Morning Journal--Income inequality and poverty

Economics

   This Week’s Data

            The June Chicago PMI came in at 62.4 versus expectations of 64.0.

            May pending home sales were up 6.1% versus estimates of up 1.0%.

            http://www.calculatedriskblog.com/2014/06/nar-pending-home-sales-index-increased.html

            The June Dallas Fed manufacturing index was reported at 11.4 versus 8.0 recorded in May.

            http://www.calculatedriskblog.com/2014/06/dallas-fed-manufacturing-activty.html

   Other

            Income inequality and poverty (medium):

            http://www.aei-ideas.org/2014/06/on-the-imaginary-hobgoblin-of-income-inequality-and-the-80-reduction-in-world-poverty-thanks-to-freedom-markets/

            The Affordable Care Act and economic growth (short):

            http://gregmankiw.blogspot.com/2014/06/how-much-has-aca-reduced-potential-gdp.html

Politics

  Domestic

The Supreme Court deals Obamacare a setback (medium):

http://www.zerohedge.com/news/2014-06-30/supreme-court-gives-obamacare-opponents-biggest-legal-victory-yet

            And some thoughts (short):

            http://www.coyoteblog.com/coyote_blog/2014/06/hobby-lobby-obamacare-and-contraception.html

  International

            The latest from Iraq (medium):

            http://www.zerohedge.com/news/2014-06-30/iraq-receives-first-fighter-jets-our-russian-friends

            The latest from Ukraine (short):

            http://www.cnbc.com/id/101769730