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Politics : High Tolerance Plasticity

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To: The Ox who wrote (34)2/21/2001 9:03:06 AM
From: The Ox   of 23153
 
CPI jumps 0.6 percent in Jan
--8:36am - By Maggie McNeil
Record natural gas bills pushed the consumer price index to its biggest gain in nearly a year in January, the Labor
Department said Wednesday. The CPI rose 0.6 percent, ahead of the 0.4 percent expected by Wall Street. After
subtracting food and energy prices, however, the core rate of inflation was an expected 0.3 percent. The big story
in the CPI was natural gas, which soared a record 17.4 percent.

December trade gap narrows
--8:30am - By Rachel Koning
Both U.S. exports and imports shrunk in tandem with a slowing domestic economy in December, bringing the
trade gap to its narrowest mark in four months, government figures showed on Wednesday. The balance in goods
and services trade was a $32.99 billion deficit, the Commerce Department reported, slightly above the $32.1 billion
shortfall expected in a survey of economists by CBS.MarketWatch.com. The trade deficit in November was a
wider $33.1 billion, according to revised figures also issued on Wednesday. For all of 2000, the United States put
a record trade deficit of $370 billion on its books compared to the $265 billion shortfall in 1999. The trade gap in
December was at its narrowest point since August as less-jubilant consumers reined in spending and factories
slowed production to pare down inventories.
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