Friday, March 8, 2013

Morning Journal--Clarity on the use of drones


Economics

   This Week’s Data

            Weekly jobless claims fell 7,000 versus expectations of an 11,000 rise.

            The January trade deficit came in at $44.4 billion versus estimates of $43.0 billion.

            Fourth quarter nonfarm productivity declined 1.9% versus forecasts of -1.6%; unit labor costs rose 4.6% versus expectations of an increase of 4.4%.

            February retail chain store sales were slightly over estimates.

            February nonfarm payrolls rose 117,000 versus expectations of up 14,000; unemployment fell to 7.7%.

   Other

            Friday morning humor (short):

            A key issue---is the balance sheet recession over (short):

            Retirees no better off than in 1999 (short):

            Latest data on household net worth (medium):

Household net worth has never been more reliant of financial assets (short):

Politics

  Domestic

Some clarity on the use of drones domestically (short):

  International War Against Radical Islam

            How to beat OPEC (medium):

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