WASHINGTON (AP) — Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health.
Seventy-one percent of Americans say they think the recession exerted a permanent drag on the economy, according to a survey being released Thursday by Rutgers University. By contrast, in November 2009, five months after the recession officially ended, the Rutgers researchers found that only 49 percent thought the downturn would have lasting damage
Posted by Fatboy at 8/28/2014 08:57:00 AM
Machinery maker Caterpillar's second-quarter earnings surged 91 percent, helped by gains in sales of its equipment for industries like mining, infrastructure and energy.
Caterpillar is an industrial bellwether, so its earnings show that the recovery may have some steam.
Today. August 20th, 2014:
"[I]n October 2008, the month after Lehman failed and the Great Recession started, industrial bellwether Caterpillar underwent a series of 19 consecutive, record, declines in Global dealer retail sales
as of July 2014, that record is no longer valid, because starting with a -1% drop in Global retail sales in December 2012, CAT has now posted a new record of 20 consecutive global dealer retail sales declines, after a -9% Y/Y print for the month of July.
Posted by Fatboy at 8/20/2014 12:31:00 PM
"[I]n a news conference Monday at the White House, the President also said freedoms of assembly and the press must be “vigilantly safeguarded”
"[I]'ve been in several conflict zones: I was in the civil war regions in Georgia, the Gaza strip, illegally visited the Kaliningrad region when travel to the Soviet Union was still strictly prohibited for westerners, I've been in Iraq, Vietnam and in China, I've met Cuba dissidents. But to be arrested and yelled at and be rudely treated by police? For that I had to travel to Ferguson and St. Louis in the United States of America."
"The New York Times reporter James Risen, who faces jail over his refusal to reveal a source and testify against a former CIA agent accused of leaking secrets, has called President Barack Obama “the greatest enemy of press freedom in a generation”.
Posted by Fatboy at 8/19/2014 11:07:00 PM