To the Point
Holiday Shopping, China and Economic Recovery
Wall Street executives are getting bonuses, giving parties and renting summer homes in the Hamptons again, but the rest of the economy is growing a lot more slowly. What are the early indicators from holiday shopping? What do shopping habits in China have to do with US recovery? Also, the GOP's winning on tax-cut deal and blocking everything else. On Reporter's Notebook, the Utah Compact, a new approach to illegal immigration.
By Warren Olney • • 1h 0m ListenWall Street executives are getting bonuses, giving parties and renting summer homes in the Hamptons again, but the rest of the economy is growing a lot more slowly. What are the early indicators from holiday shopping? What do shopping habits in China have to do with US recovery? Also, Republicans are winning on tax cut deal and blocking everything else. On Reporter's Notebook, Utah conservatives propose a "comprehensive" approach to illegal immigration they insist is not "amnesty."
Banner image: Shoppers move about in Macy's department store in Midtown Manhattan November 26, 2010 in New York City. Photo: Chris Hondros/Getty Images
In this episode
3 storiesGOP Winning on Tax Cut Deal, Blocking Everything Else
In Winston-Salem today, President Obama addressed the burning issue in Washington, of what to do about the Bush tax cuts. "Our challenge now is to do whatever it takes to accelerate job creation and economic growth. Now in the short term, that means preventing the middle-class tax increase that's currently scheduled for January 1."
Read the story8 minConsumer 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?
Read the story34 minUtah Considers Alternative Approach to Immigration Reform
Arizona law requires police officers to demand proof of citizenship from suspected illegal immigrants and to turn them over to federal authorities. Almost from the moment it took effect, it's been tied up in court. But group of conservatives endorsed by the Mormon Church says there's a better way.
Read the story9 min
