David Orr
David Orr
David Duvall Orris an American Democratic politician from Chicago, Illinois. He was Alderman of the 49th Ward in Chicago from February 23, 1979 to December 10, 1991. In 1987, he served briefly as Mayor of Chicago after the death of Mayor Harold Washington. Since 1991, he has been County Clerk of Cook County. As County Clerk, he is responsible for the third largest election district in the United States. Orr is a graduate of Simpson College in Indianola, Iowa. In...
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While the monthly data is often erratic and the government statisticians warn that it takes four months to establish a change in trend, it is pretty clear from the top chart that the explosion in housing from 1997 through early 2000 is ending.
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The data reflect that main concern that Mr. Greenspan has voiced in his recent comments, i.e., that with labor markets this tight, there is a real risk that compensation costs will accelerate faster than the ability of productivity gains to offset those costs, thus boosting unit labor costs and thereby generating price increases,
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The data is squarely at odds with the anecdotal evidence one gets from those in the industry,
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The soap opera will continue. I wouldn't take them off stage altogether as some people are doing.
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Things obviously got away from them. But by acting in such dramatic fashion, the Fed sent a loud signal to participants in both the financial and the business sectors that the Fed will fight the threat of recession as vigorously as it fought the threat of inflation.
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(Fed Chairman Alan) Greenspan thinks consumer confidence is important, and if he thinks so I guess we should think so,
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As is evident, a clear deceleration appears to be underway. The gain was not large enough to recoup the 13.1% month-over-month decline in July.
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As is evident, a clear deceleration appears to be underway, ... The gain was not large enough to recoup the 13.1% month-over-month decline in July.
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I still think there's a better than 50-50 chance they will raise rates again.
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Given that the Fed has indicated this is a key number, that's very hopeful,
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But that's if economic conditions become far worse than they are now, ... It's a bit like saying 'if the sun doesn't come up tomorrow then crops will fail,' or 'the world may end if it gets hit by a meteor.'
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Several forecasters have recently indicated they believe the U.S. economy is already in recession,
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This report may modestly lower third-quarter real GDP estimates,
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We're looking at an innovative non-standard way to float the company, that may involve giving existing shareholders priority in any offering. We're not ruling anything out.