13 | November | 2012

Thursday, June 20, 2013

More on the surge in October home sales

Mark J. Perry | November 13, 2012, 8:23 pm

Following up on this CD post from last week on the surge in October home sales, here are ten more local real estate reports on booming home sales last month: 1. Southern California home sales rose sharply in October by … read more >

Carpe Diem

‘Saudi Dakota’ sets more records for oil production in September as US moves towards world’s top oil producer

Mark J. Perry | November 13, 2012, 5:38 pm

According to a new report released yesterday by the International Energy Agency (IEA) titled “World Energy Outlook 2012”, the United States is on its way to becoming the world’s largest oil producer. Based on new estimates, the IEA projects that … read more >

Photo Credit: MPD01605 (Flickr) (CC BY 2.0)

Foreign and Defense Policy, Europe and Russia

The first carbon trade war: Europe backs down

Claude Barfield | November 13, 2012, 4:35 pm

It turns out that $14 billion was just “too much for saving the planet.” Europe caved. read more >

Image credit: Narith5 (Flickr) (CC BY 2.0)

Politics and Public Opinion, Polls

To court the Hispanic vote, focus on more than just immigration

Andrew Rugg | November 13, 2012, 4:00 pm

Mitt Romney’s loss owes a lot to demographic changes in the country, particularly the growth of non-white voters. Republicans are searching for ways to increase their vote share among these groups, particularly Hispanic voters. Currently, Republicans are debating whether or … read more >

Politics and Public Opinion, The Presidency

President Obama’s mandate

Stan Veuger | November 13, 2012, 2:19 pm

President Obama’s man date with New Jersey Governor Chris Christie has brought him a second term, and a second-term mandate. After months of ads attacking Governor Romney’s career and character, President Obama spent the most crucial part of his campaign … read more >

Politics and Public Opinion, The Presidency

More of the same?

Stan Veuger | November 13, 2012, 1:37 pm

President Obama won reelection a week ago. It may be somewhat premature to judge the totality of his accomplishments during this second term based on the time that has passed since, but enough has become clear to come to a … read more >

Pethokoukis

Does the U.S., in the short term, have a debt problem or a growth problem?

James Pethokoukis | November 13, 2012, 1:06 pm

In a new note, MKM Partners economist Michael Darda highlights the relationship (as displayed in the above chart) between nominal GDP on one hand, and economic growth (and unemployment) on the other): The U.S. fiscal deficit, while large, has been … read more >

Pethokoukis

What if everything goes wrong — fiscal cliff, hard landing in China, and multiple eurozone exits?

James Pethokoukis | November 13, 2012, 12:29 pm

IHS Global Insight does a little doomsday prepping: If the United States federal government fails to resolve the fiscal cliff and the other plausible events unfold — including a surge in oil prices caused by escalating Mideast conflict, the rapid … read more >

Pethokoukis

Is 18% of GDP revenue a realistic number going forward?

James Pethokoukis | November 13, 2012, 11:27 am

Over the past half century, federal government revenue has averaged around 18% of GDP. But is that a realistic marker going forward given the aging of America? Last year a group of AEI scholars put together a long-term budget plan. … read more >

Pethokoukis

Oh, so this is what President Romney would have done on taxes and the fiscal cliff

James Pethokoukis | November 13, 2012, 10:41 am

What would a President Romney have done about the approaching fiscal cliff, not to mention the long-term need for debt reduction? An FT op-ed today by Romney economic adviser (and AEI scholar) Glenn Hubbard may give some clues. The Hubbard … read more >