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Modest growth is likely in store for March retail sales

by Mariya Pylayev | Apr 15, 2012 | Economy

B y Mariya Pylayev Retail sales likely experienced a modest increase in March, following suit with recent slower-than-expected job growth. Retail sales are predicted to rise 0.3 percent, according to a Bloomberg survey of 71 economists. The forecast follows a 1.1...

Americans embrace smartphones as a necessity rather than a luxury

by Mariya Pylayev | Mar 31, 2012 | Economy

By Mariya Pylayev Smartphone use on the rise by mpylayev Young, tech-savvy American consumers have paved the way for rapid growth in smartphone use, de-elevating the internet capable, data-consuming devices from luxury to basic necessity. Nearly half of American...

Ex-Fed chairman Paul Volcker calls the U.S. government “creaky and contentious”

by Mariya Pylayev | Mar 22, 2012 | Economy

By Mariya Pylayev Economist and former Federal Reserve chairman Paul A. Volcker spoke about the dangers of excessive spending and the necessity to revamp America’s political system at The Cooper Union in Manhattan on Wednesday, March 21. He delivered the 11th Annual...

Retail sales improve in February, jobless claims remain at four-year low

by Mariya Pylayev | Mar 14, 2012 | Economy

B y Mariya Pylayev Rapid job creation and increased consumer confidence contributed to higher than expected retail sales in February. Overall retail sales improved 1.1 percent in February, following an upwardly revised 0.6 percent gain the prior month, said the...

Modest rise in January retail sales is not as disappointing as skeptics think

by Mariya Pylayev | Feb 17, 2012 | Economy

By Mariya Pylayev Despite widespread pessimism concerning a modest rise in January retail sales, the figures were not as disappointing as some skeptics made them out to be. Overall retail sales rose by 0.4 percent in January, half the forecast, marking the fourth...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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