Banking Overhaul and New Currency for Iraq (NYT): “In a sweeping effort to revive the devastated Iraqi economy, United States officials announced today that they would replace the Iraqi currency later this year and restructure the central bank to give it new autonomy... Coalition officials, however, emphasized that they had had extensive
Wi-Fi Hot Spots Building Steam (SFChron): “Some analysts and investors are now questioning whether one key market for Wi-Fi, public Net access through hot spots at airports, hotels and coffee shops, is rapidly becoming a dot-com-style bubble waiting to burst, with service providers throwing far more money at expanding services than consumer demand
A Bear Market for Business Schools (BusinessWeek): “Recessions usually are good for business schools. For the first two years of the current downturn that pattern largely held. But this year, business school is suddenly less of a draw. Applications for the B-school Class of ’05 — the students who will hit the books this fall — have fallen by as
It’s terribly amusing to see how writers go about explaining why lower prices are actually a terrible thing to be dreaded by one and all. Here is CNN’s latest attempt (” Deflation Worries “): “During periods of true deflation, consumers tend to hold off on purchases, especially big ones. Why buy a new car now when it will it be cheaper later on?
Spikes in Cable Rates Set Off Anger (USAToday.com): “The possibility of a federal showdown over rising cable prices — and the rigor of the Federal Communications Commission’s oversight of the industry — grew Tuesday after the FCC reported that prices rose more than five times faster than inflation in the year ended July 2002. Rates for the most
The Washington Post offers a detailed look into the many obstacles to foreign investment in Iraq (” US Firms Eager to Sell in Iraq “). The continuing war is the main one. There are others for which the US is directly responsible: “Ports and airports are still closed to civilian traffic, and passport restrictions on U.S. citizens remain in place.”
The health of the labor market is not only a good indicator of where the economy stands in the course of the business cycle; it has huge political implications for the party in power, if only because it is the economic indicator that the press and voters focus on most intensely. Hence, the newest job numbers spell continuing trouble for Bush: “
Charitable giving tracks the business cycle: “ Churches Feeling Pinch of Slow Economy “ (Stevens Point Journal) Some bad news for proscuitto lovers: “ Imported Foods Costlier as Euro Dominates the Dollar “ (NYT). In fact, “ Import Prices Rise 0.8% in June “ (Reuters)
“ US Prints Iraqi Dinar Despite its ‘Face’ Value “ (Baltimore Sun): “Every day, with the blessing of U.S. officials, Iraqi government printing presses produce 4 million portraits of Saddam Hussein. Hussein is rendered in purple ink against a filigreed pink and blue background, in a pose reminiscent of George Washington. One difference is that he
“ Continuing Jobless Claims Hit 20-year High” (Reuters): “The number of jobless Americans receiving benefits hit its highest point in over 20 years last month, and new claims for jobless aid unexpectedly rose again last week, the government said on
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
