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Mommy, Mommy When I Grow Up I Want to Be A Federal Worker by Scott Redler Things were sure different when I was growing up. My parents taught me the value of a strong work ethic because that was how you got ahead in life. I shoveled snow off neighborhood driveways starting at age 10, and by the time I hit 13 I was busing tables at a local restaurant where, at 16, I became a waiter. In high school I hit the books hard with dreams of going to college and becoming a doctor, lawyer or fortune 500 CEO....

The German economy grew by 2.2% in the three months to the end of June, its fastest quarterly growth in more than 20 years, official figures show. "Such quarter-on-quarter growth has never been recorded before in reunified Germany," the national statistics office, Destatis, said. The main reason for the higher-than-expected growth was strong exports, helped by a weaker euro. The eurozone economy grew by 1% during the quarter This compares with growth of 0.2% in the first three months of the year, the area's official statistics agency, Eurostat, said. The French economy grew by 0.6% in the second quarter, also...

NEW YORK (Dow Jones)--U.S. stock futures fell Friday after data showed the U.S. economy slowed in the second quarter and the government said the recession was deeper than earlier believed, adding to concerns over the recovery's strength. Dow Jones Industrial Average futures were recently off 70 points at 10339, while Standard & Poor's 500 futures dropped 8 points to 1089 and Nasdaq Composite futures declined 15 points to 1842. Prior to the data, Dow futures had been off 42 points, S&P 500 futures were down 5 points and Nasdaq futures were off 9 points. Changes in stock futures do not...

Wanna See A Bullish Forecast For The US? Check THIS Out Vincent Fernando, CFA Jul. 28, 2010, 11:36 AM The Milken Institute just released their latest U.S. economic outlook and it's shockingly more bullish than most forecasters, even at the brokers. The think tank expects U.S. GDP to grow to exceed 3% not just this year, but in 2011 and 2012 as well. More importantly, they expect substantial employment growth, and this is an integral part of their analysis. Milken Institute: Despite the formidable obstacles in its path, the U.S. economy remains flexible and resilient—and right now, it has more...

Productivity growth is strong, monetary policy is easy, inventories are thin and corporate profits are growing. There have been three distinct, and very diverse, sets of economic forecasts circulating in the past year. First, the end of the world forecast--call it, Depression II. Second, the "new normal" forecast of weak and anemic growth. And third, our expectation of a V-shaped recovery and relatively strong 4% real gross domestic product growth. With GDP scheduled for release next week, our estimate for annualized second- quarter real GDP growth is 3.5%. This is a significant reduction from our 5.5% forecast (made back in...