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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: ColtonGang who wrote (153015)	6/13/2001 7:45:54 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 769667

The air is fine. The liberals are filthy...

To: ColtonGang who wrote (153015)	6/13/2001 7:49:08 PM
From: ColtonGang	Read Replies (2) \| Respond to of 769667

ECONOMY UPDATE...........Economic Growth Stagnates By John M. Berry Washington Post Staff Writer Wednesday, June 13, 2001; 4:40 PM During the past two months, the U.S. economy was barely growing with weakness reported in virtually every part of the economy except drilling for oil and gas, according to the Federal Reserve's latest survey of nationwide economic conditions. "Economic activity was little changed or decelerating," said the summary of the survey released today. It then ticked off the sectors one by one: Retail sales and tourism have been slow to flat across the nation. Most of the 13 Federal Reserve bank districts report that manufacturing has declined or remained weak. Commercial real estate markets have softened. New construction, while still at high levels in a number of districts, appears to have leveled off. The agricultural sector has been hurt by adverse growing conditions and higher costs. Mining activity is stagnant. Given all that, layoffs have increased and previously tight labor markets "continue to ease in all districts" while wage and price increases remain moderate, except in energy and health care, the survey summary said. The survey – with its findings published in the Beige Book, known for the color of its cover – is prepared eight times a year for use at a Fed policymaking session. In this case, the central bank's top policymaking group, the Federal Open Market Committee, meets June 26 and 27 when it is widely expected to reduce interest rates again to encourage stronger economic growth. The FOMC has cut its target for short-term rates five times, by a half-percentage point each time, since the beginning of the year. After such aggressive action most investors and analysts are looking for a quarter-point cut this month.......................................................................................................................Still want to blame Bill and the Democrats now?