Category Archives: Economy

Humorist Garrison Keillor once wrote, “I believe in looking reality straight in the eye and denying it.” For some reason, a number of politicians in Washington have taken this to heart and have decided this is the best way to govern. It’s the only way to explain why those same politicians consistently try to redefine […]

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A recent Federal Reserve report shows that household finances have regained substantial ground since the Great Recession, driven largely by the run-up in home values and surge in stocks. These positive forces have contributed to the highest level of wealth in our history – the net worth of U.S. households and nonprofits reached $80.7 trillion […]

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For meteorologists, scientists, weathermen like Jim Cantore and millions of others, this winter has been absolutely dreadful. And, although spring is on the horizon, much of the country is still covered in snow. In fact, the nation’s 21st winter storm – Ulysses – just wrapped up this past weekend in North Carolina and southwest Virginia. […]

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The nation’s leading economic thought-leaders were in Virginia this week for the 30th annual Economic Policy Conference held by the National Association for Business Economics. Attendees heard from top economic policymakers and regulators including former Federal Reserve Chairman Alan Greenspan, former Treasury Secretary Larry Summers, White House Council of Economic Advisers Chairman Jason Furman and […]

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2013 was a challenging year for retailers that concluded with one of the most interesting holiday seasons on record. Looking ahead in 2014, the economic outlook is strengthening and the moderate growth seen during the second half of 2013 should provide greater confidence as we move further into the New Year. NRF expects retail industry […]

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President Obama covered a wide range of issues with implications for retailers in his annual State of the Union address Tuesday night, calling for a controversial minimum wage increase but also promising action on tax reform, immigration, trade, infrastructure and other issues as he outlined steps to boost the economy, create jobs and yield “opportunity […]

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While it seems like Washington was stuck in gridlock for much of 2013, NRF made significant headways – both on Capitol Hill and in the Courts. Here’s a quick rundown of five major actions that impacted retailers this year: The Senate passed sales tax fairness legislation. On May 6, 2013 the Senate voted in favor […]

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Economists use a variety of indicators and resources to measure the economy, be it retail sales, consumer surveys or employment data. While these tools help create a foundation for understanding the overall state of the economy they do not always paint a very clear or complete picture of consumer spending or behavior. Take the past […]

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Dozens of retailers responded to consumer demand by opening stores earlier than ever on Thanksgiving night, including Macy’s, Toys “R” Us, Walmart and Best Buy, to name a few. When asked about the fact that they opened on Thanksgiving for the first time ever, Macy’s President and CEO Terry Lundgren – who admitted to having only […]

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All of our veterans in this country leave the military with hard-won valor and battle-tested skills, yet sadly tens of thousands still struggle to parlay these virtues into gainful civilian, private sector employment. The reasons vary, but the effects are stark: Ten percent of all post-2001 veterans remain unemployed, compared with only 6.8 percent unemployment […]

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