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- New Mexico Supreme Court rules same-sex marriage constitutional
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- Dogs that talk: Researchers seek $10K for ‘No More Woof’ technology
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- Britain orders airplane to rescue citizens from violent South Sudan
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Latest Peter Morici Items
There are plenty of reasons to be dubious about President Obama's forced fence-mending efforts with the business community as he begins his 2012 campaign for a second term. His stout defense Monday of a mountain of job-killing business regulations before what was described as a "polite, subdued audience" at the U.S. Chamber of Commerce signaled that business has well-deserved doubts about him, too.
The nation's unemployment rate fell to 9.4 percent last month, the lowest level since May 2009, after a year in which employers created more than a million jobs, the Labor Department reported Friday morning.
The Dow Jones Industrial Average is back over 11,000, corporations are flush with $2 trillion in cash, growth has held up for more than a year, and interest rates are at record lows. But none of that does much to cheer the average voter.
Noticeably absent from President Obama's latest economic-stimulus package are any further attempts to create jobs through "green" energy projects, reflecting a year in which the administration's original, loudly trumpeted efforts proved largely unfruitful.
Even though they failed to create jobs, stimulate the economy or make health care affordable, President Obama, Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi want a raise.
They're a minority, but a vocal one, and they're hovering like storm clouds over a brittle recovery.
The U.S. trade deficit with the rest of the world surged to $42.3 billion in May, a nearly 5 percent increase over April's numbers that reflects strong growth in imports of cars, computers and clothing, the Commerce Department reported Tuesday morning.
The U.S. trade deficit with the rest of the world surged by nearly 5 percent to $42.3 billion in May, reflecting strong growth in imports of cars, computers and clothing, the Commerce Department reported Tuesday morning.
The economy resumed healthy growth during the spring after a winter lull, an employment report confirmed yesterday, with 132,000 jobs gained last month and a nearly 4 percent rise in wages seen over the past 12 months.