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October 5, 2011

And now for the good economic news

If you're tired of reading about Greece and Italy, Jeff Thredgold tries to look on the bright side. Today he offers several dozen happy headlines concerning the United States and its economy. A sampling:

•Total U.S. retirement assets rose to $17.5 trillion in 2010, the most since the end of 2007 •During the early 1960s, the five-year survival rate from cancer for Americans was one in three. Today it is two in three…continuing to climb…and the highest in the world •The U.S. accounted for 34% of the funds spent globally on research & development (R&D) during 2010 •The country’s net petroleum imports peaked at 60.3% in 2005 and dropped to 49.3% in 2010. Within a year, North Dakota is expected to supply more oil for domestic use than the 1.1 million barrels a day that Saudi Arabia now exports to theU.S. •The number of violent crimes fell by a surprisingly large 12% last year versus the prior year •Roughly 80% of companies that suspended or reduced their 401(k) matches during the past 2-3 years reinstated them in 2010 or 2011
Posted by Jay Hancock at 10:25 AM | | Comments (1)
Categories: The Great Recession
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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