How could one best sum up President Barack Obama’s performance in his first year as president? A strong start down the long road to economic recovery and national well-being. Continue reading President Obama’s First Year: Progress, But a Long Journey Remains President Obama’s First Year: Progress, But a Long Journey Remains originally appeared on DailyFinance on Sun, 27 Dec 2009 13:00:00. Filed Under: Columns , Economy Permalink | Tweet this! | Comments

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President Obama’s First Year: Progress, But a Long Journey Remains

Filed under: Economy Is the United States headed for a “new normal” — a slow-growth economy that lasts perhaps for as long as a decade? The evidence supporting the “new normal” argument, predicting a future in which the U.S. GDP grows at no more than 2.0% to 2.5% per year, is compelling. That low growth rate would constrain corporate revenue and earnings growth, and stock prices, among other consequences. The U.S. has already registered below-trend GDP growth at this recovery’s start – just 3.5% in Q3, as opposed to the more than 6% GDP growth typically registered in an expansion’s initial stage. Here’s why the slow-growth conditions might continue: Continue reading Seven reasons to expect a slow-growth U.S. economy ahead Seven reasons to expect a slow-growth U.S. economy ahead originally appeared on DailyFinance on Sun, 22 Nov 2009 15:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Seven reasons to expect a slow-growth U.S. economy ahead

Filed under: Company News , Technology , Columns , Economy , People , Investing , Earnings , Media This summer, for the first time in five years, I used Priceline.com ( PCLN ) to book a hotel room and rental car. Turns out, I am part of a trend. The online travel agency saw an increase in bookings over the summer. Now it forecasts sales in the current quarter rising 28 percent from last year’s fourth quarter. The stock closed 18 percent higher Tuesday, rising $30.49 to $202.22, the highest close in nine years . Count Priceline .com among the Internet companies that rallied in 2009. In the past year, Priceline has outperformed Amazon.com ( AMZN ) shares, which are up 168 percent and shares of Google ( GOOG ), which has gained 78 percent in the past 12 months. I decided to find out what’s going on at the company, which is known for its business model of letting customers name their price for travel services and then seeing what they get at the price. Continue reading Massucci’s Take: Priceline’s stock travels skyward on strong summer season Massucci’s Take: Priceline’s stock travels skyward on strong summer season originally appeared on DailyFinance on Wed, 11 Nov 2009 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Massucci’s Take: Priceline’s stock travels skyward on strong summer season