Guest Post By Keshav Pai B. from http://www.moneyguider.com
The large drop in the jobless claims number supports the notion that the recession is over. Every other major recession has seen its end marked by a large drop in the jobless claims figures. So while Q2 will likely be a small negative figure for GDP, I think the odds have gone up that it will be the last negative quarter of GDP for this recession.
Enough civilian body parts to fill two tractor-trailers remained after an incident in Farah province of Afghanistan Monday, according to the NY Times today. Afghan civilians blame US airstrikes for 100+ civilian dead; the United States is investigating the possibility that the Taliban executed the civilians with grenades in order to blame US forces.
