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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Mar 28, 2010
Page
21
The Commerce Department reports 5.6 percent growth in Q4, buoyed by business capital spending and foreign demand, while consumer spending remains weak. Economists forecast 2.5 to 3 percent growth in early 2000 as the recovery loses momentum and unemployment stays high.
The 16 euro area nations agreed a safety net with IMF support to aid Greece if it cannot fund debts. PM Papandreou said the plan buys breathing space for harsh austerity measures as markets slightly improve and unions pause strikes for now. The rescue framework requires unanimous euro-zone approval and is meant as last resort.
The market closed mixed after a two month rally with the Dow up 9.15 points to 10850.36 and the S P 500 at 1166.59 while the Nasdaq slipped to 2395.13. Investors weighed Greece debt relief and weak volume amid a fourth weekly gain.
Bergen County New Jersey may lift its Sunday shopping ban as Gov. Christie proposes repealing the blue law to boost sales tax revenue. The measure would affect a county famed for malls, homes to Paramus stores, and a tradition of Sunday rest amid strong local opposition and political debate.
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