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INTERVIEW: Ellen Davis Of The NRF: Celebrations Rise For July 4th Weekend
In an interview with RTT News, Ellen Davis of the National Retail Federation says 144 million people will be celebrating Independence Day this year, a rise of 5 million people from last year. However, even though gas prices are still far below last year’s levels, a recent uptick in costs is causing some to reconsider their travel plans. Instead, Davis says many Americans will be “staying close to home.” |
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INTERVIEW: Rich Yamarone Of Argus Research: Jobs Report Suggests “Double Dip”
In an interview with RTT News, Rich Yamarone, chief economist at Argus Research says the June government payrolls report suggests the economy may experience a “W-shaped” recovery. Yamarone, who initially predicted a V-shaped bounce back, warns “we may flip back again” and experience a “double dip.” “There’s really very little reason to suspect that the economy is going to recover,” says Yamarone, “simply because there’s no stimulus directed toward the biggest part of the economy and that’s the |
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Factory Orders Rise 1.2% In May
Orders for manufactured goods increased by more than expected in the month of May, according to a report released by the Commerce Department on Thursday, although the report also showed a continued decrease in shipments. |
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