Other News

Retail Sales Start to Run out of Fuel

Retail sales are expected to show modest gains for the month of March, as the rise in gasoline prices has slowed further growth. As a whole, retail sales are expected to grow, but at a smaller rate than the 0.5 percent projected by a Bloomberg News survey. While another gain […]

Higher Exports in February May Narrow the Trade Deficit

The trade deficit likely narrowed in February due to growth in exports. A consensus survey of 71 estimates show a median trade gap of $44 billion, a 5 percent decrease from January’s $46.3 billion. One indication that exports were strong in February is in the Institute for Supply Management’s (ISM) […]

Supply Anxiety Drives Strong March Auto Sales

Toyota salesman Mitch Schechter made good money selling Prius hybrids in March, but he stands to make a killing in April. The Prius is one of several models that suffered production shutdowns in Japan after the March 11th earthquake. Spurred by the fear of limited inventory, consumers then flocked to […]

U.S. Farmers Rapidly Losing Market Share in Panama

For American farmers, the pending trade agreement with Panama is no longer about potential gains but about preventing the loss of existing export markets. Since 2007, when the agreement was signed, U.S. share of Panama’s agricultural imports has steadily declined, to 38 percent last year from 60 percent, according to […]

Is Foregin Inflation Affecting Americans?

Lately Americans have been experiencing a whole lot of pain. Crippling prices at the pumps, pain at the grocery store and more recently  a new strain has manifested itself at Wal-Mart check out counters. But a new development in the global market will have Americans prolonging the agony of high […]

Can Anything Slow Online Retail Sales?

Edwin Long is a self-proclaimed video game junkie. Long, a 26-year-old store clerk, has purchased more than 50 brand new games over the past year. Those 50 games are the most he’s ever bought, even though he’s not making more money compared to the year before, the suggested price of […]

A Good Indicator of Growth

The latest jobs numbers show that nonfarm payrolls rose by 216,000 in March and the private sector added 230,000 jobs. “Any monthly job gain over 200,000 is a good indicator of growth as it is generally seen as job gains greater than the replacement rate,” said labor market analyst Elena […]

Signs of Life in the Job Market

Amy Berson-Sayers has been unemployed since March of 2008. She recently admitted that shortly after her 99 weeks of unemployment benefits ran out, she stopped searching for a job. Even when she was spurred on to look for work, she did it “half-assedly.” “It was ridiculous,” said Ms. Berson-Sayers, 52, […]

Consumer Confidence in March Shaken By Inflation Fears

U.S. consumer confidence was dealt a gut-wrenching blow in March, falling to 63.4 from a three-year high of 70.4 in February, the biggest one month decline in over a year. While U.S. consumers may have been able to shrug off a trifecta of disasters in Japan, a viral series of […]

Washington Fix Unlikely Even As Home Prices Fall

Rep. Dennis Cardoza, a fifth-term Democrat from California’s Central Valley, doesn’t need an economic indicator to describe the state of the housing market. Three cities in his district—Modesto, Stockton and Merced—have foreclosure rates among the ten worst in the country. Seventy percent of Central Valley homeowners are underwater on their […]