NPR : News

Filed Under:

Consumer Confidence Highest Since Before Recession, Survey Says

Here's news that could affect both the economy and the presidential race:

Consumer confidence has improved "in each of the past nine monthly surveys" and is now at "its highest level since October 2007," according to the latest Thomson Reuters/University of Michigan Survey of Consumers. The most recent recession officially began in December 2007, and lasted into early summer 2009.

Since consumers purchase about 70 percent of all the goods and services that businesses produce, they are a critical driving force for the economy. And, since many consumers also vote, how they feel could help determine which candidate gets their support.

But Richard Curtin, chief economist for the survey, notes in his analysis that "consumer confidence was nearly as high in the past two years before the gains were reversed. While gas prices and economic policy debates played a role in the pull backs, changes in job expectations also had a critical impact."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Is It All Greek To You? Thank Medieval Monks, And The Bard, For The Phrase

Ben Zimmer, language columnist at The Wall Street Journal, explains the origin of the phrase "it's all Greek to me" — and shares a few variants from other languages.
NPR

Do Try This At Home: 3 Korean Banchan (Side Dishes) In One Pot

If you've ever eaten at a Korean restaurant, you're used to the endless side dishes that come out with the meal. They're called banchan, and they're remarkably simple to make for yourself.
WAMU 88.5

Cutting Local Taxes in The District

The D.C. Council has taken steps to accelerate tax cuts for all income earners. They're part of a broader overhaul of the city's tax levels, but some council members argued there wasn't enough time for a rigorous debate about the new schedule. We explore the debate over cutting taxes for D.C. residents and how it affects the city's ability to pay for critical local services.

NPR

Reddit CEO Says Miscommunication Led To Blackout Protest

A user revolt briefly shut down the social site last week after a key employee was dismissed. Interim CEO Ellen Pao says the company has "apologized for not communicating better" with site moderators.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.