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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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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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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It looks like another good year for California. Housing prices have got to slow down.
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Apparel prices have been trending down for years, thanks in part to downward pressure on import prices.
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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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We did have a stumble. It was related a lot to the hurricanes, and it's very clear that the economy is bouncing back nicely in the first quarter.
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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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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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People are awfully comfortable with the outlook for stable Fed (policy), so bonds trade with the stock market.
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I wouldn't guess it will look real great.
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I guess I'm not surprised the unions are unhappy with the adjustments they are being asked to make, and I am not surprised they banded together to try to get a better deal,
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It had little trains and teddy bears on it, ... It was cute.