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The recent jubilance among economic forecasters is enough to make even weather forecasters blush. “Just look at the bull market! Look at home prices! Look at consumer confidence!” I can understand the jubilation in the narrow sense that we’ve been down so long everything looks up. But prophecies can’t be self-fulfilling if they’re based on wishful thinking.

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George W. Bush and his father share more than a last name. Reports show that August's unemployment rate increased past the level initially forecast, rising to 6.1 percent. But even more disturbing is the fact that the misery index -- unemployment aggregated with inflation -- also soared to its highest level since 1991, when George H.W. Bush was in office.

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Officials at the Federal Reserve are running out of creative ways to stave off a recession and expect the U.S. economy to slow to a crawl in 2008, with a growth rate of only 1.3 to 2 percent over the year.

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A team of British scientists has developed a short-term, 10-year projection of the climate crisis -- that's short-term because most global-warming models work with centuries. And, yes, their findings indicate it will continue to get hotter through the next decade.

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