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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Everybody's seeing the loss of the income and people are spending cautiously wherever they can.
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That probably overstates the impact, just think of the army of people pouring into that region, and you see people spreading out across the country and getting jobs; it won't continue, I don't think those bottlenecks and shortages will continue. The broader concern is we have crude oil over $60 a barrel, which is the price even before Katrina was named, and that will have long-term effects on the economy, and I think that's a distinction that should be made.
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This reminds me of the famous Sherlock Holmes mystery, where the dog that didn't bark was the key. It was what Greenspan didn't say more than what he did say that got the market excited. People were ready to hear a more upbeat reading on the economy than he gave.
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The reality is that many other people working in the auto industry are going to be asked to make painful adjustments, too, and a lot of people are going to say it's not worth it.
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People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.
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The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else.
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These are job cuts, but they're happening in a rather humane way compared to what could have occurred. They were going to happen anyway. Now those people have more of a cushion with which to make adjustments in their lives.
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I'm looking for an unexciting kind of year; not unlike the one we're just ending.
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Things have been pretty difficult here. If it goes well, it's something the city can feel good about.
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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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I'm glad I got to know him a little even if he wasn't aware I was around, ... He went out with a whole lot of love.
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I'm working hard to sell this town. Just try to picture it without the tree.
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It's clearly a reflection of how much more the Japanese companies have tended to be more profitable in recent years.
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It's certainly a concerning reading. Most of what we are seeing there is the impact of higher natural gas and other energy prices.