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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: HH who wrote (2278)	6/16/1998 9:14:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

>>Increasing nervousness on Wall Street about Asia has heightened concerns among economists, some of whom warn that a buoyant U.S. economy is all that now stands between a regional crisis and a full-blown world recession.<< I certainly hope this kind of talk is just that, talk. Perhaps the Asian miracle has been more myth that fact such that their expansion was never that great to begin with?

To: HH who wrote (2278)	6/16/1998 9:21:00 AM
From: Joseph G.	Respond to of 86076

<<U.S. housing starts post third straight drop in May WASHINGTON, June 16 (Reuters) - Construction starts on new homes and apartments declined in May, the Commerce Department said Tuesday, falling to the lowest level this year despite low interest rates and rising incomes that were forecast to boost building. Total starts fell 0.7 percent to a seasonally adjusted annual rate of 1.53 million last month - a third straight monthly decline that was sharply contrary to Wall Street economists' predictions for an increase to a rate of 1.56 million. The fall in starts in May followed a revised decrease of 2.8 percent in April starts, to a 1.541-million rate, and a 1.9 percent dip in March to a 1.585-million rate. A department official said it was the first time that starts had fallen for three or more straight months since the four months from December 1994 to March 1995. The May starts level was the lowest since a 1.523-million rate last November. >>