March 20, 2012 |
Economists brushed off a decline in new residential construction starts last month and instead looked at an increase in permits issued for houses and apartment buildings as a positive indicator that the real estate market is on the mend. Housing starts fell 1.1% from the prior month to hit a seasonally adjusted annual rate of 698,000, the Commerce Department reported. That was a 34.7% surge from February last year. Starts were down 5.9% from the prior month in the West and 12.3% in the Northeast.
May 23, 2013 |
WASHINGTON -- More than 100 conservative economists will call on Congress to approve an immigration overhaul, highlighting the potential economic benefits. The letter by the American Action Forum, to be released Thursday, is the latest volley from conservative economic thinkers, who have been divided on the immigration overhaul legislation making its way through the Senate. “Immigration reform's positive impact on population growth, labor force growth, housing, and other markets will lead to more rapid economic growth,” wrote the economists, including Douglas Holtz-Eakin, the foundation's president, who is a former director of the Congressional Budget Office and a former advisor to Sen. John McCain (R-Ariz.)
December 17, 2012 |
WASHINGTON -- Most forecasters are looking at 2013 as being another mediocre year for the economy, but many appear hopeful that growth will accelerate as the year progresses. Beyond that broad outline, the outlook for next year is muddled. The range of economic growth projections is about as wide as it's ever been, reflecting the great fiscal haze hanging over the nation. In its year-end survey released Monday, the National Assn. for Business Economics said the consensus view from its panel of forecasters shows gross domestic product expanding next year at an average annual growth rate of 2.1%.
March 4, 2013 |
Even as top Federal Reserve officials continue to defend their economic stimulus, a growing number of industry and academic economists view the Fed's policy now as too aggressive -- with two-thirds of those recently surveyed saying the central bank should terminate its controversial bond-buying program this year. The survey, of 196 members of the National Assn. for Business Economics, found that a slim majority of them consider the central bank's monetary policy as "about right.
January 22, 2013 |
WASHINGTON - With the White House and Congress engaged in their second major battle in 18 months over the debt limit, some lawmakers, economists and analysts are offering a simple solution: Just get rid of it. The U.S. is one of the few nations with such a borrowing mechanism. And as political fights over raising the limit have escalated in recent years, chilling financial markets and triggering the first-ever U.S. credit rating downgrade, critics said the time has come to make a change in Washington.
April 26, 2012 |
It seems that some people never fail to get worked up at the sight of young people standing up to an entrenched power. That's the only way I can explain the vehement reaction to my recent Op-Ed article, " Not their fathers' economics ," about the budding movement against orthodox economics among students from around the world. The general dismissive attitude seems to be that these students have no real right to speak their minds because they're so young that they haven't had a chance to be fully informed.