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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...
...counterinsurgency, which some Democrats say amounts to nation-building, and a more limited counterterrorism approach against the Taliban and al-Qaeda, Obama will now hold five more meetings of the National Security Council on the issue before making up his mind, National Security Adviser James Jones told the Washington Post. Jones emphasized there's no set deadline and that the President will "encourage freewheeling discussion" and "nothing is off the table." (See pictures of the U.S. Marines new offensive in Afghanistan...
...whiff of the Via Veneto into the courtroom. Napoleoni has spent her career working the surprisingly mean streets of this ancient hill town, infested with battling gangs of Albanian and Moroccan drug dealers and a plague of prostitution from international human traffickers who find it a convenient trading post. Napoleoni is occasionally accompanied by another female homicide cop, Lorena Zugarini, who is built like an East German swimmer. It was Zugarini who kicked in one of the doors of the murder house. (See pictures of crime in Middle America...