Dana Johnson
Dana Johnson
Dana Johnsonis an American writer and Associate Professor at the University of Southern California. Honors include the Flannery O'Connor Award for Short Fiction, and being named a nominee for the Hurston/Wright Legacy Award. Her writing has appeared in Callaloo, The Iowa Review, and elsewhere...
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This deal gives GM a better shot at returning to profitability and generating bonuses for line workers and their salaried workers. What we should all be rooting for, no matter where we work, is that the Michigan-based auto sector becomes more competitive and more profitable.
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Affordability has deteriorated over the past year because consumers are buying more expensive cars, financing a larger portion of those purchases and paying higher interest rates on car loans.
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They view it that that is more likely to keep the overall economy performing in a relatively smooth way so that the seasonality - if there is any - in credit demands doesn't cause large swings in interest rates, which in turn cause activity to turn on and turn off in an erratic way.
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Deflation is not a risk the Fed should take, ... If you ask me, should they ease, yes they should.
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There's excruciatingly slow improvement in the labor market and no reason for the Fed to withdraw any of its accommodation, given the lack of job growth.
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I think Michigan would like nothing more than to see GM emerge as a leaner and more profitable company,
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I don't think one 50 basis point move (by the Fed) is likely to be enough. It's going to be very hard for the stock market to move ahead. Profit margins are not going to be expanding. There's going to be nothing to offset the higher interest rates.
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It's a little more evidence that growth in the economy has downshifted a bit, but that's what happens when higher energy costs take money from people's pockets.
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The unemployment rate on a month-to-month basis bounces around quite a lot. The trend is for a small downward drifting in the unemployment rate, reflecting as much people withdrawing from the labor market as anything else.
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It is exciting just to be able to say you actually saw an Olympic medal up close, even touch it.
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The industrial production data ... was sort of a sober warning about the softness in the industrial sector of our economy.
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Things have been pretty difficult here. If it goes well, it's something the city can feel good about.
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The market has been extraordinarily complacent, viewing central bankers only as buyers although they're also sellers.
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The Federal Reserve will be meeting on Sept. 30. It will be an easy decision to leave policy unchanged. There is no sign of accelerating inflation, and there are arguments and evidence that growth is in the process of slowing somewhat.