Happy Days Are Here Again? | KCET
Happy Days Are Here Again?
Milken Institute's Ross DeVol's research shows that the U.S. economy is -- like so many folks in Hollywood -- already in recovery.
From the press release announcing the report, which is titled, From Recession to Recovery: Analyzing America's Return to Growth
"Key points in the forecast:
* Real GDP will grow at 3.5 percent in 2010, 3.7 percent in 2011 and 3.8 percent in 2012. Growth returns to slightly less than 3 percent from 2013 to 2015.
* The U.S. will add 1.8 million jobs in 2010, 3.1 million in 2011 and 2.6 million in 2012.
* Real consumer spending is projected to increase 2.8 percent in 2010, 3.5 percent in 2011 and 3.0 percent in 2012.
* New home construction won't aid economic growth in 2010, but residential fixed investment should jump 26.0 percent in 2011 and 25.7 percent in 2012."
"The recovery is fueled by:
* Economic growth in developing countries, which supports U.S. exports
* Improved business confidence that fosters strong investment in equipment and software
* Consumers making previously deferred purchases of durable goods
* Record-low long-term interest rates
* A benign inflationary environment that will allow the Fed to keep short-term interest rates at zero until late 2010 or even into 2011"
Photo Credit: The image accompanying this post was taken by Flickr user Patrick Hoesley. It was used under Creative Commons license.
From horror film location tours to the Hollywood Museum Dungeon of Doom, here are the best places get up close to cinema's most terrifying monsters and villains.
As a sculptural artist, Rocklen endorses the hyper familiar in a whimsical, surreal fashion. He turns Palms Park into a vertiable digestive system and peoples it with... life-sized, dancing fast food.
Enter to win a pair of tickets to “The Great Leap” on Wednesday, November 6 at 8:00 p.m at the Pasadena Playhouse.
Over the centuries, the concept of justice has been tackled and pondered over, and today's most pressing issues and latest science have changed the way we view it. Learn a few more things about "justice" in the 21st century.
- 1 of 211
- next ›