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« The Wages of Sodomy: Abu Ghraib Prison Abuse Leads to Increase in Deviant Sex Among Washington Bloggers | Main | Californians, Jaded by Abu Ghraib Prison Scandal, Fall in Line Behind Serial Groper »
May 27, 2004

Abu Ghraib Prison Scandal Sends Economy Into Tailspin
By the way, the GDP grew 4.4% in the first quarter

1Q GDP growth revised up to 4.4%.

WASHINGTON (AP) - The economy grew at a 4.4 percent annual rate in the first quarter of this year, slightly faster than previously thought and fresh evidence that the recovery possessed good momentum as it headed into the current quarter.

The increase in gross domestic product from January through March reported by the Commerce Department on Thursday marked an improvement from both the 4.2 percent pace first estimated for the quarter a month ago and the 4.1 percent growth rate registered in the final quarter of 2003.

The GDP measures the value of all goods and services produced within the United States. While the latest reading was just shy of the 4.5 percent pace that some analysts were forecasting, it nevertheless represented a solid performance.

It may be revised again. I'm still looking for 4.5% or 4.6%.

Separately, the Labor Department reported that new applications for unemployment benefits dropped last week by a seasonally adjusted 3,000 to 344,000, another hopeful sign for a labor market recovery.

...

Although consumers and the federal government did their part to support the economy in the first quarter, the better reading on GDP for the period in large part reflected stronger investment by businesses to build up inventories, a good sign that companies are more confident about the economy's prospects.

From April to June, the economy is expected to grow at a rate in the range of 4.5 percent to 5 percent, according to some analysts.

...

The country has lost a net 1.5 million jobs since Bush took office in January 2001, something Kerry points to as evidence that the president's economic policies aren't working. But Bush says they are, and that the best way to create jobs is to make the economy stronger.

Hmmm. Finally someone in the media revised that "2.3 million lost jobs" figure downwards. I think we've only lost a net of 1 million jobs, though. 2.3 million minus 1.3 million equals 1 million.

Moderate Cowbell:


posted by Ace at 01:29 PM
Comments



I know that the media largely goes out of its way to make Bush look as bad as possible, but why haven't more people caught on to the idea that the loss of jobs in Bush's first year could in no way be his fault? I mean c'mon! Recession + 9/11? We're lucky we didn't go into a Depression. All the losses can be laid at the feet of the bubble bursting + 9/11! Argh!!

Posted by: Brock on May 27, 2004 01:35 PM

Holy crap, is that a 8%+ growth rate i see in the 3rd quarter of 2003?!?

Posted by: madne0 on May 27, 2004 04:45 PM

You're such a geek with your fixation on GDP numbers.

You also have it precisely backwards: The numbers will not sway voters. They don't care about numbers. What they care about is their personal economic prospects, and that's what may influence their voting.

But nothing the New York Times writes or hides about numbers will influence the election. It may be journalists think so, but that doesn't make it so. So, relax about the numbers, and how they're reported. The numbers are -- to use a geeky expression -- lagging indicators of voter sentiment, and not always very reliable at that.

Posted by: stostosto on May 28, 2004 04:26 AM

akduwcosa riux.

Posted by: Rose on December 29, 2004 03:49 PM
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You know we "joke" about the GOPe just "conserving" leftist things?
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Populists ask what conservativism has ever conserved?
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In more marketing for Project Hail Mary, scientists say they've found the biosigns indicating life growing on an alien planet. It's not proof, just signatures of chemicals that are produced by biological metabolism, and it could be nothing, but scientists think it's a strong sign that this planet is inhabited by something.
In a paper published in the Astrophysical Journal Letters, a team of scientists announced the detection of dimethyl sulfide (along with a similar detection of dimethyl disulfide) in the atmosphere of an exoplanet called K2-18b. This is actually the second detection of dimethyl sulfide made on this planet, following a tentative detection in 2023.
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Artemis moon shot a go, scheduled for 6:24 Eastern time tonight
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What? Skeleton of the most famous Musketeer, D'Artagnan, possibly discovered in Dutch church closet.
Dumas picked four names of real musketeers out of a history book, D'Artagnan, Athos, Aramis, and Porthos. So there was an actual D'Artagnan, though he made most of the story up. (Or, you know, all of it.)*
Charles de Batz de Castelmore, known as d'Artagnan, the famous musketeer of Kings Louis XIII and Louis XIV, spent his life in the service of the French crown.
The Gascon nobleman inspired Alexandre Dumas's hero in "The Three Musketeers" in the 19th century, a character now known worldwide thanks to the novel and numerous film adaptations.
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A lot of Dumas's stories are based on bits of real history. The plot of the >Three Musketeers, about trying to recover lost diamonds from the queen's necklace, was cribbed from the then-almost-contemporaneous Affair of the Queen's Necklace. And the Man in the Iron Mask is based on real accounts of a prisoner forced to wear a mask (though I think it was a velvet mask).
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Easy, no question -- read The Hobbit first. It's actually the start of the story and comes first chronologically. It sets up some major characters and major pieces in play in LOTR.
Also, the Hobbit is Beginner-Friendly, which LOTR isn't. The Hobbit really is a delightful book, and a fast read. It's chatty, it's casual, it's exciting, and it's funny. In that dry cheeky British humor way. I love that the narrator is constantly making little asides and commentary, like he's just sitting next to you telling you this story as it occurs to him.
LOTR is a very long story. Fifteen hundred pages or so. The Hobbit is relatively short and very punchy and easy to read. If you don't like The Hobbit, you can skip out on LOTR. If you do like it, you'll be primed to read LOTR.
Oh, I should say: The Hobbit is written as if it's for children, but one of those smart children's stories that are also for adults. Don't worry, there's also real fighting and violence and horror in it, too.
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"But who knows how Gollum had come by that present [the Ring], ages ago in the old days when such rings were still at large in the world? Perhaps even the Master who ruled them could not have said."
In another passage, the ring is identified as a "ring of power."
I don't know, I always thought there was a distinction between mere magic rings and the Rings of Power created by Sauron. But this suggests that Bilbo knew this was a ring of power created by Sauron.
Now I don't remember when Bilbo wrote the Hobbit. In the movie, he shows Frodo the book in Rivendell, and I guess he wrote it after he left the Shire. I guess he might have added in the part about the ring being a ring of power created by "the Master" after Gandalf appraised him of his research into the ring.
I never noticed this before. I know Tolkien re-wrote this chapter while he was writing LOTR to make the ring important from the start. And also to make Gollum more sinister and evil, and also to remove the part where Gollum actually offers Bilbo the ring as a "present" -- Bilbo had already found it on his own, but Gollum was wiling to give it away, which obviously is not something the rewritten Gollum would ever do.
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