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Despite projections of the slowest annual growth of retail holiday sales since 2002, the U.S. trucking industry, which hauls nearly every item that Santa Claus does not, expects to benefit this year as consumers continue to give more gift cards. ...more
October 23, 2007
The global economy should grow soundly this year and next, but the persistence of a credit crunch that has unnerved financial markets worldwide could throw a wrench in the works. ...more
October 18, 2007
Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy. ...more
October 17, 2007
A deepening housing slump probably will be a 'significant drag' on economic growth into next year and it will take time for Wall Street to fully recover from a painful credit crisis, Federal Reserve Chairman Ben Bernanke warned Monday. ...more
October 16, 2007
Florida's budget could shrink by about $1.1 billion and college students may pay higher tuition because of legislation passed Friday in response to a shortfall in tax revenue blamed mainly on a housing slump. ...more
October 13, 2007
St. Joe Co., Florida's largest private landowner afflicted by the worst housing slump in 16 years, plans to eliminate more than 75 percent of its work force, sell about 100,000 acres and scrap its dividend. ...more
October 9, 2007
Fears that the country could slide into a recession eased in September as employers created the most jobs in four months and workers' wages grew solidly. The unemployment rate crept up to 4.7 percent, the highest in more than a year but still low by historical standards. ...more
October 6, 2007
New-home sales tumbled in August to the lowest level in seven years, a stark sign that the credit crunch is aggravating the painful housing slump. ...more
September 28, 2007
Florida's foreclosure activity jumped 77 percent in August, compared with July, boosting its foreclosure rate to the third highest among all states. It was even worse in Tampa Bay, where foreclosure filings more than doubled. Both are further signs that homeowners are having trouble paying their mortgages and selling their homes amid a national housing slump. ...more
September 19, 2007
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