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

To: longnshort who wrote (624995)	8/18/2011 10:24:49 AM
From: tonto	Respond to of 1577188

(Reuters) - Factory activity in the Mid-Atlantic region plummeted in August, falling to the lowest level since March 2009, while existing home sales unexpectedly dropped in July, tempering hopes for a revival of economic recovery. The number of Americans claiming new jobless benefits rose last week also and consumer prices increased at the fastest pace in four months in July, highlighting the challenges facing the Federal Reserve. "Obviously, a very sharp contraction in orders is bad news (in the Philadelphia Fed index), " said Pierre Ellis, senior economist at Decision Economics in New York.