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.
Don't be afraid to talk to your children. This is the perfect time to talk about the beliefs you hold to be good and to encourage your children to be brave in the face of adversity.
Los Angeles County health and elected officials again highlighted disparities in COVID-19 deaths among black residents today and also warned that a recent uptick in transmission rates could result in a lack of sufficient ICU beds in coming weeks.
From the shoreline to downtown and beyond, thousands of Southland residents came out in force again today in protest of police brutality and in condemnation of the death of George Floyd while being arrested by a white police officer in Minneapolis.
This has been an emotional, powerful and historic week. We wanted to take a moment to share with you—our viewers and supporters—where we stand and what we can offer.
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