08.12.2009 5:00 pm
What does the Bird say about the latest economic news?
St. Louis Post-Dispatch
Nearly two years ago, the Federal Reserve began the biggest financial rescue in American history. Yesterday, the Fed announced after a two-day meeting that the economy was pulling out of its downward spiral. With that move toward normalcy, the central bank announced a step back toward its regular policy. No economic victory was declared, but policy makers handed down their most optimistic assessment in more than a year, noting signs of stabilization in household spending, financial markets and inventory building by corporations.
Loading …
That good news is tempered, however. In the St. Louis area, the housing market is still in the doldrums. Though the slump eased in the second quarter, the median home price still fell about 10 percent from the same period last year, the third straight quarter of double-digit declines
Loading …
Ron is in charge of the main news sections of the Sunday Post-Dispatch and supervises newsroom production of the daily paper several nights a week. He has worked at newspapers since 1976 as a reporter, copy editor, layout editor, deputy sports editor and news editor. He has been at the Post-Dispatch since 2006. 
I have been out of work for over a year and a half. All I want is a chance but people who have been recently laid off are getting the jobs over us that have not worked in a while. To me, the economy sucks and doesn’t look very bright at all. I sure hope it turns around soon.