U.S. Retail Sales Jump 7.8 Percent Over Past Year

Despite blizzard-like conditions for much of the country, January retail sales increased for the seventh month in a row, suggesting continued confidence in the economy. However, the increase was the smallest since last summer. January retail sales rose to $381.6 billion, representing a 0.3 percent increase over December and a 7.8 percent jump over January 2010, according to the U.S. Commerce Department.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work