Morning Journal-Feldstein on Romney' tax plan

Economics

Week’s Data

August sales of major retailers were up 6%---stronger than anticipated.

Other

Update on rail traffic (short):
http://pragcap.com/rail-traffic-still-chugging-along-4

Is auto production set to plunge (short):
http://www.zerohedge.com/news/more-bad-news-imminent-august-us-auto-production-set-plunge-most-16-months

Politics
Domestic

Martin Feldstein analyzes Romney’s tax plan (medium):
http://www.nber.org/feldstein/wsj08282012.pdf

Ann Coulter channels my favorite liberal, Mickey Kaus, on Obama’s recent revision of work requirements (medium):
http://www.anncoulter.com/columns/2012-08-29.html#read_more

International

Update on the UN (medium):
http://www.nationalreview.com/articles/315350/ban-ki-moon-over-tehran-clifford-d-may

Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.