Tag: financial

June 2, 2015 0

Illinois Politicians’ Brazen #1 Priority: Paying Themselves

By News Desk

Illinois Politicians’ Brazen #1 Priority: Paying Themselves It’s no secret that politicians in general are a self-serving lot, primarily concerned about doing whatever it takes to get reelected. Taxpayers be damned in the process. As usual, Illinois politicians lead the way in brazen graft on such manners as excerpts from Illinoisans Suffer, Politicians Get Paid by Jeffrey Schwab, attorney for the Illinois Policy Institute shows

May 29, 2015 0

First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds

By News Desk

First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds First quarter GDP came in at -0.7% pretty much in line with the Bloomberg Consensus estimate of -0.8%. First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data made for a bigger negative contribution from net exports as imports spiked 5.6 percent from an initial gain of 1.8 percent.