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- America is an oligarchy, not a democracy or republic, university study finds
- Rep. Marsha Blackburn: Hillary Clinton won’t be first female president
Women losing coverage under Obamacare, too
Topic - Chris G. Christopher
U.S. consumers are cheering up with Christmas approaching and appear set to put in a solid performance during the critical holiday shopping season.
A report revealing the first decline in consumer spending since the Great Recession shocked Wall Street investors Tuesday and raised fears that the economy could fall into a double-dip recession.
Still, consumers are getting a lift, at least psychologically, from the big gains in the stock market as well as housing prices, which also posted double-digit increases in the past year, said Chris G. Christopher, an economist at IHS Global Insight.
"The good news for many American households is that wage and salary gains have been outpacing consumer price increases since August, giving consumers some pricing power," said Mr. Christopher.