FRIDAY, MAY 4, 2012   ECONOMICS: Jobs Report Will Provide Fodder for Campaigns (Wall Street Journal) By Laura Meckler and Sara Murray Politically speaking, Friday’s unemployment report will boil down to a simple set of numbers: two men, one job. Mitt Romney and President Barack Obama’s campaigns will be combing the figures on April job growth … Continue reading →

THURSDAY, MAY 3, 2012   ECONOMICS: Treasury: Tax receipts not changing deadline on $16.4T debt limit (The Hill) By Peter Schroeder Lawmakers will not have to re-fight their epic battle over raising the debt ceiling until after the November elections, according to the Treasury Department. April tax receipts have not moved Treasury’s debt-ceiling target date, and … Continue reading →

WEDNESDAY, MAY 2, 2012   ECONOMICS: Growth in Manufacturing Is Highest in Almost a Year (New York Times) By The Associated Press Manufacturing grew last month at the fastest rate in 10 months, suggesting that the economy is healthier than recent data had indicated. New orders, production and a measure of hiring all rose. The April … Continue reading →

TUESDAY, MAY 1, 2012   ECONOMICS: Krugman Says Fed ‘Reckless’ to Allow High Jobless Rate (Bloomberg) By Timothy R. Homan and Trish Regan Nobel Prize-winning economist Paul Krugman suggested Federal Reserve policy makers led by Ben S. Bernanke are “reckless” for refusing to pursue higher inflation, which he said could lower U.S. unemployment. “The reckless thing … Continue reading →