A year ago, MarketWatch economist Irwin Kellner proposed an unconventional idea to jump-start the U.S. economy, and it was scoffed at and largely ignored by Washington and Wall Street. Too bad, because if it was used, perhaps the U.S. unemployment rate would be half what it is today.
It's official. When it comes to holiday shopping, we're a nation of procrastinators. Official tallies of holiday sales show the week of Christmas was golden for retailers, with sales rising over last year's numbers. More important, perhaps, Christmas-week activity represented the third consecutive week of rising sales.