"Spending surge sparks hope; The contraction continues but has slowed, Fed says" by Jeannine Aversa, Associated Press | April 30, 2009
WASHINGTON - Consumers snapped back to life at the start of the year, renewing hopes the recession is losing steam. Even though the economy shrank again in the first three months - and by a lot - Americans stepped up purchases of cars, furniture, and appliances.
I can't take the lying looters and their lying newspapers anymore.
The shit-shovel is the same every day.
The surge in consumer spending, which accounts for about 70 percent of the economy, could set the stage for a rebound this year.
And wait until you get a load of the terminology:
Many consumers have been fortified by fatter paychecks from tax cuts and smaller mortgage bills from refinancings. Related: The Help Homeowners Got
Yeah, but you were FORTIFIED by the LOOTING GOVERNMENT that GAVE YOU BACK YOUR OWN MONEY!!!
If they keep spending, their dollars could deliver a powerful punch: Businesses will need to replenish their shrunken inventories, leading factories to boost production and nourishing the economy....
Yes, the CONSUMER is FORTIFIED and the ECONOMY NOURISHED!!!
What nutrients are in a MSM turd, anyway?
detect[ing] glimmers that the recession might be easing....
Pfffffttt!
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More s***-shoveling:
"State's rate of economic decline eases in quarter" by Robert Gavin, Globe Staff | April 30, 2009
Yeah, we are still taking on water but sinking less quickly. I love the lying spin, don't you? This from the people who hid a recession/depression for 10 months.
Employment in education and health services is still growing, and Massachusetts companies have seen stock prices rise more than 25 percent in recent weeks."
"in March, with only one major sector, education and health services, adding jobs, employment in the sector.... rose by 100."
Yeah, that will offset the 20,000+ job cuts -- with more piling up everyday:
"2 firms to lay off 300-plus workers; Sycamore, Acushnet blame falling sales" by Hiawatha Bray, Globe Staff | April 30, 2009
Stung by falling sales of optical networking products, Sycamore Networks Inc. will lay off 30 percent of its workforce, or about 140 employees, while Acushnet Co. plans to lay off 169 workers, due to a sharp drop in sales of its Titleist golf balls.
I could really give a damn about the golf balls.
How I despise that elitist, environmentally-destructive (again I ask, where are the enviro-cultistfart-misters at the golf matches? I never see them when the announcer is quietly saying "Tiger putting for par")
Sycamore makes equipment that routes voice and data traffic over optical networks. It sells products to major telecommunications companies and recently landed a deal with Nippon Telegraph and Telephone Co. The layoffs at Fairhaven-based Acushnet, about 11 percent of its Massachusetts workforce, follow a 12 percent reduction in January. The cuts affect plants in New Bedford and Dartmouth and custom operations in New Bedford and Fairhaven.
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Wanna see some bigger cuts?
WASHINGTON - Textron Inc. will expand its job cuts to include an additional 2,100 positions, or 5 percent of its global workforce, as the recession continues to weaken demand for corporate planes.
But, but, but... we are coming out of it! There are GLIMMERS!!!
The Providence maker of Cessna planes, Bell helicopters, and turf-maintenance equipment announced the latest cuts yesterday, a day after it reported a 63 percent drop in first-quarter earnings. This brings the number of jobs eliminated to about 8,300, or 20 percent of its workforce.
The cuts are deeper than Textron had outlined earlier this year. Meanwhile, its Wichita, Kan.-based Cessna Aircraft Co. unit said it will lay off 2,300 employees and close its Oregon plant as it tries to restructure its product line amid declining plane orders.
Cessna has already started laying off an initial 1,600 hourly workers across the company. An additional 700 salaried workers will lose their jobs in mid-June. Cessna has laid off 44 percent of its workforce since the first round of cuts was announced in November....
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Looks like Cessna has been grounded, 'eh, readers?
