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Tuesday, May 27, 2008
It’s the economy, stupid….
The Atlanta Journal-Constitution
Sales of new one-family houses plummeted by 42 percent last month compared to April of 2007, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
Meanwhile, consumer confidence fell to its lowest level in 16 years, according to the latest survey by the Conference Board.
“Weakening business and job conditions coupled with growing pessimism about the short-term future have further depleted consumers’ confidence in the overall state of the economy,” said Lynn Franco, director of The Conference Board Consumer Research Center.
The previous low was October 1992. The next month, Bill Clinton was elected president.
‘Play it, Sam. Play ‘As Time Goes By”
The Atlanta Journal-Constitution
Kids who were 12 years old— brand spanking new sixth-graders, right out of the box — on the morning of Sept. 11, 2001 are now heading off to fight in Iraq and Afghanistan.
Hope you had a good Memorial Day weekend.
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