First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

A South African Hero: You

There’s a 99.7% chance that this isn’t for you. Only 0.3% of our readers have responded to this call for action.

Those 0.3% of our readers are our hidden heroes, who are fuelling our work and impacting the lives of every South African in doing so. They’re the people who contribute to keep Daily Maverick free for all, including you.

We need so many more of our readers to join them. The equation is quite simple: the more members we have, the more reporting and investigations we can do, and the greater the impact on the country. We are inundated with tip-offs; we know where to look and what to do with the information when we have it – we just need the means to help us keep doing this work.

Be part of that 0.3%. Be a Maverick. Be a Maverick Insider.

Support Daily Maverick→
Payment options

Three reports buoy hopes of real economic recovery in U...

Defend Truth

Three reports buoy hopes of real economic recovery in US

Three unexpectedly good economic reports have raised hopes the recovery is finally building momentum. However, the US’s highest unemployment level of 10%, tight lending and conservative spending by consumers still give cause for concerns that the economic gains may not be sustainable once the stimulus programmes wind up.  The first report by the Institute for Supply Management gauged manufacturing activity in October finding it grew at the fastest pace in more than three years as businesses replenished stockpiles and dealt with a growing demand for exports. The second, the overall economic report, as measured by GDP, showed expansion of 3.5% in the July-September quarter. However, analysts say this growth may drop to about 1.7% in this quarter and stay at that level through mid-2010. In the third report the National Association of Realtors said the volume of signed contracts to buy previously owned houses grew 6.1% in September, the highest level since December 2006 and 21% higher than last year. Maybe the sky is not falling after all. Read more: AP

Gallery

Please peer review 3 community comments before your comment can be posted