Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
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They can grow five times faster than normal and by the time they've been in foster care for a year and a half they will nearly have caught up.
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It's a little more evidence that growth in the economy has downshifted a bit, but that's what happens when higher energy costs take money from people's pockets.
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A reasonable estimate is that an infant loses 1-2 IQ points per month and sustains predictable losses in growth as well as motor and language development between 4 and 24 months of age while living in an institutional environment.
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This is a crystal clear indication that the labor markets are very healthy and it reinforces the notion that the economy is growing in a healthy, sustainable way.
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The Fed is more willing to balance risks in favor of growth than it was two years ago. They really don't want to be accused of anti-growth. They want to be seen as anti-inflation, and I don't think in that light they wanted to be seen as moving ahead of inflation reports that have not shown any acceleration.
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The Federal Reserve will be meeting on Sept. 30. It will be an easy decision to leave policy unchanged. There is no sign of accelerating inflation, and there are arguments and evidence that growth is in the process of slowing somewhat.
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There's no question the Michigan economy and Detroit metro economy have been lagging because of continued exposure to the auto sector.
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I was really encouraged to see the rebound in activity in June and July. The local economy looks much healthier this summer than it did this past spring. However, a clear up-trend is not yet in place and probably will be slow to develop given the punishing level of energy prices and the prospect of more consolidation in the auto industry.
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I think Michigan would like nothing more than to see GM emerge as a leaner and more profitable company,
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It is exciting just to be able to say you actually saw an Olympic medal up close, even touch it.
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The affordability of light vehicles has been quite stable over the past ten quarters. Family incomes have been rising faster than vehicle prices, but higher interest rates have increased the cost of financing a new car.
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With many investors drifting away early for the Thanksgiving holiday and with the fixed income markets scheduled to close early on Wednesday, the clear potential is for some erratic price action in illiquid markets,
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From a cyclical perspective, I'm not prepared to worry about inflation. There's no clear pattern of acceleration.
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I expected our index to tick lower in March, as the effects from the Super Bowl and mild winter weather faded. Looking ahead, our index probably will settle into a lower range, as the local economy struggles to overcome restructuring in the auto sector, higher interest rates, and elevated gasoline prices.