The modest pullback in stock prices that followed the springtime rally, along with a worse-than-expected June jobs report, allowed the skeptics to re-emerge, asserting that without actual improvement in hard economic data, the “green shoots” had wilted away. What they do not realize, as we reasserted in ECRI’s June U.S. Cyclical Outlook report to Professional Members, “is that the cyclical improvement in the economy is proceeding in a textbook sequence, from long leading indicators to short leading indicators to coincident indicators.” In fact, “there are now pronounced, pervasive and persistent upturns in a succession of leading indexes of economic revival.”
Tuesday, July 21, 2009
Monday, July 20, 2009
WASHINGTON – President Barack Obama pushed back hard against Republican critics of his health care overhaul plan Monday, dismissing the "politics of the moment" marked by GOP comparisons of his efforts to socialism.
TEHRAN, Iran (AP) – Iran's election dispute has moved beyond the drama of mass street protests to a new phase: a fight for power within the ruling religious establishment itself.
WASHINGTON (AP) – A federal judge has ruled that CIA officials committed fraud to protect a former covert agent against an eavesdropping lawsuit and is considering sanctioning as many as six who have worked at the agency, including former CIA Director George Tenet.
Friday, July 17, 2009
WASHINGTON (AP) – President Barack Obama, projecting confidence health care legislation will clear Congress, urged lawmakers strongly on Friday to write stiffer cost-cutting provisions into the bills taking shape slowly in the House and Senate.
"What we want to do is force the Congress to make sure that they are acting" on recommendations lawmakers receive to hold down Medicare and Medicaid spending, the president said, rather than allowing reports to sit unused on a shelf.
He spoke from the White House, near the end of a week of tumult for the legislation atop his domestic agenda.
A few hours earlier, two House committees approved their portions of the sweeping health care bill over Republican objections.
That left one more panel to act, but conservative Democrats were rebelling, demanding additional measures to hold down skyrocketing costs.