FROM Karen Dynan
Holiday Shopping, China and Economic Recovery Consumer spending accounts for 70 percent of the US economy, so the holiday shopping season is an important measure of economic recovery. This year, it started early, and the big question is, how long will it last?
Consumer Spending and Economic Recovery Consumer spending is 70 percent of the US economy, so what did Black Friday and Cyber Monday reveal about this year's holiday season? The 90 percent who are still employed are beginning to spend again. If Americans spent their way into the Great Recession, can we spend our way out of it? President Obama said today the US needs to get back to what it used to be famous for: inventing, building and exporting goods that say Made in America. Does the US need to become more like China is now, and does China need to be more like America used to be?
Truth and Lies in Trumpland Donald Trump is using mis-information like no President has before him. It's an unprecedented challenge to the news media, and a potential threat to democracy. We hear how the "leader of all the people" is dividing Americans and confusing the rest of the world.
Trump's ethical conflicts pile up as transparency diminishes President Trump's refusal to reveal his income tax returns is just one example of a lack of transparency that could be hiding conflicts of interest. Other conflicts are already obvious from his appointments. And he's being sued for using his job to increase his profits.