US consumer confidence rebounded in December after falling the previous month, though Americans remained dubious in their outlook for 2015, the Conference Board reported Tuesday.
The consumer confidence index rose to 92.6 from 88.7 in November, still shy of the year’s peak at 94.5 in October, but well up from 77.5 a year ago.
Consumers views of the current situation in the economy were fairly strong, but the outlook for the next half year dimmed, with the expectations sub-index dropping to 88.5 from 89.3.
There was little change in assessments of the jobs market, with only 17 percent of survey respondents calling jobs “plentiful.” Nearly the same proportion expects a gain in wages.
Consumer spending plans for the next half-year were slightly lower, especially for big-ticket items like homes and cars.
“Consumers were moderately less optimistic about the short-term outlook in December, but even so, they are more confident at year-end than they were at the beginning of the year,” said Lynn Franco, Conference Board director of indicators.
Rep. Ilhan Omar asks judge to ‘show compassion’ for man who threatened to put bullet in her head
After a man accused of threatening her life pled guilty to the crime in a U.S. District Court, Rep. Ilhan Omar on Tuesday released publicly a letter she wrote asking the federal judge presiding over the case to "show compassion" in his sentencing.
Patrick W. Carlineo Jr., a 55-year-old man from upstate New York, pled guilty on Monday on gun charges and for threatening to murder Omar in phone calls he made to her congressional office in March of this year. But in her letter to Judge Frank P. Geraci Jr., Omar said that while the charges were quite serious she did not think that an overly punitive sentence was the answer.
Why saying ‘OK boomer’ at work is considered age discrimination – but millennial put-downs aren’t
The phrase “OK boomer” has become a catch-all put-down that Generation Zers and young millennials have been using to dismiss retrograde arguments made by baby boomers, the generation of Americans who are currently 55 to 73 years old.
Though it originated online and primarily is fueling memes, Twitter feuds and a flurry of commentary, it has begun migrating to real life. Earlier this month, a New Zealand lawmaker lobbed the insult at an older legislator who had dismissed her argument about climate change.
Academic experts analyze Johnson and Corbyn’s claims in first 2019 UK election debate
Boris Johnson, the UK prime minister, and Jeremy Corbyn, leader of the Labour Party, have answered questions from the public in a head-to-head debate as they prepare for the country’s general election on December 12.
A court ruling earlier in the day upheld ITV’s decision not to offer podiums to either the SNP or the Liberal Democrats. On stage, though, Johnson and Corbyn appeared strangely dwarfed in front of a set that appeared borrowed from Blade Runner.
The two candidates levelled numerous accusations at each other during their hour on stage – but which are to be believed? Conversation articles by academic experts provide informed perspectives, grounded in research. Here’s what they’ve had to say on the issues that arose.