Word: timing
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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...
Despite blistering snowstorms and a dip in consumer confidence, retail sales rose strongly in February, signaling that recession-weary shoppers may finally be opening their wallets. Yet experts quickly noted that consumers have not convincingly abandoned their penny-pinching ways and likely won't for a long time...
About 40% of the country's unemployed, or 6.1 million people, have been out of work for at least six months, and the number of people working part-time because they can't find full-time employment stands at 8.8 million...
...TIME's Pictures of the Week...
...that pattern holds, Maliki's State of Law coalition would likely emerge with a plurality of the vote; there are, after all, probably twice as many Shi'ites as there are Sunnis in Iraq's electorate, even though hundreds of thousands more Sunnis appear to have voted this time compared with 2005's turnout. But Maliki is unlikely to win a majority, and would need coalition partners - perhaps from among the Kurdish nationalist parties that again polled strongly enough in their own areas to potentially earn a kingmaking role in Baghdad, or from the Sadrists and other Shi'ite Islamist...