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U.S. income up, spending falling

WASHINGTON, Sept. 29 (UPI) -- U.S. personal income increased 0.3 percent in August, as had been forecast, but spending was weaker last month than expected.

Outlook: U.S. economy robust

COLLEGE PARK, Md., Sept. 22 (UPI) -- A former U.S. international trade economist says the U.S. economic outlook appears to be quite robust, despite recent negative signals.

PPI news foreshadows 'soft landing'

COLLEGE PARK, Md., Sept. 19 (UPI) -- News of August producer price weakening is strengthening analysts' hopes that the U.S. economy may avoid both inflation and recession.

U.S. trade deficit jumps in 2Q

WASHINGTON, Sept. 18 (UPI) -- The U.S. second-quarter current account deficit rose sharply to $218.4 billion, up from $213.2 billion in the first quarter.

Economist sees stock market rally

COLLEGE PARK, Md., Sept. 15 (UPI) -- A University of Maryland economist said Friday that the likelihood of a rally on Wall Street is growing stronger.

U.S. retail sales up modestly

WASHINGTON, Sept. 14 (UPI) -- U.S. retail and food services sales for August rose 0.2 percent to $368.2 billion, the Commerce Department reported Thursday.

U.S. Q1 GDP just 3.1 percent

WASHINGTON, April 28 (UPI) -- The U.S. gross domestic product grew just 3.1 percent in the first quarter of 2005, the slowest growth in two years and below expectations.

Weak dollar not improving U.S. trade

WASHINGTON, March 11 (UPI) -- There may be some signs that a weaker dollar is helping the U.S. economy, as the country's trade deficit with the rest of the world fell from its highs late las
SHIHOKO GOTO, UPI Senior Business Correspondent

Job market remains patchy

WASHINGTON, March 4 (UPI) -- After months of lackluster growth, it appears that the U.S. job market is finally improving, at least at first blush. But it's still too early to declare that t
SHIHOKO GOTO, UPI Senior Business Correspondent

Even a weak dollar can't stop the deficit

WASHINGTON, Jan. 13 (UPI) -- The White House continues to focus on the Middle East when it comes to foreign policy issues, but it may be wise for the Bush administration to pay more attenti
SHIHOKO GOTO, UPI Senior Business Correspondent

U.S. again calls for China to float yuan

WASHINGTON, Dec. 7 (UPI) -- The National Association of Manufacturers stepped up Tuesday its calls to get China to float its currency.

Analysis: Job market not as strong as hoped

WASHINGTON, Dec. 3 (UPI) -- Disappointingly few jobs were created in November, but the Bush administration remained upbeat about the U.S. labor market. The Bureau of Labor Statistics reported early Friday that only 112,000 jobs were created last month, far below the Wall Street c
SHIHOKO GOTO, UPI Senior Business Correspondent

U.S. GDP holds up, but worries linger

WASHINGTON, Oct. 29 (UPI) -- Economic growth in the third quarter wasn't as robust as it earlier in the year, but that hasn't stopped the Bush administration from arguing that the U.S. econ
SHIHOKO GOTO, UPI Senior Business Correspondent

Slicing deficit numbers in extremes

WASHINGTON, Sept. 14 (UPI) -- The U.S. current account deficit continues to widen, but while the data is alarming for some, for others, it remains a testimony to the attractiveness of U.S. a
SHIHOKO GOTO, UPI Senior Business Correspondent

More jobs to be had, but still not enough

WASHINGTON, Sept. 3 (UPI) -- The Bush administration should be delighted that the job market picked up in August, as voters continue to fret about jobs ahead of the Nov. 2 presidential elec
SHIHOKO GOTO, UPI Senior Business Correspondent
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Wiki

Peter Morici is an Economist and Professor at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974.

From 1974 to 1976, he taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration In 1978 he moved to the National Planning Association in Washington where he was elected a Vice President in 1983. He joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993. He served as chief economist at the U.S. International Trade Commission.

Morici is the author of 18 books., and has recently signed up to be a pitchman for Kyocera.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Peter Morici."
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