Word: faucher
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...Then there's the elephant in the room: jobs. The U.S.'s unemployment rate, which stood at 9.7% in February, is expected to hit at least 10.3% before peaking later this year, according to Gus Faucher, director of macroeconomics at Moody's Economy.com. Says Brinkmann: "The fundamental driver in demand for housing still comes down to jobs." (See 10 ways your job will change...
...economic outlook is the dark cloud of jobs. With unemployment at 9.7%, underemployment (which includes those working part-time and those who have given up looking for work) at 16.8% and consumer confidence taking an unexpected 10-point drop in February, Americans are still feverishly chasing bargains. Gus Faucher, director of macroeconomics at Moody's Economy.com, believes unemployment will hit 10.3% before peaking later this year...
...seen a fundamental shift in human behavior - people living more within their means - and I think that's going to be a permanent shift," says Faucher. "The go-go attitude of borrowing against your house to buy a big-screen TV is largely going to be a thing of the past...
...order to be reassured that the world wouldn't come to an end. Yet teachers now face a climate in which parents ghostwrite students' homework, airbrush their lab reports - then lobby like a K Street hired gun for their child to be assigned to certain classes. Principal Karen Faucher instituted a "no rescue" policy at Belinder Elementary in Prairie Village, Kans., when she noticed the front-office table covered each day with forgotten lunch boxes and notebooks, all brought in by parents. The tipping point was the day a mom rushed in with a necklace meant to complete her daughter...
...This is still a President who hasn't vetoed a bill," says Gus Faucher, director of macroeconomics at Moody's Economy.com. Bush wants to make his tax cuts permanent, which will be expensive, and the nation is fast approaching the retirement years of the Baby Boom generation, which will be costly as well. Paulson needs to start the nation down the road of deficit reduction-and Bush needs to give him a free hand...