- Obama military strategy too weak for future security, panel reports
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
- Pro-marijuana group claims responsibility for Brooklyn Bridge flag swap
- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
Topic - Chris G. Christopher Jr.
Extremely cold and snowy weather inhibited America’s shoppers last month, causing a 0.4 percent drop in retail sales, and the Christmas selling season was poorer than previously reported, the Census Bureau reported on Thursday.
A rush of good news suggesting that economic growth is picking up speed sent the stock market soaring Tuesday.
The slumping housing market struck a sour note Tuesday, somewhat dampening optimism that the economy is getting a big sugar rush from the best Christmas selling season in three years.
Mr. Christopher said the consumer revival is a godsend for the many retailers who earn most of their profits and revenues during the Christmas season, and should be good news for other businesses as well because of the important role consumers play in the economy.
He said consumers are being motivated by such things as heavy discounting by retailers, a rising stock market, easing of credit conditions, and higher disposable incomes, thanks to the tax cuts and extended unemployment benefits just passed by Congress.