POLITICS - President Barack Obama arrived in Washington by train today, retracing the path Abraham Lincoln took in 1861.
Meanwhile United States consumer confidence rose in January but remained at comparatively depressed levels, with expectations of a deep and long recession persisting.
The University of Michigan Surveys of Consumers said its preliminary index reading of confidence for January rose to 61.9 from December's 60.1. The index was almost 3 points above economists' forecasts of 59.0. The results is the highest since 70.3 in September 2008.
However, "consumer confidence continued to hover near its half-century low, showing no signs of significant change during the past six months," the report said.
One-year inflation expectations rose in January to 2% from 1.7% in December. The uptick was due to expectations of rising gasoline prices in the coming year, the report said, but with the current deflation of oil prices the prices of products should come down a bit.
Economic expectations could improve further after U.S. President-elect Barack Obama takes office, the report added. "If Obama's economic policies receive widespread public support and are promptly enacted – as is now anticipated – consumer confidence could post some anticipatory increases even as actual economic conditions continue to worsen."
When he arrived in Washington today Barack Obama pledged to help bring the nation “a new Declaration of Independence” and promising to rise to the stern challenges of the times.
American, Canadian, Toronto & International News Commentary: Spreading Freedom in the Face of Tyranny
January 17, 2009
Consumer Confidence up as Obama arrives in Washington
Labels:
Barack Obama News,
Economic News,
USA News
Subscribe to:
Post Comments (Atom)
Affordable Website Design & SEO
|
Featured Posts
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
Visit amazon.com/author/moffat to get free short stories and huge discounts on fantasy books by Charles Moffat. Sale ends on October 20th.
-
CANADA - One of Canada's elite commando units, the JTF2 commandos, have returned home to Canada after serving in Afghanistan for almos...
-
Interracial Relationships is a big no-no for some people, however there's a lot of information out there showing that such relationship...
-
CANADA / ENVIRONMENT - Companies in Canada are cutting their emissions even though the government of Canada is still sitting on the fence w...
-
CANADA - Seriously... who was going to vote for a bald guy named Rocco Rossi??? According to polls 4% of Torontonians were thinking of voti...
-
Peasant Magazine is seeking submissions for Issue #2. Specifically it is looking for fantasy, historical fantasy, historical fiction an...
-
CARS - Nobody ever steals a pink car. According to a Dutch study which compared the colour of cars being stolen, pink is the safest colour ...
-
I just finished watching Sicko (the 2007 documentary by Michael Moore about American health care, or lack thereof) and it is way better tha...
-
And the similarities don't stop there. Hitler and Trump have a lot more in common. The context in which Adolf Hitler was elected is...
-
CANADA - Interesting Fact: Stephen Harper 's Conservative government in Canada has only shown up to work for 14 days between June 1st ...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.