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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (16014)	11/17/2004 10:00:32 AM
From: mishedlo	Respond to of 116555

HOFFMAN ESTATES, Ill. - Kmart Holding Corp. and Sears, Roebuck and Co. announced a merger agreement Wednesday that will create the nation's third-largest retail company, called Sears Holdings Corporation. The companies said Sears Holdings will be the nation's third largest retailer, with approximately $55 billion in annual revenues, 2,350 full-line and off-mall stores, and 1,100 specialty retail stores.

To: Elroy Jetson who wrote (16014)	11/17/2004 10:14:03 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

Listening to a radio show last night and they were talking about Walmart and Chinese trade. Anyway somebody from the Long Beach Port Authority says 80% of the shipping in Long Beach is to and from China. They ship us all the value added finished goods and we ship back scrap metal, paper pulp, and other commodities. So the moderater says " isn't that the relationship the US used to have with third world countries?"

To: Elroy Jetson who wrote (16014)	11/17/2004 10:18:01 AM
From: mishedlo	Respond to of 116555

CONSUMER PRICE INDEX: OCTOBER 2004 bls.gov CONSUMER PRICE INDEX: OCTOBER 2004 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in October, before seasonal adjustment, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The October level of 190.9 (1982-84=100) was 3.2 percent higher than in October 2003. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 0.6 percent in October, prior to seasonal adjustment. The October level of 186.5 was 3.2 percent higher than in October 2003. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 0.5 percent in October on a not seasonally adjusted basis. The October level of 111.1 (December 1999=100) was 2.7 percent higher than in October 2003. Please note that the indexes for the post-2002 period are subject to revision. CPI for All Urban Consumers (CPI-U) On a seasonally adjusted basis, the CPI-U increased 0.6 percent in October, following a 0.2 percent rise in September. Energy costs, which had declined in each of the preceding three months after advancing sharply in the first half of the year, increased 4.2 percent in October, accounting for over half of the advance in the overall CPI-U. Within energy, the index for petroleum-based energy increased 8.5 percent, while the index for energy services declined 0.9 percent. The index for food, which was unchanged in September, rose 0.6 percent in October. The index for food at home rose 0.8 percent, reflecting a 6.0 percent increase in the index for fruits and vegetables. The index for all items less food and energy advanced 0.2 percent in October, following a 0.3 percent rise in September. The indexes for lodging away from home and for used cars, which accounted for more than half of the September increase in the index for all items excluding food and energy, registered small increases in October. This moderation was largely offset by upturns in the indexes for household furnishings and operations, for new vehicles, and for apparel.