1114 - The bad economy

I know I know, jobs are hard to find. But there are some indicators that things are turning around. The right wingnuts will say this doesn't mean anything so they can continue on their self pity downer they are flying high on. Well tea bag on this downers....

From the Wall Street Journal -

"Demand for these new products has been incredible," said Paul Otellini, Intel's chief executive officer, during a conference call with analysts, adding that Intel is seeing signs of corporate technology spending improving.

Intel's profit surges as revenue jumps 44%. MarketWatch's Dan Gallagher tells Stacey Delo what's behind the chip maker's strong earnings report. Intel's quarterly profit nearly quadrupled, while revenue rose 44%—both well above analysts' projections and the prediction Intel made in January. Intel shares, which hit a 52-week high Tuesday, gained 3.8% in late trading to $23.63.

Intel said it plans to hire 1,000 to 2,000 new workers, its first substantial hiring in five years. The company also issued a rosy forecast for business in the current period, typically the industry's weakest season.

"This is a strong indication for all of technology as we move through earnings season," Edward Jones analyst Bill Kreher said. "Expect strong numbers out of PC makers as well."

And then I found this ...

Senate Republicans unveiled a fresh attack yesterday against a regulatory revamping of the US banking industry, contending that Democrats’ proposals to curb the reckless practices that contributed to the 2008 economic meltdown would create a “perpetual taxpayer bailout of Wall Street banks."

WHAT! The wingnuts that caused the crash don't want regulation because it will bail out their friends that caused the problem. WHAT!