: Slugging Goes Digital

Mark J. Perry | April 26, 2012, 10:10 pm

Slugging to work? There’s an app for that. The “slugs” (pictured above) are part of the informal Washington, D.C.-area commuting phenomenon in which drivers heading into the city pick up riders (“slugs”) along Interstate 95 so they can take the … read more >

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Carpe Diem

Michigan’s Economy Shifts Into High Gear: February Economic Activity Index Highest Since 2005

Mark J. Perry | April 26, 2012, 8:04 pm

From Comerica Bank: “Michigan Economic Activity Index increased by four points in February, spiking to a level of 102. The February index level is 42 points, or 70 percent, above the index cyclical low of 60. February marks the highest … read more >

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Carpe Diem

Gas Prices Are Falling, But Media Has Had 65 Times Greater Coverage of Rising Prices Over Last Month?

Mark J. Perry | April 26, 2012, 7:21 pm

The chart above from GasBuddy.com shows that the national average retail gas price has been falling slowly, but steadily over the last three weeks, from about $3.92 per gallon in early April to $3.82 today, which is a 2.5% decline. … read more >

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Carpe Diem

Cartel-Buster Institute for Justice Goes Up Against the Portland Taxi Cartel with A Legal Challenge

Mark J. Perry | April 26, 2012, 4:13 pm

Portland, Ore. — “Can the government protect you from cheap fares and innovative service merely to shield politically connected businesses from competition?  That is the question the Institute for Justice and its clients want answered in a federal lawsuit filed … read more >

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Politics and Public Opinion

When Romney saved a dog’s life

Lazar Berman | April 26, 2012, 3:33 pm

Obama supporters have tried to make an issue of Mitt Romney’s 1983 family vacation, during which he tied his terrified dog’s cage to the roof of the family car. The Romney campaign blunted the attack by seizing on a line … read more >

13
Economics

Why Hubbard is right, and Geithner and Goolsbee are wrong

James Pethokoukis | April 26, 2012, 2:15 pm

Romney economic adviser Glenn Hubbard: President Obama’s budget proposes to continue elevated levels of federal spending relative to GDP. So how does the president propose to pay for this? … Maintaining the president’s higher spending will require raising taxes for all … read more >

1
Economics, Energy and the Environment

Energy fact of the week: Don’t mess with Texas

Steven F. Hayward | April 26, 2012, 1:48 pm

Both Mark Perry, on his invaluable Carpe Diem blog, and I have been tracking the oil boom in North Dakota, occasionally predicting that North Dakota could come to displace Texas as the top oil producing state in the U.S. (It’s … read more >

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Society and Culture, Education

4 thoughts on the sorry Stafford loan spectacle

Frederick M. Hess | April 26, 2012, 1:26 pm

Five years ago, in a piece of cheap political theater, Congress wrote an additional sweetener for federally subsidized Stafford loans into the College Cost Reduction and Access Act. Beyond offering college loans at a guaranteed rate of 6.8%, Congress temporarily … read more >

3
Economics

The Cameron Crazies: Why the Left is wrong about UK (and U.S.) austerity

James Pethokoukis | April 26, 2012, 11:23 am

How odd. For more than 30 years, American liberals had little to say about the British economy, other than noting how swell its state-run healthcare system was. They sort of missed the free-market miracle happening there. In 1980, British GDP … read more >

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