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Economics Headlines for the Week: 12/27/2010

December 28, 2010

Economics headlines from this week’s news, blogs, and op-eds.

This is a new column I intend on publishing on a weekly basis. Look for it on Monday mornings.

The Economic Thought of the Week: The Aggregation Problem

To see the week’s economics headlines click here:

The Atlantic: How a New Jobless Era Will Transform America

A rather grim article discussing the recession’s effect on the young adults. It does have some nice statistics and results from economic studies, however.

Harvard Business Review: Wanted: A First National Bank of Innovation

An article from the beginning of this year in the Harvard Business Review which caught my attention last week. The article is nice and short, and discusses why the current U.S. economy is not suited to innovation.

Campaign for America’s Future: The ‘FDR Failed’ Myth

A very well presented column which discusses how FDR helped get the United States out of the Great Depression. Has some great numbers to convince doubters. Definitely recommended reading for anyone interested in economic policy discussions.

Michael Hudson: Adam Smith critiques the Deficit Reduction Commission

Economist Michael Hudson writes about why, in his view, Adam Smith would be against the tax proposals and economic policies put forth by the Bowles-Simpson Deficit-Reduction Commission.

Finextra: The Wikileaks strategy: Bank of America buys up abusive domain names

A post discusses how Bank of America is making moves to address a potential public relations fall out in light of a potential Wikileaks scandal. One can only wonder what kind of information they’ll be releasing.

The New York Times: State Poised to Sell Trophy Buildings to Unidentified Investors

California, under governor Arnold Schwarzenegger is attempting to sell of half of the state government’s office space to private investors with alleged political connections prior to the arrival of the new governor Jerry Brown . Many are crying foul as the state will remain a renter of the properties, at a rate resulting in a substantial financial loss for the state over the next 35 years.

Naked Capitalism: Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Anuses in Securities Lending Program

The title of this post is pretty self-explanatory, but its interesting as part of the ruling the judge determined that this fraud was systemic within the company.

Alternet: The 9 Biggest Conservative Lies About Taxes and Public Spending

While I try to keep this blog non-partisan, I had to include this article because it talks about tax myths and has many good figures and economists. In fact, the bulk of the article is fact based, so hopefully it does not read like an attack piece.

The New York Times: U.S. Has Approved Billions in Business With Blacklisted Nations

An example of how U.S. companies are able to manipulate government polices to get around their intended effects. A good piece for those who question the effectiveness of government economic policy.

The Raw Story: Conservative chorus calling for states’ right to declare bankruptcy

In what is perceived as an anti-public-union move conservative politicians are arguing to allow increased flexibility for states to declare bankruptcy.

2 Comments leave one →
  1. ulag permalink
    December 29, 2010 4:53 am

    What makes US and Israel societies so entrepreneur friendly? Its their history.

  2. December 29, 2010 7:09 pm

    Nice selection of articles. Please keep with it.

    I have seen some of these articles, but missed others.

    The article on California was a particular surprise. You would think that after their self-inflicted energy crisis, they would have learned their lesson. I’ll be sure to add it to my economic wall of shame.

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