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Wages might be rising, but other social indicators might be doing awfully.

Ask, what kinds of economic indicators might be important in determining if an economy is in recession?

Osborne has told the Bank of England to report back to him in August on the merits of the steps taken by the US central bank and has asked what indicators might work in Britain.

They added that they worried that the use of such performance indicators might undermine a system that has been based on principles calling for uniform teaching and learning conditions throughout the country.

For Mr. Draghi's strategy to work, Mr. Matthews said, the central bank might have to be more specific about how long it will keep rates low and what indicators might cause it to begin raising rates.

Ed Balls, to whom McBride remains close and who also leans towards the "apocalypse soon" theory, didn't get the idea from nowhere; you hear something similar all over the City, a jittery feeling that things look too good to be true, that the economic indicators might somehow be out of kilter with reality, rather as the polls were in May.

This has been a taxing year in my household, with my daughters struggling to prepare for the SAT I -- not to mention the SAT II, ACT and Advanced Placement exams -- and to do well by whatever other indicators might make them worthy in the eyes of college admissions officers.

But Jeter is a little like the United States economy: some of the leading indicators might be off, but the Yankees are in first place, he is on a pace to score 124 runs and collect 200 hits, and sometime in the last month of the regular season, he should surpass 1,000 career hits, at age 26.

WASHINGTON — In the first hint that malfunctioning airspeed indicators might have played an important role in the crash of an Air France jet bound for Paris early this week, Airbus issued a warning on Thursday to all its customers to follow established procedures when pilots suspect the devices are not working right.

The Conference Board, a nonprofit research organization financed by its members, which include many Fortune 500 corporations, recently moved to address its own concerns that its consumer confidence index and index of leading economic indicators might leak into the hands of high-speed traders or other investors ahead of the general public.

This does not mean these countries can rest on their laurels, but the doing-business scores might suggest why they do a bit better than their distorted macroeconomic indicators might lead you to expect.The biggest emerging markets, on the other hand, do surprisingly badly (see chart).

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