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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 42,517

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Underwear Sales Increase, Suggesting A Rebounding Economy

Looking closer at the data, specific undergarment companies are flourishing in the current economy. HanesBrands Inc., for example, has seen underwear sales increase steadily over the past three years, climbing from $1.83 billion in 2009 to $2.01 billion in 2010 to $2.06 billion in 2011, according to SEC files. Sales for the first half of 2012 -- the most recent available data -- are also stronger, coming in at $1.17 billion, compared to $1.15 billion in the first half of 2011. The company's stock price, which hit a 6-month low of $24.78 per share on May 18, was over $33 per share on Monday.

Limited Brands Inc., the parent company of Victoria's Secret, does not separate that company's revenues from those of its other brand names, like Bath and Body Works. The company's overall store sales for the first half of 2012, however, were up 8 percent from the first half of 2011, according to its latest earnings statement, and it saw its stock price rise from $45.11 on May 18 to more than $50 on Monday.

Greenspan's theory on underwear sales as an economic indicator was fairly straightforward.

"If you look at sales of male underpants it's just pretty much a flat line, it hardly ever changes," NPR's Robert Krulwich explained of the theory, after Greenspan's book "The Age Of Turbulence" was published. "But on those few occasions where it dips that means that men are so pinched that they are deciding not to replace underpants. And said 'that is almost always a prescient, forward impression that here comes trouble.'"


Potentially Ominous Sign For Romney In Today’s Gallup Numbers

Source: The New Republic

Potentially Ominous Sign For Romney In Today’s Gallup Numbers
Nate Cohn
October 9, 2012 | 1:32 pm

While the twitter-verse was ablaze with the news that Romney seized the lead in Gallup’s tracker of likely voters, the underlying data hinted at troubling news for Romney. After making big gains among registered voters following the debates, Gallup’s most recent days of tracking have shown a shift back in the president’s direction, with Obama returning to pre-debate levels.

Similarly, Gallup’s 3-day approval tracker found the president reaching 53 percent, suggesting that the president fared pretty well in interviews on Saturday, as well.

Ultimately, this is just two nights of tracking, but it’s consistent with the movement in Rasmussen’s tracker, Obama’s strong performance in Colorado and Iowa in Rasmussen’s Sunday polls, and PPP’s tweets about the evolution of their samples. If confirmed by other pollsters, there’s a chance that Romney’s impressive bounce might prove short-lived.

Read more: http://www.tnr.com/blog/electionate/108344/ominous-sign-romney-in-todays-gallup-numbers#



Welch can't take the heat: I quit

Source: Fortune

Welch can't take the heat: I quit
By Stephen Gandel, senior editor October 9, 2012: 12:43 PM ET

FORTUNE -- Jack Welch has left our building, metaphorically that is.

Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better "traction" elsewhere. On Friday, Welch suggested that the Obama administration, calling them "these Chicago guys," had manipulated the monthly jobs report in order to make the economy look better than it actually is just weeks before the election. Welch has been battered by criticism since making the suggestion on Twitter.

Monday morning on MSNBC's Morning Joe, Fortune managing editor Andy Serwer said there were a number of things wrong with Welch's tweet, the biggest of which was that the economy doesn't back up the former executive's claim that the numbers were faked.

"I think it's exactly the opposite of what Jack Welch is saying," Serwer said. "Things are actually improving."

Read more: http://finance.fortune.cnn.com/2012/10/09/jack-welch-quits/

on a lighter note...

if the candidates switched hair...

"TOSS-UP" TPM Electoral Scoreboard Obama 270, Romney 206

TPM Electoral Scoreboard Obama 276, Romney 206

JOSH MARSHALL OCTOBER 9, 2012, 12:09 PM 146
TPM Electoral Scoreboard shifts to Obama 276, Romney 206. Colorado and Ohio move from Lean Obama to Toss Up. And North Carolina moves from Toss Up to Lean Romney.

Late Update: Now it’s 270 to 206 as Nevada moves from Lean Obama to Toss Up.


Math Responds To Romney

A lot of reporters and have checkers have gotten bamboozled by Mitt Romney’s ‘don’t worry I’ll make it work’ explanation of his tax plan. Now the folks who wrote the non-partisan analysis which caused all the hubbub are responding to Romney’s refusal to admit what his plan does. A few key portions …

Our conclusion was not a prediction about Governor Romney would do as President, it was an arithmetic calculation: all of the promises couldn't be met simultaneously without resorting to tax increases on households with income below $200,000.

........... it is time to take a new look at this discussion and help readers understand what is going on.


Suppose Governor Romney said that he wants to drive a car from Boston to Los Angeles in 15 hours. And suppose some analysts employed tools of arithmetic to conclude that "If Governor Romney wants to drive from Boston to LA in 15 hours, it is mathematically impossible to avoid speeding." After all, the drive from LA to Boston is about 3,000 miles, so to take only 15 hours would require an average of 200 miles per hour. Certainly other road trips are possible -- but the particular one proposed here is not.


You still can't drive cross country in 15 hours without speeding.



TREASON: Mitt & Co. look at strong jobs figures as a "setback."

With several polls showing Romney bouncing back nationally, his aides contend they are well equipped to keep the race close until Election Day. The polls show increasing Republican enthusiasm, which is driving Boston’s optimism. Romney aides hope they can then conjure that into momentum going into next week’s second debate, despite the setback of last week’s strong jobs figures, which helped Obama get off the mat.

Schumer To Dems: Abandon Simpson-Bowles Tax Model

WASHINGTON — Senator Charles E. Schumer of New York, the Senate’s third-ranking Democrat, threw cold water Tuesday on what had been an emerging consensus for a bipartisan deficit- reduction plan — an overhaul of the tax code that lowers top income tax rates but raises more revenue. Mr. Schumer’s position greatly complicates efforts to win bipartisan support for a deal before January, when the “fiscal cliff” of tax increases and automatic spending cuts goes into effect.


Mitt Romney's Foreign Policy.

Mitt Romney's Foreign Policy.

You Are Either With Us Or Against Us, And I Am Going To Expand Our Military Because You Are All Against Us, And I Will Go To War With Many Of You, If You Do Not Take Orders From Me.

yep, that about sums it up...
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