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Walker Recall Effort Struggles To Gain Momentum
EconomicIndicators
Opinion: The Economy Isn't as Bad as You Think
By not in system - AOL News(July 2) -- Turn on the financial stations, in fact turn on almost any news channel, and when the topic gets to the economy, it's enough to make almost everyone turn away. Doom and gloom is pretty much all you'll get. And no wonder. The stock market is down almost 15 percent since late April. Ten-year Treasury notes are yielding less than 3 percent, which is not much more than the interest rate that prevailed in very late 2008 when many thought the entire financial system and economy were on the brink of a total collapse. Meanwhile, a wide variety of economic indicators has been coming in ...
New Home Construction Surge in April Linked to Tax Credit
By David Sessions - Politics DailyNew home construction rose significantly last month, increasing 40.9 percent from April 2009, CNN Money reports. According to seasonally adjusted numbers from the Commerce Department, housing starts increased to an annual rate of 672,000 homes in April -- nearly 20,000 more than economists had predicted. Construction of single-family homes, a key sector of the housing market, rose 10.2 percent over the month to an annual rate of 593,000. Economists said the upswing was likely a response to a tax credit for first-time home buyers that expired April 30. Congress had extended the $8,000 credit ...
Measuring Economic Progress: Is GDP the Bottom Line?
By Delia Lloyd - Politics DailyEarlier this week, French President Nicolas Sarkozy called upon world leaders to stop using gross domestic product as their primary measure of economic progress. Instead, he pushed for a focus on quality-of-life indicators like health care availability and leisure time. ...
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