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Overhanging the 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...
Bryan Eshelman, a managing director in the retail practice at AlixPartners, a global business advisory firm, says the retail recovery has a long road ahead. "We're still about $25 billion [in retailer sales] below the autumn 2007 peak on a seasonally adjusted basis," he says...
Davis says she's "encouraged" by the February sales numbers. She notes that many of the retailer sales were on full-priced spring items - not on heavily discounted inventory left over from the holidays, as was the case in 2009. Still, she points out that the healthy sales increase is against last year's "disastrous" first-quarter sales numbers, so "I don't want to paint too rosy a picture...
...benefit publicly from more transparency, it won't change the fact that more than 99% of the scientific details in the 2007 report have already withstood the most intense scrutiny. The fact that climate change evidence that was "very likely" a few years ago has now been declared likelier still by the comprehensive Met Office report suggests that the evidence for human-caused climate change is getting better all the time...
These changes come after Boloco extended its Friday and Saturday night hours to 2 a.m. earlier this year in order to attract the more, well, jovial crowds still out on their weekend adventures. After 11 p.m. on weekend nights, happy Boloco diners can also now purchase items from the breakfast menu...