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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 30, 2008
Page
12
U S Commerce Department data show personal incomes dropped 0.7 percent in July while consumer spending rose 0.2 percent. Inflation adjusted spending fell 0.4 percent as rebate checks fade, prompting worries of slower growth and potential recession later in the year.
The NTSB investigated a near collision north of Puerto Rico when Transaero Boeing 737 descended 2000 feet to avoid Delta Air Lines flight 185 at 33 000 feet. The two aircraft were about 180 miles north of San Juan and 60 seconds apart.
Gas prices edged up Friday the first rise in 43 days as Gustav threatened Gulf energy facilities. Analysts warned a direct hit could push pumps toward $5 a gallon while fears of supply disruption and potential SPR releases added volatility alongside a volatile oil market.
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