Bush arrives in Philly as Cheney takes shot at Clinton-Gore years
In Philadelphia Bush campaigns in English and Spanish and urges voters to choose him in November. Cheney accepts vice presidential nomination and rebukes Clinton-Gore, saying the wheel has turned and it is time for them to go.
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New home sales slump to multi-year low in June
Washington AP reports new home sales fell for a third straight month in June to an annual rate of 829,000, the slowest since December 1997. Higher mortgage rates cooled demand nationwide except the West, with economists predicting continued softness through year end.
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Large banks charge higher fees, Fed finds
The Federal Reserve survey shows America's biggest banks levy higher fees than smaller, single-state banks. Free checking declined to 10.8 percent in 1999 from 17.3 percent in 1998, while savings and loans offering free accounts rose to 30 percent from 23.4 percent. Big banks averaged a $17.04 bounced check fee versus $21.80 at large banks, and stop-payment fees averaged $14.50 versus $20.10. The report covers 1,000 institutions and notes more banks now offer minimum-balance accounts.
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