Stocks Fall on Drop in Incomes and Spending
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Wall Street lost ground on Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. (New York Times — 30 August, 2008)
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Spending slowed for the second consecutive month and personal income fell as the effect of economic stimulus checks tapered off and inflation lingered, the Commerce Department said. (New York Times — 30 August, 2008)
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So is it time to celebrate a US recovery? (Sydney Morning Herald — 29 August, 2008)
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