Planet Swank banner
Planet Swank
us flag courtesy south knox bubba
john kerry for president
about me
my résumé (pdf)
email me
wish list


 

Your host
me
 

Change background
daddio-sober-128-blue chunky128 cousteau
eames-blue2128 jazzy-23 jazzy-19
martini-rhapsody omega-23 omega-6
moptops-11 bluebackground131 quicksand (tiki!)

background changing script courtesy codebelly.com

(many backgrounds courtesy pixeldecor)
 

Recent posts

Favorite posts
cosplay post of the day (cecilia at ikasucon)
halloween 2003 roundup (coming soon)
halloween 2002 roundup
the future of online gaming
star wars cereal review
japanese culture link of the day (12/6/2002)
japanese culture link of the day (12/23/2002)
reviews: hentai games sux0rz
anime term of the day (fan service, 02/17/2003)
retro gaming link of the day (battletech)
20 favorite movies since 1980
second japanese culture link of the day (11/20/2003)
 

Recent posts at Destroy All Monsters
Check out today's news posts at Destroy All Monsters
 

Memeorandum
 

Rumsfeld Wire
 

Media Matters for America
 

Recommended:
destroy all monsters
megatokyo
sinfest
8-bit theatre
the onion
mac hall
penny arcade
twisted kaiju theater
this modern world
dilbert
giant robot
8bit joystick
retrolounge
teleport city
stomp tokyo
cold fusion video reviews
kung fu cinema
anime web turnpike
random abstract
radio paradise
neil gaiman
william gibson
greg costikyan
xeni jardin
nasa's astronomy picture of the day
techrepublic
u.s. constitution
the democratic party's blog
dbunker
the stakeholder
indiana democratic party
center for american progress
donkey rising
tompaine.com
fark
boing boing
metafilter
kuro5hin
wikipedia
the hoosier review
misleader
spinsanity
the daily howler
this modern world
the joe bob report
gamespot
quake 2
 

Blogs:
nextblog (random)
blogdex
memeorandum
daypop
the truth laid bear
technorati
the lefty directory
indiana blogs

#!-usr-bin-girl
alas, a blog
alicublog
altercation
andrew hagen
angry bear
annatopia
approximately perfect
asymmetrical information
balkinization
bertrand russel
blah3
blog left
blog of the moderate left
blue streak
body and soul
bookslut
brut4c
busy, busy, busy
byzantium's shores
calpundit
charles murtaugh
chris c. mooney
collaboratory
confessions of a g33k
cooped up
corrente
counterspin central
critiques of editorials
crooked timber
cut on the bias
daily kos
daniel drezner
demagogue
democratic veteran
destroy all blogs
die puny humans
d-squared digest
electrolite
eschaton
fester's place
flit
founding issues
freeway blogger
geisha asobi blog
gorilla-a-go-go
how appealing
hullabaloo
i love everything
insanekungfu
intel dump
interesting times
ipse dixit
it's still the economy, stupid
jack o'toole
jesus' general
juan cole
just a bump in the beltway
kieran healy
late night thoughts
legal fiction
lillianchan
long story, short pier
mah two cents
making light
mark byron
mark a. r. kleiman
matt welch
matthew yglesias
meryl yourish
michael bérubé
min jung kim
modulator
monkeywatch
mydd
nathan newman
never trust a monkey
nitpicker
no more mister nice blog
notes on the atrocities
not geniuses
off the kuff
oliver willis
oni blogger
onye's livejournal
open source politics
orcinus
pacific views
pandagon
peevish
pharyngula
philosoraptor
p.l.a.
political aims
political animal
political wire
quaker in a basement
reachm high
respectful of otters
roger ailes
royal blue
ruminate this
rungu
sadly, no!
scoobie davis
seeing the forest
self made pundit
semi-daily journal (brad delong)
shadow of the hegemon
sisyphus shrugged
sixdifferentways
slacktivist
skeptical notion
skippy the bush kangaroo
south knox bubba
swanky conservative
tachyon city
tacitus
talking points memo
talkleft
tapped
tbogg
terminus
testify!
the 18˝ minute gap
the adventures of accordionguy in the 21st century
the agonist
the american street
the avocado couch
the blog of chloë and pete
the campaign desk
the dead parrot society
the gadflyer
the gamer's nook
the left coaster
the light of reason
the panda's thumb
the peking duck
the people's republic of seabrook
the poor man
the power pill
the rittenhouse review
the road to surfdom
the sideshow
the talking dog
the village gate
the volokh conspiracy
thinking aloud
thinking it through
through the looking glass
to the barricades!
tristero
uggabugga
unmedia
unqualified offerings
very big blog
very very happy
wampumblog
warliberal
whatever
whiskey bar
wiley wiggins
wil wheaton
wonkette
world o'crap
 

Archives:
04/14/2002 - 04/20/2002 04/21/2002 - 04/27/2002 04/28/2002 - 05/04/2002 05/05/2002 - 05/11/2002 05/12/2002 - 05/18/2002 05/19/2002 - 05/25/2002 05/26/2002 - 06/01/2002 06/02/2002 - 06/08/2002 06/09/2002 - 06/15/2002 06/16/2002 - 06/22/2002 06/23/2002 - 06/29/2002 06/30/2002 - 07/06/2002 07/07/2002 - 07/13/2002 07/14/2002 - 07/20/2002 07/21/2002 - 07/27/2002 07/28/2002 - 08/03/2002 08/04/2002 - 08/10/2002 08/11/2002 - 08/17/2002 08/18/2002 - 08/24/2002 08/25/2002 - 08/31/2002 09/01/2002 - 09/07/2002 09/08/2002 - 09/14/2002 09/15/2002 - 09/21/2002 09/22/2002 - 09/28/2002 09/29/2002 - 10/05/2002 10/06/2002 - 10/12/2002 10/13/2002 - 10/19/2002 10/20/2002 - 10/26/2002 10/27/2002 - 11/02/2002 11/03/2002 - 11/09/2002 11/10/2002 - 11/16/2002 11/17/2002 - 11/23/2002 11/24/2002 - 11/30/2002 12/01/2002 - 12/07/2002 12/08/2002 - 12/14/2002 12/15/2002 - 12/21/2002 12/22/2002 - 12/28/2002 12/29/2002 - 01/04/2003 01/05/2003 - 01/11/2003 01/12/2003 - 01/18/2003 01/19/2003 - 01/25/2003 01/26/2003 - 02/01/2003 02/02/2003 - 02/08/2003 02/09/2003 - 02/15/2003 02/16/2003 - 02/22/2003 02/23/2003 - 03/01/2003 03/02/2003 - 03/08/2003 03/09/2003 - 03/15/2003 03/16/2003 - 03/22/2003 03/23/2003 - 03/29/2003 03/30/2003 - 04/05/2003 04/06/2003 - 04/12/2003 04/13/2003 - 04/19/2003 04/20/2003 - 04/26/2003 04/27/2003 - 05/03/2003 05/04/2003 - 05/10/2003 05/11/2003 - 05/17/2003 05/18/2003 - 05/24/2003 05/25/2003 - 05/31/2003 06/01/2003 - 06/07/2003 06/08/2003 - 06/14/2003 06/15/2003 - 06/21/2003 06/22/2003 - 06/28/2003 06/29/2003 - 07/05/2003 07/06/2003 - 07/12/2003 07/13/2003 - 07/19/2003 07/20/2003 - 07/26/2003 07/27/2003 - 08/02/2003 08/03/2003 - 08/09/2003 08/10/2003 - 08/16/2003 08/17/2003 - 08/23/2003 08/24/2003 - 08/30/2003 08/31/2003 - 09/06/2003 09/07/2003 - 09/13/2003 09/14/2003 - 09/20/2003 09/21/2003 - 09/27/2003 09/28/2003 - 10/04/2003 10/05/2003 - 10/11/2003 10/12/2003 - 10/18/2003 10/19/2003 - 10/25/2003 10/26/2003 - 11/01/2003 11/02/2003 - 11/08/2003 11/09/2003 - 11/15/2003 11/16/2003 - 11/22/2003 11/23/2003 - 11/29/2003 11/30/2003 - 12/06/2003 12/07/2003 - 12/13/2003 12/14/2003 - 12/20/2003 12/21/2003 - 12/27/2003 12/28/2003 - 01/03/2004 01/04/2004 - 01/10/2004 01/11/2004 - 01/17/2004 01/18/2004 - 01/24/2004 01/25/2004 - 01/31/2004 02/01/2004 - 02/07/2004 02/08/2004 - 02/14/2004 02/15/2004 - 02/21/2004 02/22/2004 - 02/28/2004 02/29/2004 - 03/06/2004 03/07/2004 - 03/13/2004 03/14/2004 - 03/20/2004 03/21/2004 - 03/27/2004 03/28/2004 - 04/03/2004 04/04/2004 - 04/10/2004 04/11/2004 - 04/17/2004 04/18/2004 - 04/24/2004 04/25/2004 - 05/01/2004 05/02/2004 - 05/08/2004 05/09/2004 - 05/15/2004 05/16/2004 - 05/22/2004 05/23/2004 - 05/29/2004 05/30/2004 - 06/05/2004 06/06/2004 - 06/12/2004 06/13/2004 - 06/19/2004 06/20/2004 - 06/26/2004 06/27/2004 - 07/03/2004 07/04/2004 - 07/10/2004 07/11/2004 - 07/17/2004 07/18/2004 - 07/24/2004
-- current --


L337 lexicon
...speak l337?
(image courtesy megatokyo)
L33t/l33+: elite
b33r: beer
h4x0r: hacker
j00: you
L4m3: lame
L33t: elite
ph33r: fear
sux0rz: sucks
sw33t: sweet
w00t: woo hoo!
download a l33+ 5p34k generator here

Site Feed

xml feeds courtesy Feed2js

referral tracking courtesy truefresco.org

link to me
link to me



background image courtesy pixeldecor

random quote javascript provided by
javascript kit



indianapolis weather:
The WeatherPixie
Google
This page is powered by Blogger. Why isn't yours?

  xThursday, May 29, 2003

economy remains lackluster


It's hardly surprising that Bushonomics are not exactly a spur to the economy...
The U.S. economy performed a little bit better in the first three months of 2003 than first thought, growing at an annual rate of 1.9 percent. But even with the improvement, the pace of economic growth was still lackluster.

The latest reading on gross domestic product for the January to March quarter shows the economy expanding slightly faster than the 1.6 percent growth rate estimated a month ago, the Commerce Department reported Thursday. The GDP is the broadest measure of the economy's health.

Carl Tannenbaum, chief economist at LaSalle Bank, said the economy needs to crank up growth to a rate of around 3 percent or higher to get back into a more normal growth pattern and get companies to really start hiring. "Until that happens, it won't feel much like a economic recovery to the average person," he said. [Emphasis added]

In a second report, new claims for unemployment benefits dropped last week by a seasonally adjusted 9,000 to 424,000, for the week ending May 24, the Labor Department reported. But even with the decline, claims were above the 400,000 mark, a level associated with a weak job market. [Again, emphasis added]

The number of unemployed workers continuing to collect jobless benefits, however, jumped by 83,000 to an 18-month high of 3.76 million for the work week ending May 17, the most recent period for which that information is available.

Federal Reserve Chairman Alan Greenspan (news - web sites), in a Capitol Hill appearance last week, predicted that economic growth in the current April-June quarter "is going to be quite soft."

Private economists agree. They don't think the economy will do much better than the first quarter. Forecasts for second-quarter economic growth range from a 1.8 percent rate to a rate of more than 2 percent. ...He said recent economic reports on employment and production have been "on the weak side." But improved conditions in financial markets and strong productivity gains — a key to the nation's long-term economic well being — augured well for the economy's future.

You've gotta be kidding me...overcapacity -- in the form of incredibly strong productivity -- is one of the things keeping the economy so soft. Businesses have little incentive to invest or create jobs -- tax breaks for the rich or no -- when they already have unused capacity, and when consumer demand is weak.
The new federal tax cut — a 10-year, $350 billion package of tax rebates, lower rates, new breaks for businesses and investors and aid to states — was signed into law by President Bush on Wednesday. It, too, is aimed at energizing economic growth.

Baloney. I don't think anyone really beleives that this package of gimmicks is really going to spur any growth; Bush's previous tax cuts, tilted overwhelmingly toward the wealthy, are hardly doing so. Besides, in order to disguise the true cost of the cuts, they pop up and disappear like some crazy whack-a-mole game, so there's little incentive to create jobs now. In this insane realm of supply-side economics, let's see how the consumers -- the ones who account for two-thirds of economic activity in this country -- are doing:
In the January-March, quarter, consumer spending increased at an annual rate of 2 percent. That was better than the government's first estimate of a 1.4 percent growth rate for the quarter and marked an improvement from the fourth quarter's tepid 1.7 percent growth rate. However, the 2 percent pace was still subpar.

Businesses, meanwhile, have largely restrained spending, a major factor preventing the economy from returning to full economic speed.

...Economists say that businesses will continue to be cautious until profits get stronger and they feel more confident in the economy's recovery.


Until then, businesses probably won't be in a rush to hire, meaning the nation's unemployment rate — now at 6 percent — probably will stay there or move higher in the coming months, economists say.

Needless to say, this is hardly encouraging to someone looking for work.





Recent referrals