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Is the recession over?

Is our economy finally beginning to recover?  It depends on who you ask, of course, but the unemployment data we received yesterday is a step in the right direction.  AP reports: The economy’s most vexing problem, unemployment, is showing the first signs of easing. And Wall Street is celebrating. Major stock indexes jumped more than [...]

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Should Sanford Resign?

Some think so. We tend to believe that personal problems, however regrettable they are, don’t neccesarily mean that an elected leader needs to resign.  However, in this case, Governor Sanford’s performance as CEO of the State seems to be suffering.  You can’t just disappear for five days without informing people where you’re going.  We don’t [...]

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Is Job Market Turning Around?

According to Bloomberg, maybe: The number of Americans receiving claims for unemployment benefits dropped for the first time since January, adding to evidence the job market is starting to thaw. The number of people collecting unemployment insurance plunged by 148,000 in the week to June 6, the most since November 2001, to 6.69 million, the [...]

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Good News Everyone! We Only Lost 539,000 Jobs Last Month!

In all seriousness, a decline in the job LOSS rate is a good thing, even if it is hard to get excited that we lost half a million jobs in 30 days.

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Don’t look now– but the S&P 500 is UP so far this year

We’re not saying the recession is over or anything– but the stock market has rallied in a BIG way in the last couple of weeks.

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Pres. Obama sees “Glimmers of Hope” for the Economy

The audacity of hope!

Yesterday, President Obama expressed cautious optimism about the state of the economy:

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Japan Announces Massive Stimulus Package

The United States has some more company in the stimulus sweepstakes. Japan has just announced an additional Y15.4 trillion in spending and tax cuts, a move obviously intended to stimulate their struggling economy. WSJ.com:

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