Economists See Increased Chance of Double-Dip Recession (HuffPo)
While our leaders are busy arguing about mosques, the economy is once again on the brink of disaster.
A Bleak View (Fed Watch)
Tim Duy explains why it's time to get worried.
Why Theoclassical Economists Fail as Regulators (Benzinga)
ND20 contributor Bill Black examines how faith-based economic theory encourages fraud and blinds regulators to sensible solutions.
Ben Bernanke: Wall Street's Servant (HuffPo)
Dean Baker argues that the Fed's policies are completely understandable once you realize that they're not working for the American people.
To Regulate or Bribe? That is the Key Economic Question -- With a Very Obvious Answer (Open Left)
David Sirota critiques the Obama administration's "give the banks a bunch of money and hope for the best" approach to regulation.
What Do You See as the Crisis in Economics? INET Users Respond (INET)
As the public weighs in, Roosevelt Institute Senior Fellow and INET director Rob Johnson suggests that abstract math has come to trump economic realities.
Tax cuts at the top and other priorities (News Observer)
According to the CBO, the GOP's tax plan is great for the top two percent and the worst option on the table for everyone else.
The Four Horsemen of the Job-pocalypse (The Atlantic)
Derek Thompson examines the multifaceted sinkhole that is the current jobs market.
Getting to Full Employment (FDL)
Joe Firestone proposes an amendment to the Fair Labor Standards Act that would reduce unemployment by cutting the work week and raising the minimum wage. Working less and earning more? It just might catch on.
Sixty Percent of Baby Boomers Don't Have Enough for Retirement (HuffPo)
Good thing they're off the catfood commission's hit list. Shame about everyone else.
How the Defense Industry is Hosing Obama and the Taxpayer... Again (CounterPunch)
Franklin Spinney offers a detailed analysis of the smoke and mirrors being used to prevent real reform of the bloated defense budget.
The Fiscal Times vs. Elizabeth Warren (Reuters)
Felix Salmon pushes back on some sloppy reporting about Warren and the CFPB.
Fed to protect consumers from abusive mortgages (CNNMoney)
New Fed rules will eliminate incentives for pushing more expensive loans and require borrowers to be better informed about the deals they're taking.
US house mortgage arrears mount (FT)
As lawmakers run for reelection, they're getting ready to face constituents whose mortgage debt has spiraled out of control since 2008.
2 Zombies to Tolerate for a While (NYTimes)
Andrew Ross Sorkin thinks Fannie and Freddie will be sticking around whether we like it or not.
Will Insurance Companies Game the ACA? (MoJo)
Kevin Drum concludes that insurance companies may have a harder time dropping sick patients under the new regulations, but they'll still do their best to make it an unpleasant stay.
Economy Led to Cuts in Use of Health Care (NYTimes)
A new study shows that Americans have cut back on routine health care spending at a much greater rate than the residents of countries with universal health care. How terrible it must be to be able to afford both rent and cold medicine.
Federal panel puts same-sex marriage on hold as appeal of Prop. 8 ruling goes forward (LA Times)
A decision by the Ninth Circuit Court of Appeals will keep gay couples in California from marrying for now, but it may also have prevented a premature ruling from the Supreme Court.
A 'Fat Cat' Strikes Back (Newsweek)
Blackstone CEO Stephen Schwarzman was upset about Barack Obama bashing "fat cats," so he compared Obama to Hitler. Someone's a little touchy.