(Community Matters) encouraging editorials from the New York Times and The Economist (cover: Comeback kid: Rebuilding America’s Economy) – quotes from Politico’s Playbook:
MOOD MUSIC – N.Y. Times col. 1, “In Latest Data, Economists See Signs of Pickup: Growth Is Not Robust, but It’s Firming Up,” by Annie Lowrey : “Economists at many of the most-watched forecasting organizations, both public and private, expect growth to pick up through the summer and into the fall, although only to a pace broadly considered sluggish, if not dismal. … [H]eadwinds have started to slack, leading some economists to believe that jobs and growth numbers will track up modestly. Perhaps most significant is the falling price of oil. … Economists pointed to surging new car sales as … a sign that households are confident enough to make a major purchase … [T]here are accumulating signs that housing has turned around, perhaps auguring … an upturn in construction jobs and growing sales.” http://nyti.ms/MoSszf
–COVER OF THE ECONOMIST, all global editions, is a gym-rat Uncle Sam: “Comeback kid: Rebuilding America’s economy “: “America’s economy is certainly in a tender state. But the pessimism of the presidential slanging-match misses something vital. Led by its inventive private sector, the economy is remaking itself. Old weaknesses are being remedied and new strengths discovered, with an agility that has much to teach stagnant Europe and dirigiste Asia. … [T]here is a boom … in high-value services (architecture, engineering and finance) and a growing ‘app economy,’ nurtured by Facebook, Apple and Google, which employs more than 300,000 people; its games, virtual merchandise and so on sell effortlessly across borders.” See the cover. http://econ.st/LM6qyZ Read the editorial. http://econ.st/NoGE0X
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