Word: highers
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...Bloomberg recently reported "Fallout from the recession implies a 'markedly higher' natural rate of unemployment, says Edmund Phelps, a professor at Columbia University in New York and winner of the 2006 Nobel Prize in economics. "It was 5.5 percent; maybe it will be 6.5 percent, maybe 7 percent." Phelps has a number of equally qualified experts who agree with him. (See pictures of Cleveland struggling with unemployment...
...that the real estate business his company Berkshire Hathaway owns is seeing a small improvement in housing demand. The National Association of Realtors seemed to confirm his observations when it announced that the index for pending home sales went up in March. This data helped send the stock market higher as it stays true to form by rising on the most modest news...
...Except for low home prices and very low mortgage rates, all of the elements for a recover in housing are missing. Those two things should be enough, but balanced against them are shrinking access to credit, an inability of Americans to get higher wages, and crippling unemployment. (See pictures of Cleveland struggling with unemployment...
...deserve it. There's a snag with that, though: our leaders' own levels of trustworthiness are depressed amid the global downturn. In that ICM poll, the rate of trust in the government to manage the financial crisis was just 4.5 in Britain, similar to the level in France but higher than that of Germany. In the U.S., where citizens were polled only days after President Obama's election, confidence was higher, at 6.3. (See pictures of Barack Obama's family tree...
...number of anti-Semitic attacks in France in 2008 dropped for the third straight year, to 397 - even as racist acts directed at other minorities exploded 45% higher. Though the recent violence in Gaza fueled a spate of anti-Jewish aggression in France during December and January, Prasquier is careful to note that "France wasn't unique in this way, because we saw the same kind of action against Jews elsewhere in Europe - notably in England and Belgium...