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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (142948)	2/27/2002 11:08:36 AM
From: TimF	Read Replies (1) \| Respond to of 1575119

ENRON ADMITS IT'S REALLY ARGENTINA Now Massive Ineptitude, Corruption Make More Sense, Analysts Say satirewire.com

To: tejek who wrote (142948)	2/27/2002 11:08:59 AM
From: tejek	Respond to of 1575119

And a not so good piece of information............. _________________________________________________ New Home Sales Fall Sharply Plunge 14.8 Percent in January Reuters WASHINGTON (Feb. 27) - Sales of new homes plunged 14.8 percent in January in their biggest decline in eight years, the government said Wednesday, a setback for an economy seeking evidence of a rebound. New homes were sold at a seasonally adjusted annual rate of 823,000 last month, down from a revised 966,000 pace in December, the Commerce Department said. This fell well short of the expectations of analysts polled by Reuters, who had forecast a 936,000 sales pace for January. The drop is the biggest since a 23.8 percent decline in January 1994, and the level of sales is the lowest since June 2000. The data contrasts sharply with a recent report that showed a surge in sales of already existing homes in January, which economists attributed to mild weather and a return of consumer confidence. Wednesday's data, however, presents a troubling prospect because new homes sales reflect broader economic activity, seeing that they involve employment of designers and laborers and purchases of goods and materials. Sales of new single-family homes fell sharply in the regions of the country where the volume is the greatest. In the South, sales fell by 22.1 percent, the steepest decline since April 1980, when Jimmy Carter was president. Sales fell by 17 percent in the West, the biggest drop since February 1999. In the Midwest, sales fell by 0.6 percent, and in the Northeast, sales rose by 9.0 percent. In the financial markets, Treasuries rallied in mid-morning trade, but this was mostly due to Federal Reserve Chairman Alan Greenspan's comments on the economy. Greenspan, in his semi-annual testimony to Congress, expressed confidence the economy was emerging from recession but cautioned that the recovery was likely to be moderate. Reut10:40 02-27-02 Copyright 2002 Reuters Limited.