TOP STORIES: Economy – April 25, 2012
China Slows down and Grows up * Strong Profits on Wall St and Markets Move Higher * Fed to Stick to Existing Measures * Durable Goods Orders Show Biggest Drop in 3 Years * Subsidize Students, Not Tax Cuts * Surviving Taxmegeddon without Killing the Economy
*China Slows Down, and Grows Up – NewYorkTimes – By Ruchir Sharma - China has reached a stage at which all “miracle economies” have slowed significantly, but not disastrously — and that’s good news for the United States.
*Strong Profits on Wall St., and Markets Move Higher – Bloomberg News – Robust quarterly reports from Apple and Boeing echoed the general tone of company earnings, which have been beating analysts’ expectations this season.
*Fed to Stick With Existing Measures – Binyamin Appelbaum – NewYorkTimes -The Federal Reserve also said it would not expand its stimulus campaign despite the slow pace of job growth.
*Durable Goods Orders Show Biggest Drop in 3 Years – REUTERS – Orders for goods intended to last more than three years were off sharply in March, largely because of a decline in orders for Boeing aircraft.
*Subsidize Students, Not Tax Cuts - New York Times
*Conservatives Must Press GOP on Entitlement Reform - Wash Examiner
*ObamaCare’s Newest Fraud - David Harsanyi, Human Events
*The Good Times Are Gone - Harold Meyerson, Washington Post
*Economy’s So Bad We Need Fence to Keep Mexicans In - Charles Hurt, WT
*Don’t Blame the 1% for America’s Pay Gap - Nina Easton, Fortune
*All the President’s Central Bankers - Eijffinger & Mujagic, FA
*Surviving Taxmageddon w/out Killing Economy - Peter Orszag, Bloomberg