Retail Sales Stayed Strong During the Holiday Season
Looking for news you can trust?Subscribe to our free newsletters. The Wall Street Journal reports that holiday retail sales were up: Fueled by high consumer confidence and a robust job market, U.S. retail sales in the holiday period rose at their best pace since 2011, according to Mastercard SpendingPulse, which tracks both online and in-store…
Don’t Buy the Spin: Trump’s Accomplishments Have Actually Been Pretty Modest So Far
Looking for news you can trust?Subscribe to our free newsletters. Jonah Goldberg: Contrary to what many predicted, President Trump’s end-of-year accomplishment list isn’t that skimpy. That’s an analytical observation. For many, particularly liberals and Democrats, Trump’s first year hasn’t been merely bad. It’s a great evil, a grievous wound to the American body politic. But…
Why Does the “Extraordinary Black Turnout” Meme in Alabama Stay Alive?
Bill Clark/Congressional Quarterly/Newscom via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Over the weekend, the New York Times wrote yet again that “extraordinary turnout among black voters” pushed Doug Jones to victory over Roy Moore in the recent race for Alabama’s open Senate seat: That turnout, in which registered black voters…
Christmas Eve in Southern California
We need to raise $350,000 from readers like you by December 31. But there’s more to say than we can squeeze in here, so if you’re not ready to join us with a tax-deductible, year-end gift, please read why this moment feels so critical for the survival of investigative journalism. Mother Jones is a Nonprofit,…
Your Periodic Reminder About the Republican Corporate Tax Cut of 2017
Tom Williams/Congressional Quarterly/Newscom via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Under the new Republican tax law, big corporations will get a permanent tax cut of 14 percentage points. You will get a tax cut of about 1 percentage point—until it expires, that is, at which point your taxes will be…
Raw Data: The S&P 500 Price-Earnings Ratio
Looking for news you can trust?Subscribe to our free newsletters. Here’s the price-earnings ratio for the S&P 500 since World War II. Right now it’s hovering a little above 25. In the past three decades, it has never reached that point without leading quickly to either a deep correction or a full-blown recession.¹ Of course,…