Morning Ebrief
May 16, 2018

FEATURED STORY OF THE DAY

Economy Starts Second Quarter on Solid Footing
Mickey Levy, E21

Encouraging data on U.S. consumers and businesses suggest that GDP growth is on pace for a rebound in Q2 after a shaky and quirky Q1.

Continued optimism among consumers, solid job growth, and low unemployment form the basis of our forecast for real consumption to grow near 3 percent in the medium term, with rising gasoline prices providing some downside risk. Read more here...

POINT/COUNTERPOINT

Will sports gambling boost states' revenues?

YES  How the Sports Betting Ruling Will Impact State Budgets - Liz Farmer, Governing
NO  States Hoping for Long-Term Benefits from Sports Betting Might Not Get the Windfall They’re Looking for - John Schoen, CNBC

DECONSTRUCTION ZONE

Short Circuit: The High Cost of Electric Vehicle Subsidies
Jonathan Lesser, E21
 
Vapin' in the Boys' Room (subs.)
Sally Satel, Wall Street Journal
 
Can the Republicans Replace Obamacare before the Next Election?
John Goodman, Forbes
 
Something's Amiss in the U.S. Jobs Market
Danielle DiMartino Booth, Bloomberg View
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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.

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