U.S. Economy Slips Deeper Into Recession as Home Sales Fall
The economy shows a bleaker picture with credit freezes and weak housing data. New home sales drop 2.9 percent to 407,000 annual units, existing home sales fall 8.6 percent to 4.49 million, and prices plunge. Major indices rise modestly as investors digest the reports amid calls for another large stimulus.
MENTIONED IN THIS ARTICLE
White House
Tony Fratto
Commerce Department
National Association of Realtors
Holiday shopping surge boosts Main Street stores
Retailers report busier pre Christmas period with less time between holidays and lower gas prices driving last minute shoppers. At RT Sporting Goods The Corner on Main Hastings and other stores see strong demand for decor candles jewelry books and popular movie and book titles. Managers credit gas savings and quick repeat visits for meeting yearly goals.
MENTIONED IN THIS ARTICLE
Schmidt
RT Sporting Goods
Main
N. Main St
Michelle Mayo
Mayo
Main Street
Hastings
Kansas Ave
Miguel Mendez
Mendez
World stocks end mixed after US data sinks gains
Global markets closed mixed as earlier gains faded after U.S. data showed home sales slumping 8.6 percent in November and new home sales at a 17 year low. Dow and S&P edged lower while UK FTSE rose slightly and DAX fell. Investors eye Obama’s plans next month amid slim recovery prospects.
MENTIONED IN THIS ARTICLE
Standard & Poor
Barack Obama
Obama
Congress
U.S
Peoria
Caterpillar
Memphis
Memphis, Tenn.-based FedEx Corp
AK Steel Holding Corp
West Chester
Ohio
Barney Frank
House Financial Services Committee
Frank
London
Germany
Dax
France
Brian Bethune
IHS Global Insight
Commerce Department
White House
Budget Woes Prompt Talk of State Merger
Budget deficits loom as researchers warn the state will end the current fiscal year with 141 million dollars in shortfall and a potential gap exceeding 1 billion by June 30, 2010. Conservation and Agriculture agencies operate with multi-million budgets and hundreds of staff.
MENTIONED IN THIS ARTICLE
Conservation
Halloran retires as Garden City city manager
Halloran retires effective March 1 after shaping Garden City's growth and look. Matt Allen, longtime assistant city manager, named interim then permanent city manager following a 12 member selection process with local and out of state candidates. Halloran remains active on boards and credited staff and colleagues for his career landmark.
MENTIONED IN THIS ARTICLE
Halloran
Garden City
Wiley
Matt Allen
Marla Flentie
Austin Peters Group
Allen
Matt
David Crase
Sam Curran
Curran
George Hopkins
Mosaic Business Advisory Board
United Way Board of Directors
Kansas Children’s Service League
Kansas Association of City/ County Management
Pete Olson
Finney County
Bill Keefer
Augusta
Also Mentioned on This Page
National Bureau of Economic Research
NBER
Federal Reserve
Jeff Dunham
Dark Knight
Finney County Motor Vehicle Department
Oe Finney Coun
Transit
Pian
Mission
Animal Health Department
Department of Agriculture
Kgcctecia
Eynesday
Trinity Lutheran Church
Fleming
Slden Plains
Cer Union
Dillons
Kansas
Vni
Marastiaa
Jesus
Jesus Christ
Garden City Presbyterian Church
Texas St
Florence Wilson
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