The default reading of "grew almost 40% in the first quarter" would be "...compared to 4th quarter of 2016", not to 1st quarter.
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Complicating factors: a) The press isn't great at distinguishing this stuff either. b) Trump's tweet was 138 characters already!
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c) NYT is being snotty with the "not clear where". It's fucking obvious.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.