GOOD DAY FOR: Massachusetts, after a new study found the Bay State the most likely to see strong growth at the end of this economic turmoil. The Information Technology & Innovation Foundation put Massachusetts at the top of its New Economy Index, which measures indicators such as entrepreneurship and innovation. (CNNMoney.com)
BAD DAY FOR: Being in debt, as consumer prices fell 1 percent in October, the biggest drop since the government started recording them in 1947. The drop in fuel costs was a big factor, but even “core” prices—excluding energy and food—dropped for the first time since 1982. Deflation will complicate the Federal Reserve’s efforts to temper the recession, making debts harder to pay off and offsetting the effects of the Fed’s rate cuts. (Bloomberg)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Will California's EV mandate survive Trump, SCOTUS challenge?Today's Big Question The Golden State's climate goal faces big obstacles
-
'Underneath the noise, however, there’s an existential crisis'Instant Opinion Opinion, comment and editorials of the day
-
2024: the year of distrust in scienceIn the Spotlight Science and politics do not seem to mix
