Professor William Easterly recently presented (link) an intriguing empirical evidence on the relationship between nation’s politics and economic growth. In particular, professor Easterly presented data on long-run economic growth and the scope of democracy for a majority of countries between 1960 and 2008. Professor Easterly identified that the highest-growing countries in the world . . . → Read More: Economic Growth and Democratic Institutions
Late last month, President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses. It is yet another step that the government is taking to continue programs that spur job growth in the U.S. economy.
The Small Business Jobs Act is now the fourth jobs measure that Congress has . . . → Read More: Obama: More Tax Cuts for Small Businesses
At 10:00 AM EDT, the Factory Orders report for August will be released. The consensus is for an decrease of 0.3% in orders, after a rise of 0.1% in July.
Also at 10:00 AM EDT,the value of the pending home sales index for August will be announced.
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