Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers were down 0.9% versus the prior week but up 2.8% versus the
comparable period last year; Redbook Research reported month to date retail
chain store sales were up 0.6% versus the similar timeframe in April and up
2.7% on a year over year basis.
First
quarter GDP growth was revised to 2.4%
versus expectations of 2.5% and the initial reading of 2.6%; the GDP
deflator came in at +1.1% versus estimates of +1.2%; corporate profits were up
4.0%.
Weekly
jobless claims rose 10,000 versus forecasts that they would be flat.
Other
The
big boys are exiting the housing market (medium):
Politics
Domestic
Freedom drives
economic growth (medium):
More on Eric
Holder’s potential perjury (medium):
More on the
Sebelius slush fund. What this article
fails to mention is that only congress has the Constitutional authority over
the purse; Sebelius’ (the executive branch) action is unconstitutional
(medium):
The
power to bully (medium):
And
as long as I am heaping abuse on the ruling class, read the last dictum from
the Department of Education (medium):
International War Against Radical Islam
Thoughts
on Obama ending the war on terror (medium):
The
problem is that al Qaeda didn’t get the memo (short):
More
on the Benghazi investigation
(medium):
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