While the surge in the greenback since July has turned up in all sorts of economic data, much of it not good, the big one may have just landed.
For the past decade, a debate has raged in Washington and across the country about the best way to protect an open, unfettered Internet. The increasing use of smartphones and web-connected products and services make finding the right answer more important than ever.
1. The Obama boom will finally arrive. Only it will be more like a boomlet.
Americans have been waiting for the boom since they elected President Barack Obama in the teeth of the 2008 financial meltdown. After all, we elected Ronald Reagan during an economic downturn in 1980, and by his second term, the economy had turned around (“Morning in America”). We elected Bill Clinton in an economic downturn in 1992, and by his second term, the economy had come roaring back (the “dot-com boom,” now known as the “dot-com bubble”). Now we're deep into Obama's second term. Where's da boom?
Is gridlocked government a betrayal of democracy? Or does it allow citizens to get on with their lives and businesses, unencumbered by meddlesome politicians?
The May U.S. non-farm payroll report on Friday may be a much less volatile affair than last month, when shock news of 288,000 new jobs topped even the most optimistic views.
The two forecasting teams that came closest to predicting the U.S. economy would nearly stall in the first quarter expect other key economic data due this week to be strong.