Housing Moderates as Starts Edge Up in October
Housing construction slowed its pace but rose slightly in October with starts at a seasonally adjusted annual rate of 1.53 million. Multifamily projects up 1.3 percent. single family homes down 0.2 percent.Regional gains were led by the South and Midwest, while the West fell sharply and the Northeast eased. The Fed kept rates steady, aiming for a soft landing as lending standards tightened across banks.
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Commerce Department
Stanley Duobinis
National Association of Home Builders
Wall Street
Bell- South
Dow Jones
Joel Naroff
Naroff Economic Advisors
Federal Reserve
Fed
First Union
David Orr
South
Midwest
Bicycle helmet recalls total about 243000 over testing concerns
Variflex NHS and First Team Sports recall about 243000 helmets after government impact tests showed inadequate protection. Consumers should stop using recalled helmets immediately and return for refunds or replacements with provided instructions and contact numbers for each company.
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Variflex
Moorpark
Calif
NHS
Santa Cruz
First Team Sports
Anoka
Minn
Consumer Product Safety Commission
X-Games
X- Games
Variflex Inc
Taiwan
Sporting Goods
Guardian
Army picks General Dynamics and GM for 4 billion interim vehicle contract
General Dynamics and General Motors win a 4 billion Army contract to build 2,131 eight wheeled vehicles by 2008 for an interim brigade combat team. The lightweight vehicle will weigh under 19 tons and be transportable by C 130s, replacing heavy M1A1 Abrams tanks in a phased Army restructuring. The work will be done across multiple U S sites and one in Ontario Canada.
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General Dynamics Corp
General Motors Corp
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General Dynamics
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Ala
Sterling Heights
Mich
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Ohio
Peoria
Indianapolis
London
Ontario
Canada
State Dept to Declassify Argentina Rights Documents
Secretary of State Madeleine Albright orders declassification of 1976 to 1983 documents on Argentina during the military dictatorship. Spokesman Hunter says the move follows requests from Argentine and Spanish officials tied to criminal investigations of human rights violations. Albright’s August visit to Argentina included meetings with citizens urging release of information on disappeared Argentines and kidnapped children. Tens of thousands are believed to have died during the seven year rule.
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Madeleine Albright
Argentina
State Department
Charles Hunter
Albright
United States
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God Bless
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Gabe Pili
Ye Pion
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Midland
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Camsters & Selt
Vttial
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