The U.S. investment boom has arrived
It’s hard to recall a time with such a large disconnect between how Americans feel about the economy and the data. The Commerce Department on Thursday reported that GDP grew 3.4% in the third quarter thanks to surging business investment and buoyant consumer spending. So why are Americans so glum? By objective measures, the economy is firing on most cylinders. Consumer spending remains healthy and contributed 2.52 percentage points to the third-quarter GDP increase. Even if consumers fume about higher prices, they aren’t tightening their belts. Spending on motor vehicles, household ...
While the economy is growing, purchasing power is not
The economy is strong by conventional measures, but most voters don’t feel it. Gross domestic product grew 3.4 percent in the third quarter, the fastest pace in a year. Consumer spending increased 3.8 percent, and nonresidential business investment surged 12.7 percent, propelled by artificial intelligence and the data center build-out. At the same time, the final Post-ABC News-Ipsos poll before the midterms found that 75 percent of Americans describe the economy as poor or not so good. Forty-eight percent say they’re financially not as well off since President Donald Trump took ...
A warning about dangers of driving while drowsy
As daylight hours dwindle and the winter season approaches, drivers can find themselves battling fatigue and drowsiness while behind the wheel of a vehicle. This puts not just the driver in danger but those around them in the vehicle and sharing the road, according to Emplify Health by Bellin. This is national Drowsy Driving Prevention Week, when experts warn that operating a motor vehicle under such conditions can have dangerous, even deadly, consequences. Dr. Brad Burmeister, an emergency physician at Emplify Health by Bellin, said in a news release that drowsy driving poses a ...