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7% Growth Looks a Lot Harder After the Jobs Report May 11 2021, 2:30 AM May 10 2021, 8:46 PM May 11 2021, 2:30 AM (Bloomberg Opinion) -- There's been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this year, boosted by the rollout of vaccines, fiscal stimulus and pent-up demand. It's one of the reasons why the S&P 500 closed Friday at an all-time high. (Bloomberg Opinion) -- There's been a lot of optimism in the past few months that the U.S. economy would bounce back from the pandemic with a 7% growth spurt this ye...
The value of my car, which has been gathering dust in our garage for most of the pandemic, increased lately after 12 years of declining. Nothing is "classic" about the car, but the estimated value on CarGurus is up and it must be for nearly any other car that still runs. After months of price increases, the automobile-auction company Manheim reported, used-car wholesale prices jumped an additional 7% just in the first couple of weeks of April. Consumers won't find great bargains shopping for new cars, either. Ford Motor Company's F-series pickups have been America's bestselling vehicle for de...
© Beachcomber Resort & Spa How business travel will look in the post-pandemic world is one of the great unanswered questions, says Conor Sen on Bloomberg. At the same time, many people are looking forward – or at least planning to book – their first big post-lockdown holiday. That’s where the concept of “bleisure” comes in. “Our growing comfort with remote and flexible work arrangements may open up an even bigger category of travel that combines both business and leisure.” Particularly in the summer months, when the schools are out and work is slow, it may become normal to wo...
Phil Murphy made an actual “reopening” announcement this week unlike last Monday’s fake-out, Save Jerseyans. Still, to use a favorite liberal word, the announcement was “problematic” in a number of ways, the most obvious of which was the fact that small businesses (and restaurants in particular) were left with little to celebrate. “For small restaurants and bars, the six-foot rule means they won’t be able to increase capacity, even with the Governor’s announcement,” opined state Senator Declan O’Scanlon (R-13) following Murphy’s daily briefing. “The Governor is waiting...