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Why Wall Street Cares About Inequality

First, it was Standard & Poor’s.  Now, Morgan Stanley weighs in on income inequality in a new report. Why are these Wall Street institutions, normally focused on macroeconomic issues directly related to gross domestic product forecasts, suddenly chiming in on the issue?

Source: http://blogs.wsj.com/economics/2014/09/22/why-wall-street-cares-about-inequality/?mod=WSJBlog

5 Things to Watch on the Economic Calendar

Economic reports scheduled for next week will offer new looks at the spring growth spurt, August home sales and durable goods activity. In addition, a slew of Federal Reserve officials are set to speak about the economy and monetary policy. Here are five points of interest on tap next week:

Source: http://blogs.wsj.com/economics/2014/09/19/5-things-to-watch-on-the-economic-calendar-35/?mod=WSJBlog

Travelers—and Airfare Spending—Take Flight With Improving Economy

In a sign that the scars from the financial crisis maybe healing, travelers in the U.S. are spending more on flights while slowing outlays on typically less-expensive forms of transportation such as cars, trains and buses.

Source: http://blogs.wsj.com/economics/2014/09/18/travelers-and-airfare-spending-take-flight-with-improving-economy/?mod=marketbeat

Did Your Local Economy Beat the U.S. In 2013? This Chart Will Tell You

The U.S. economy expanded 2.2% in 2013. But growth varied greatly across the nation’s 381 metropolitan regions, and some local economies actually contracted, a new Commerce Department report shows.

Source: http://blogs.wsj.com/economics/2014/09/16/did-your-local-economy-beat-the-u-s-in-2013-this-chart-will-tell-you/?mod=WSJBlog

Health-Care Revenue Rebound Could Boost U.S. Economic Growth

The sprawling U.S. health-care industry saw revenue rebound last quarter, a sign that stronger spending at hospitals and medical offices could help boost U.S. economic growth to its highest level in eight years.
Total revenue at health-care and social-assistance firms rose 3% in the second quarter from the first three months of the year, the Commerce Department said Thursday in its Quarterly Services Survey. Hospital revenue rose 2.8% from the first quarter and revenue at physician offices jumped 4.1%.

Source: http://blogs.wsj.com/economics/2014/09/11/health-care-revenue-rebound-could-boost-u-s-economic-growth/?mod=WSJBlog

Survey Shows Japan Inc. Optimistic Despite Sales Tax Punch

Heavy machinery is seen in a construction site in Tokyo.

When Japanese Prime Minister Shinzo Abe looks at the latest economic data to determine

Source: http://blogs.wsj.com/economics/2014/09/11/survey-shows-japan-inc-optimistic-despite-sales-tax-punch/?mod=WSJBlog

Commerce Department Picks Brian Moyer To Lead Number-Crunching for GDP and Other Key Reports

The federal government has a new overseer of some of the nation’s most closely watched economic reports.
The Commerce Department on Tuesday named Brian Moyer as the new director of the Bureau of Economic Analysis, the agency that produces high-profile reports on gross domestic product, trade and personal income — among many others.

Source: http://blogs.wsj.com/economics/2014/09/09/commerce-department-picks-brian-moyer-to-lead-number-crunching-for-gdp-and-other-key-reports/?mod=marketbeat

Former Obama Economic Adviser Larry Summers Calls To Lift Oil-Export Ban

A former top economic adviser to President Barack Obama threw his support behind lifting the decades-old ban on oil exports, saying such a move would bring about a host of positive economic and geopolitical benefits to the U.S., including lower gasoline prices.

Source: http://blogs.wsj.com/economics/2014/09/09/former-obama-economic-adviser-larry-summers-calls-to-lift-oil-export-ban/?mod=marketbeat
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