News today that construction rose 1.3 percent in April. Is it just me or does anyone else think that a lot of the numbers that people are using to claim the economy is in recovery are all pretty well attributable to little more than a tax rebate bump that has yet to really demonstrate any long-term benefit? I mean, how long does a construction project have to be in the works before the building actually begins, I'd say 6 months at least, right? I guess I might be falling victim to my own ideological disposition- I just find it hard to believe that we can have a full recovery amidst the increase in oil prices, ridiculous deficits, and oncoming inflation. (1)
We got our regular features once again- more news on SB2 in Claifornia (I'd love to hear some anlysis of this law from somebody who knows something about it.)(5), the continuing volatitility in the oil markets (2, 4), and a revealing example from the tech sector of why options expensing is so feared (3). And we also got new shit stirring in Cheney's office fresh off the presses (6).
- WaPo - Building, Manufacturing Up
- NyT - Oil Prices Set Another Record, Topping $42
- Forbes/Reuters - JDS says 2004 stock options worth 18 pct of revs
- CnnMoney - Gas prices down, but for how long?
- SfC - Health law faces big guns
- WaPo - E-Mail Links Cheney's Office, Contract