Income gap widens over two decades in US economy
Washington AP reports a long term rise in the gap between the richest Americans and middle and bottom earners. The wealthiest 20 percent held 50 percent of income by 2002, up from 44 percent in 1973, while the bottom fifth fell to 3.5 percent. Wages stagnate as jobs grow weak, with new work in low paying sectors.
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U.S
Census Bureau
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Mark Zandi
Economy.com
Debbie Reames
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A Day on Wall Street Pet Change Feature
A day on Wall Street notes a pet market change with a price move of 1.32 from the prior level. The brief item highlights market activity and value shifts within the trading session.
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Wall Street
Terrorism tops NABE view of economy risks
The National Association for Business Economics says terrorism and defense issues pose the biggest short term threat to the economy with 40 percent of 117 members citing them. They urge the next president to focus on the Middle East and terrorism and to cut the deficit while limiting government spending.
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National Association For Business Economics
NABE
Duncan Meldrum
Air Products and Chemicals Inc
Middle East
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Nabe Group
Bush
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RealNetworks targets iPod users with price cut
RealNetworks moves to lure iTunes customers by enabling downloads on iPods and slashing prices. The promotion offers songs at 49 to 50 cents and full albums at 4.99, with ads portraying an iPod as a padlock opened and urging freedom of choice. The company says the effort aims to broaden compatibility, not pick a fight with Apple.
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Los Angeles
Apple Computers Inc
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Apple
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Grain futures rise on CBOT as soybeans slip
Grain futures advanced on the Chicago Board of Trade led by wheat climbing 3 percent to 3.02 a bushel for September while soybean futures fell.
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Chicago
Chicago Board of Trade
Stocks Jump as Oil Declines and Retail Cheer Boosts Dow
New York stocks rose sharply with the Dow up about 129 points as oil fell to 46.05 per barrel and retailers Wal Mart and Lowe's issued upbeat signals. The S P 500 and Nasdaq advanced as traders eyed Tuesday's inflation data and a mixed Empire State reading.
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Standard & Poor
Grain futures shift with mixed crop prices
September corn rose 4 percent to 2.22 a bushel while September oats gained 2 cents to 1.28 a bushel and September soybeans fell 10 cents to 5.75 a bushel, signaling varied market moves across major crops.
Closing stock prices on New York NYSE market list
Monday trading shows AES to Xerox with varied results among highly active stocks. Notable names include AT&T, ExxonMobil, Boeing, Coca Cola, Ford, Goldman Sachs, Merck, and WalMart with mixed highs and lows, reflecting fluctuating investor demand across sectors.
Stockyards prices rise as Illinois hogs trade down
Eastern Cornbelt carcass prices edge higher across weights from 0.5 to 0.9 inch bf with bid ranges of 74.03 to 84.62, 70.00 to 79.22. Today's Illinois Direct Hogs volume 14,969 with trading mostly 1 to 2 dollars lower amid light to moderate demand. 300-400 lb 43.00-45.00, 400-500 lb 45.00-48.00, 500-600 lb 47.00-50.00, >600 lb 49.00-51.00. Boars under 300 lb 35.00-40.00, over 300 lb 10.00-16.00.
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