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Good news for a change of pace
January 10, 2011 - Mike Maneval
While I hope to have upcoming posts soon on Constitutional principles, gambling in Pennsylvania and the national debt, deficit spending and China, the events of the weekend have led me to search out some more positive notes for this post.
Reuters is reporting the Federal Reserve will set a record this year in profits passed to the U.S. Treasury. Each year, the Fed delivered the profits from its securities and other holdings to the U.S. government. This year, the total is $78.4 billion, $31 billion more than last year.
The Huffington Post's Dee-Ann Durbin reports Ford Motor Co. plans on hiring an additional 7,000 employees in the next four years, including 4,000 workers this year.
And, as the Sun-Gazette has reported in the past two weeks, consumer spending is up and is greatly aiding in countering joblessness, preventing the unemployment rate from rising. The nation's unemployment rate is down to about 9.4 percent, after spending much of the spring around 10 percent.
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