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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (42390)	11/30/2000 11:20:34 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

or some air freshener...... my my look at these numbers.... should these be re counted too or taken as they are? Thursday November 30 8:47 AM ET Personal Incomes Drop 0.2 Percent in October WASHINGTON (Reuters) - Americans' incomes fell in October for the first time in nearly two years while consumer spending rose, pushing the rate of saving to its lowest level on record, the government said on Thursday. The Commerce Department said personal incomes fell 0.2 percent last month to a seasonally adjusted annual rate of $8.405 trillion, after gaining 1.1 percent in September. It was the first decline since a 0.2 percent drop in December of 1998 but reflected a slowing after a surge in government subsidies paid to farmers pushed up September incomes. Factoring out these farm payments, personal income increased 0.5 percent after gaining 0.4 percent in September, the department said. Spending, which fuels two-thirds of U.S. national economic activity, climbed 0.2 percent to $6.881 trillion following a 0.9 percent rise in September to $6.869 trillion. However, as spending outpaced income growth, the amount of after-tax income left over after spending fell to negative 0.8 percent -- the lowest rate since the Commerce Department began tracking such data in 1959. A negative saving rate implies that consumers are financing their shopping sprees by borrowing or dipping into their savings.