Thursday, September 08, 2011

Morning Journal 9/8/11


Economics

This Week’s Data


The International Council of Shopping Centers reported weekly sales of major retailers fell 0.7% versus the prior week but rose 2.7% versus the comparable period a year ago; Redbook Research reported month to date retail chain store sales up 4.7% on a year over year basis.

Weekly jobless claims rose 5,000 versus expectations of a 4,000 decline.
http://www.calculatedriskblog.com/2011/09/weekly-initial-unemployment-claims_08.html



Politics

Domestic


Thoughts on bad weather and its economic impact (medium):
http://www.ritholtz.com/blog/2011/09/preparing-for-battle-more-costly-disasters-to-come/

A suggestion for Obama on job creation (medium):
http://mjperry.blogspot.com/2011/09/drill-drill-drill-jobs-program-14.html

Thomas Sowell on government run medical systems (medium):
http://townhall.com/columnists/thomassowell/2011/09/07/two_different_worlds_part_ii

International War Against Radical Islam

Update on Iran’s nuclear program (medium):
http://www.zerohedge.com/news/un-security-council-finds-iran-violating-nuclear-weapons-program-ban