We would concur with this broadly positive outlook for
the economy over the rest of the year, in large part due to the contribution from US consumers, whose well - being — thanks mainly to a robust labor market — was apparent in one measure of consumer confidence during September, which hit its highest level in nine years.
Not exact matches
After assuring us Tuesday that China's
economy — which is growing a little slower than the 7.5 % target and, is expected to slow further
over the
rest of the
year — was nonetheless «operating within a reasonable range», in his Tianjin speech on Wednesday Premier Li suggested again that the China's 7.5 % growth target is not a hard target, and that there may be «variations» in China's growth relative to the target.
Over the last
year, the solar industry added jobs twelve times faster than the
rest of the
economy, even more than the jobs created by the oil and gas extraction and pipeline sectors combined.
«Wall Street Harry Wilson is in favor
of preserving the federal tax loophole that lets hedge fund managers pay less on their taxes than the
rest of the state, wants to turn
over the pension fund to the same Wall Street bankers that almost brought our
economy to its knees, is against President Obama's Wall Street reform bill AND wants to enforce a $ 2,500 tax hike on households outside
of New York City in his first
year if he was elected.»
This week's speeches on the
economy by the two Eds, and the fall out from the spending review
over the
rest of this
year, will surely give us a pretty good clue.
But to keep pace with wages in the
rest of the
economy, colleges must pay professors more, which raises costs
year over year.
And as the chart above shows, while the U.S. has roughly held its own
over the past 20
years, the
rest of the world's developed
economies, such as those in Western Europe and Japan, have been losing ground to the developing world and the so - called emerging - markets countries.
You may wonder why the government finds the need to pursue such action since 1) U.S. carbon dioxide emissions have already topped out and have generally been on the decline for the past 7 - 8
years or so (from technological advances in natural gas extraction and a slow
economy more so than from already - enacted government regulations and subsidies); 2) greenhouse gases from the
rest of the world (primarily driven by China) have been sky - rocketing
over the same period, which lessens any impacts that our emissions reduction have); and 3) even in their totality, U.S. carbon dioxide emissions have a negligible influence on local / regional / global climate change (even a immediate and permanent cessation
of all our carbon dioxide emissions would likely result in a mitigation
of global temperature rise
of less than one - quarter
of a degree C by the end
of the century).