Politics and Government
At Investor’s Business Daily, Stephen Moore asks where did all the workers go in the Obama economy?
From National Review, Stephen Moore warns some conservatives are losing their way on taxes.
From Forbes.com, John Tamny says commodity traders do not run the world.
At Fox News, Steve Forbes details the Federal Reserve’s latest power grab.
In The NY Times, Binyamin Appelbaum reports The Federal Reserve has overestimated the economic growth once again.
In The Washington Post, Ylan Mui details the three lessons the world can teach the Federal Reserve.
From TGSN, Ralph Benko channels the NY Fed’s Liberty Street Economics to explain the origin of the phrases “pieces of eight” and “two bits.”
The Middle Class Squeeze
CNS News reports on the rapid rise of grocery prices.
In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last May, it was 234.572. By this January, it hit 240.006. By April, it hit 249.362. And, in May, it climbed to a record 252.832.
Consumer Prices on the Rise, Texas paychecks not going as far as workers would like.
Spike in consumer products cause average workers to feel the pinch at the grocery story.