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A gentle tailwind

from The Economist

On April 4, President Barack Obama announced that he would seek a second term in 2012. The timing was auspicious. Three days earlier the job market, a key determinant of his re-election chances, took a turn for the better. On that day, the government reported that non-farm payrolls rose a hefty 216,000, or 0.2 percent, in March, led by manufacturers, hotels, restaurants and temporary staffing agencies. more

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