Items of Interest:
Nayla Kazzi / Center for American Progress:
More Americans Losing Health Insurance Every Day — Analysis of Health Coverage Losses During the Recession — Workers at a Planned Parenthood clinic in Iowa report a sharp rise in the number of women who need help paying for care in recent months...
Matthew Yglesias: Recession Causing Massive Health Insurance LossesMike Hall / AFL-CIO NOW BLOG: Millions Lose Health Coverage Since Recession and Job-Based Health Care DeclinesKate Thomas / SEIU: “Kids Can't Wait” Campaign Launch: Free Healthcare on WheelsThink Progress / Wonk Room: The WonkLine: May 4, 2009
Inflation Nation -- IN the 1970s, with inflation rising, I often described the Federal Reserve as knowing only two speeds: too fast and too slow. At the time, the Fed’s idea was to combat recession by promoting expansion, printing money and making it easier for businesses and households to borrow — and worry only later about the inflation that resulted. That strategy produced a sorry decade of slow productivity growth, rising unemployment and, yes, rising inflation. If President Obama and the Fed continue down their current path, we could see a repeat of those dreadful inflationary years...
Paul Krugman / NY Times:
A history lesson for Alan Meltzer
Pending home sales jump 3.2% -- Buyers defy expectations with an increase in sales contracts signed during March.
Is the housing meltdown ending?
Pending home sales rose in March for the second consecutive month and are up year over year...
Mike Lillis / The Washington Independent: White House Urges Passage of Cramdown After Cramdown Bill Fails
Steve M. / No More Mister Nice Blog: OH, TEABAGGERS? WOULD YOU MIND POINTING YOUR PITCHFORKS THIS WAY?Dday / Hullabaloo: Could Have Lifted A Finger — The New York Times takes notice …
Joe Weisenthal / Clusterstock: 10 Of 19 Banks Fail The Stress Test
Roy Smith & Ingo Walter / Forbes: Two Cheers for The Stress Tests
Thomas Hoenig / Financial Times: Troubled Banks Must Be Allowed to Fail
J. Hempton / Bronte Capital: Who Is Leaking the Bank Stress Test Results?
James Surowiecki / The New Yorker: How the Big Banks Got Too Big
U.S. Home Prices May Be Lost For a Generation -- We might be looking at a lost generation for U.S. home values.
Far too many analysts are calling a bottom to the housing market after home prices in 20 metropolitan areas declined at a slower pace in February, according to the Standard & Poor’s/Case-Shiller Index.
Don’t be blinded by the glint of optimism in headlines about rising consumer confidence and slowing price declines. Demographic and market realities tell a more sobering story.
You won’t see a widespread housing rebound in an economy in which 600,000 jobs a month are lost and foreclosures ravage the most overleveraged areas...
- How Business Can Stand Tall Again - David Gergen, Fortune
- Big Business Pushes Back on Corporate Tax - Mintz & Sasseen, BusinessWeek
- Blame vs. Responsibility for the Financial Crisis - L. Gordon Crovitz, WSJ
- Commercial Property Is The Next Shoe To Drop - Andrew Bary, Barron's
- The Problem Is Relying on The Bull or The Bear - John Hussman, Hussman
- Don't Question the Almighty Buffett - David Morrow, TheStreet.com
- Warren Buffett's New Words of Wisdom - Whitney Tilson, The Daily Beast
- El-Erian's 'New Normal' vs. Bernanke's 'Green Shoots' - Bill Gross, PIMCO
- The Fed Must Take On New Responsibilities - Council on Foreign Relations
- How Banks Will Game Mortgage Mess - Eric Brenner & Hamish Hume, WSJ
- U.S. Inflation: Where and When? - Marc Chandler, Brown Brothers
- Credit Card Companies As Villains? - Michael Hiltzik, Los Angeles Times
- Obama's Bias Against Oil and Gas - Robert Samuelson, Washington Post
- Obama to Secured Creditors: Drop Dead - Bill Frezza, RealClearMarkets
- Swine Flu or Real Stock-Market Change? - Bill Fleckenstein, MSN Money
- The Jack Kemp That I Knew - Richard Rahn, Washington Times
- The Economy's Falling Wage Syndrome - Paul Krugman, New York Times
- Why Life Is Still Good For Business School Students - Daniel Gross, Slate
- The 2009 NFL Draft As a Lesson In Economics - John Tamny, Forbes
- Spendthrift Sunbelt: We're All New York Now - Nicole Gelinas, City Journal
- What Would Jack Kemp Do (about Mortgages)? - Conor Clarke, The Atlantic
- The Consumer Is Tapped Out. This Scares Me Most - Howard Lindzon
- The Newspaper that Fired Its Readers - David Warsh, Economic Principals
- Wrong Blogs Are Better Than Bad Journalism - Felix Salmon, Reuters
- The Other Half of the Conde Nast Story (Newspapers) - Curious Capitalist
- The S&P Reacts to Obama's First 100 Days - Applied Finance Group
- Global Investing Amid a Health Scare - Bill Witherell, Cumberland Advisors
- How Lehman Brothers Got Its Real Estate Fix - New York Times
- Growth Will Slow as Regulation Increases, Gross Says - Bloomberg
- President Obama Details Plans to Shutter Tax Havens - Washington Post
- S&P Up for 2009 as Stocks Surge - Wall Street Journal