Recovery or Recession:The Ongoing Debate
The economic situation seems to be improving, but many Americans think differently. Is the U.S. recovering or headed for another recession?
What’s the Latest Development?
According to a poll conducted by the Washington Post, 79 percent of participants believe the United States is still in a recession. Lakshman Achuthan, co-Founder of the Economic Cycle Research Institute, indicates the U.S. economy is shrinking based on three data points: declining consumption, factory output is slumping and consumers remain gloomy. On the other hand, the economy looks to be in recovery because of the healing housing sector, lower gas prices and salaries are increasing. However, these positives the economy is experiencing is not enough to convince many that the economic situation will turn around anytime soon.
What’s the Big Idea?
The U.S. economy has been recovering since 2009—or so they say—but many Americans still believe the recession is still in existence and is not getting any better. “Many see a rising risk of recession striking within 12 months, particularly with the “fiscal cliff” of tax hikes and spending cuts set to take effect on Jan. 1, 2013. Federal Reserve Chairman Ben Bernanke says unless Congress acts to avoid the cliff, a “shallow recession” could result.”
The new offices will be built in New York's Long Island City and Viriginia's Arlington.
- Amazon will receive more than $2 billion in incentives from the two states.
- The company plans to create a total of 50,000 jobs at an average wage of $150,000.
- The announcement has caused controversy, raising concerns about rising rent prices and potentially lost resources in communities surrounding the upcoming developments.
The results come from a 15-year study that used ultrasound scans to track blood vessels in middle-aged adults starting in 2002.
- The study measured the stiffness of blood vessels in middle-aged patients over time.
- Stiff blood vessels can lead to the destruction of delicate blood vessels in the brain, which can contribute to cognitive decline.
- The scans could someday become a widely used tool to identify people at high risk of developing dementia and Alzheimer's.
Dozens of mummified cats were dug up this week. This isn't as shocking as you might think.
- Archaeologists in Egypt have found dozens of mummified cats in the tomb of a royal offical.
- The cats will join the ranks of hundreds of thousands of previously discovered ancient kitties.
- While the cats are nothing special, the tomb also held well preserved beetles.
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