News

Flash Index Maintains Its Pace

Flash Index Maintains Its Pace

Illinois’ economy is in the slow lane, says the author of the University of Illinois Flash Index.

The measure of economic growth – or contraction – is a weighted average of personal income, corporate earnings, and consumer spending, with 100 the break-even mark between growth and contraction.

The Flash Index for June is at 106, down from 106.2 in May. It’s been stuck between 106 and 107.2 for the past year, says economics professor Fred Giertz.

“I think it’s partially an aftermath of the winter,” says Giertz. He also points to the second revision of the GDP, showing an unexpected decline in the nation’s economy in the first quarter.

As for which gubernatorial candidate would make Illinois’ economy better, “it is hard to argue that what is going on in the state has some bad effect … but people have to decide for themselves which of the candidates will bring us back. And, clearly, it’s not an easy task; if it were, we would already be improving.”

 

Recent Headlines

in Entertainment

Countdown: Supporting characters that need their own movie

Fresh
From left: Jon Gries (Uncle Rico), Jon Heder (Napoleon Dynamite) and Aaron Ruell (Kip) in "Napoleon Dynamite," a comedy about a quirky teenager growing up in the remotes of Idaho, trying to understand his life.

Which of these supporting characters should have their own movies?

in Music

Nicki Minaj gets animated for children’s cartoon

Fresh
nickiminaj

The rapper is guest starring in an upcoming episode of "Steven Universe."

in Entertainment

Zach Braff: Not dating Taylor Swift

zachbraff

The "Scrubs" star says he isn't dating the "Love Story" hitmaker.

in Entertainment

You can watch every episode of ‘The Simpsons’ in epic marathon

simpsons

A Web site and app features on-demand access to all 500 episodes and let users search through the life stories of the characters.

in Music

Ray J faces string of charges after hotel rampage

rayj

The singer faces sexual battery, resisting arrest, assault and vandalism charges.