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Much of the debate about how well the economy will do post-stimulus has to do with the health of the U.S. consumer. Some economists believe that consumers, after not spending much in 2009 and 2010, will open their wallets widely in 2011 - and all that pent-up demand will give a big boost to the economy. Others believe that two years of saving won't be enough to cure a decade or more of overspending. And with the consumer still focused on paying down debt, economic growth will be slow at best...
Stock-market analysts, who are usually wildly bullish on far-off earnings projections, seem to have the same tentative take on the post-stimulus economy. According to Thomson Reuters, analysts believe that on average, companies in the Standard & Poor's 500 will earn 22% more in 2011 than they will next year. That's a larger-than-average jump for corporate profits. But it will be down from the 25% jump analysts are expecting for 2010, when the stimulus money will still be pumping into the economy. And it is far below other rebounds. In 2003, for instance, corporate profits...
Judging by the title of this post, FlyBy's hopes for an adrenaline-packed episode of Gossip Girl were unceremoniously dashed, as this episode pretty much sucked. We've put together a scientifically sound rating system featuring noteworthy moments, fashion faux pas, and our incredibly wry commentary for each storyline. Only minor spoilers this time. Ratings after the jump...
...Small and Medium Enterprises Board that the Shenzhen bourse set up in 2004 and state funding for the domestic private equity sector to supply SMEs with venture capital and other funding. GEM, in particular, is regarded as a platform to jumpstart ventures that could dominate China's post-crisis economic environment, in which heavy industry and manufacturing is supposed to take a back seat to higher "value-added" and consumer-focused businesses. It is no coincidence that some in local media grandly refer to "the search for the next Microsoft" in reports about the new board...
...Nounou said. Islamic Jihad and other Islamist groups are believed to be behind almost all of the rocket attacks since the cease-fire came into effect. Though there is some suspicion that Hamas may have had a hand in one or two, it has not claimed responsibility for any post-cease-fire rockets launched into Israel...