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Good News: Economy Grows. Bad News: It’s Slow.

Good News: Economy Grows. Bad News: It’s Slow.

One of the state’s economic indicators shows slow growth. The Flash Index comes from the University of Illinois every month, averaging personal income, consumer spending, and corporate earnings.

With 100 the break-even between growth and shrinkage, the index has been at 106 or near that for months. The movement over the past month has been from 106.2 to 106 even.
What should be done, and who should be doing it?

“It’s beyond the control of any one person, any one institution,” says the index’s author, Fred Giertz, an economics professor at the UI at Urbana-Champaign. “There’s always moderate improvements. Illinois has the longstanding budget deficit to deal with. There’s not going to be an immediate impact.

“The rate of growth is not very rapid, and we still have this broader problem of bringing people back into the workforce.”

 

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FILE- This is a 1967 handout image from Parlophone of The British group, The Beatles,. From left, are: Ringo Starr, John Lennon, Paul McCartney; and George Harrison. The woman who as a child was the basis for the Beatles song "Lucy in the Sky with Diamonds" is gravely ill. It was thought by many at the time that the psychedelic song from Sgt. Pepper's Lonely Heart Club Band was a paean to LSD because of the initials in the title, but it was actually based on a drawing that John Lennon's young son Julian brought home from school. He told his father the drawing was of Lucy in the sky with diamonds. Lucy Vodden, now living in Surrey just outside of London _ drifted apart after schoolyard days, but they have gotten back in touch as Lennon has tried to help Vodden cope with Lupus, a life-threatening disease.

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