Posted on 07/14/2010 12:10:08 PM PDT by MNDude
The Great Recession, which rolled over our financial lives like one of P.J. Keating's giant pavers, is most likely over. Home sales, while still far below the levels of a year ago, have risen for three straight monthsa first since 2004. The stock market has rallied 44 percent since March, thanks to renewed optimism and improving earnings from big companies like Goldman Sachs and Apple. In June, seven of the 10 indicators in the Conference Board Leading Economic Index pointed upward, including manufacturing hours worked and unemployment claims. Macroeconomic Advisers, the St. Louisbased consulting firm, says the economy is expanding at a 2.5 percent annual rate in the current quarter. Economic activity "will increase slightly over the remainder of 2009," Federal Reserve chairman Ben Bernanke told Congress.
Snip
The Obama administration's strategy rests on what some might call industrial policy or excessive government interventionor even creeping socialism. I call it "the smart economy."
But as was the case the last time the financial sector destroyed itselfthe early 1930sit will be up to Washington to lead the way.
Despite the army of authors dedicated to the proposition that the New Deal was an unadulterated failure, FDR's efforts averted disaster, ended the nation's worst economic downturn, and created lasting infrastructure that has paid economic dividends for decadesfrom the Hoover Dam to the Appalachian Trail
(Excerpt) Read more at newsweek.com ...
NewsWeak whistles past the graveyard again.
"Demand for loans to purchase U.S. homes sunk to a 13-year low last week, and refinancing demand also slid despite near record-low mortgage rates, the Mortgage Bankers Association said on Wednesday."
So this was last year?
Where is my Skittle pooping Unicorn?
I thought i would have one by now.
So those 1 in 10 Americans who were out of work got jobs?
There is a reason NewsWeak is broke and being sold off....
http://dougpowers.com/2010/07/01/newsweek-rejects-buyout-bid/
July 1st, 2010
Newsweek Rejects Buyout Bid From Newsmax Because Newsmax is Politically Biased (pause for laughter)
Filed Under Media, Politics | Comments (5)
Youd think that the news that Al Qaeda is starting a magazine would cause Newsweek to be a little nervous to know they have a new competitor in the market, but for now, their focus is to keep people who really know what sells magazines from buying them out:
WITH a 5 p.m. Thursday deadline approaching for the final round of bids, at least two people were preparing to make offers for Newsweek while two others were told by the magazines owners that their bids would not be considered.
[...]
With no shortage of interested parties, the issue for the Post Company has become whether it can find a new owner that the companys chairman and chief executive, Donald E. Graham, believes will be a suitable steward for the magazine.
That is the main reason the Post Company decided not to entertain offers from Newsmax or Mr. Ritchie, according to these people. The conservative political ideology of Newsmaxs chief executive, Christopher Ruddy, is at odds with the editorial bent of Newsweek, which strives to be apolitical in its news coverage though is often criticized as left-leaning.
Excuse me, but hahahahahahaha!
Yeah, a conservative editorial slant might ruin Newsweeks legendary objectivity.
Apparently on the top of this guys head, filling his cranial cavity.
Dear Democrats, please, by all means, run on a message of “The recession is over and we’re the ones to thank!”
Yeah, right, that sure worked out well! Hitler and Tojo ended the Depression, not the Idiot on the Dime.
They are just an advertisement for Wall Street ... I’m not biting. I bailed 3 months ago. And I’m staying out of that mess.
Obozo and Bite-Me...all the Regime are lying bast@rds.
From TODAY:
http://news.yahoo.com/s/ap/20100714/ap_on_bi_ge/us_fed_forecast FEDS PAINT WEAKER PICTURE ON ECONOMY
http://news.yahoo.com/s/afp/20100714/ts_alt_afp/useconomyfinancebankrate
US Fed Weighs new measures as recovery falters...
There’s more and more and more and more...
FUBO
The folks at Propaganda Week are drumming up a weeks worth of bookings for their editors and writers on MSNBC to try and prop up a weakening Obama administration.
Wratsa wruck.
Picked up a Newsweek in the doctor office a couple of weeks back. The first three articles I looked at were absurdly biased to the liberal side.
I decided that staring into space while I waited was a more profitable use of my time. Newsweek has ZERO credibility.
Please, please, please, Dems run on the good economy we have now!
i didn’t know it was that bad with newsweek and it’s leadership - thanks for sharing all this
I think this is the same moron writer who told us a couple months back that increased unemployment was a sign of a booming economy.
My great uncle was an employee of NW for over 3 decades, he signed off on every photo in the magazine for over a decade.
In total, my family has over 5 decades of work history with Newsweek, the corporation literally lifted my family out of the hoods of NYC’s outer boroughs, along with the GI Bill.
My entire family, in short order just after NW went negative on the first Gulf War in 1992, canceled their free lifetime subscriptions (perks of hiring the circulation desk management decades earlier) , and the magazine became verboten at the Sunday dinners.
I was truly hoping Newsmax or Ritchie would have bought NW, I personally wanted to work there under that particular scenario, escpecialy to watch NW transition back to a magazine of record akin to the 1950s/ early 1960s.
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