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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Ihs Global Insight
The economy in the second half of 2013 grew by the fastest rate in a decade, despite the depressing effect of a prolonged government shutdown and deep federal budget cuts, the Commerce Department reported Thursday.
FRANKFURT, Germany (AP) — New figures show that European banks are lending less to companies — another sign the continent's economic upswing remains less than robust.
U.S. consumers are cheering up with Christmas approaching and appear set to put in a solid performance during the critical holiday shopping season.
The prolonged federal shutdown sent a key gauge of consumer sentiment plummeting for October to the lowest levels seen since Washington's last "fiscal cliff" crisis in at the end of last year.
U.S. consumer prices rose slightly last month as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation.
The nation's unemployment rate ticked up to 7.6 percent from 7.5 percent last month as the federal government laid off another 14,000 workers and nearly a half million people surged into the market looking for work, the Labor Department reported Friday morning.
Consumer confidence soared to a five-year high this month as an improving job market and double-digit gains in home prices lifted consumer spirits, according to a survey released Tuesday.
To John LaRue, the renaissance in U.S. manufacturing is no dream. It's already here.
The nation's unemployment rate dropped to a four-year low of 7.7 percent last month as job growth accelerated to 236,000, the Labor Department reported Friday morning.
U.S. economic growth unexpectedly ground to a halt at the end of last year, falling from a healthy 3.1 percent gain in the summer to a 0.1 percent contraction in the final quarter, the Commerce Department reported Wednesday.
It was the tax cut that nobody noticed two years ago. And it was rarely mentioned in the fight between Congress and the White House last year over the expiring Bush-era tax cuts. But this month, the payroll-tax cut suddenly registered on everybody's radar screen — when it went away.
The fiscal cliff put a choke hold on the economy in December, according to a survey of business confidence, and many small companies expect it to get worse in the foreseeable future.
While Washington wrestles with the nation's burgeoning budget deficits, some good news has emerged on the other deficit front: The nation's bloated trade deficit appears to be turning the corner, with at least one prominent economist predicting it will disappear altogether within a decade.
From purchases and prices to builder sentiment and construction, the U.S. housing market is making consistent gains.
Energy industry specialists are warning that Maryland may miss out on the national economic boom generated by the natural-gas drilling process known as fracking if the state approves a new bill to impose a moratorium while its environmental effects are studied.