U.S. ECONOMY Signs that the business cycle may have reached its trough strengthened as inventories were again reduced in the second quarter at a yearly pace, estimated by JP Morgan, of $162 billion. After 10 consecutive months of decline, replacement demand alone can be expected to support manufacturing activity ahead. Just as importantly, U.S. worker…
May 2, 2009 U.S. ECONOMY Recent economic indicators have been coming in at better than expected levels over the past month. After falling at a 4% rate since the summer of 2008, consumer spending is expected to rise slightly in the first quarter of 2009. The University of Michigan Consumer Sentiment Index is expected to climb again in…
April 21, 2009 Thomas E. Dillon, Ph.D., president of the only four-year, fully integrated Catholic Great Books program in the nation, Thomas Aquinas College in Santa Paula, Calif., was killed Wednesday, April 15, in a solo car crash while driving with his wife, Terri, in Ireland, en route to the International Council of Universities of St. Thomas…