Reuters - The troubled U.S. housing sector
delivered more gloomy news on the flagging economy on Tuesday,
while evidence of inflation pressures continued to lurk in the
producer pipeline.
AFP - US housing starts fell 0.6 percent in February, the government reported Tuesday in a sign of more pain for the troubled real estate market.
Reuters - U.S. Treasury Secretary Henry
Paulson on Tuesday described the economy as being in “sharp
decline,” the closest he has come yet to conceding an
election-year recession has set in.
AP - Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.
AFP - The US economy has turned down sharply, US Treasury Secretary Henry Paulson acknowledged Tuesday.
Reuters - U.S. home building projects started
in February fell by 0.6 percent to a higher-than-expected
annual rate while building permit activity, a sign of future
construction plans, dropped off 7.8 percent, a government
report on Tuesday showed.
Reuters - U.S. Treasury Secretary Henry
Paulson said on Tuesday the U.S. economy had turned down
sharply but declined to label the situation a recession.
Reuters - Turmoil on Wall Street is pushing
financial professionals to the therapist’s couch, scaring them
off power lunches and testing the mettle of small investors
caught in the vortex.
Reuters - More than three in four Americans
think the United States is in a recession according to a USA
Today/Gallup Poll released on Tuesday.
Reuters - With her hand on her cheek,
the 68-year-old woman gazes patiently at the cars racing past
her, hoping someone will stop and buy the firewood at her feet
so that she can feed her three grandchildren.