Economy grows 3.3 percent on housing and war spending
The U S economy expanded 3.3 percent in the April June quarter reflecting a hotter housing market and war in Iraq boosted demand Analysts forecast stronger growth into the year as tax cuts and low interest rates sustain momentum Despite stock market slide economists warn against over optimism and note job losses persist The Michigan consumer sentiment index edged down to 87 7 in September with lower income households most affected
MENTIONED IN THIS ARTICLE
Washington
Iraq
Bush
Federal Reserve
Sung Won Sohn
Wells Fargo
Minneapolis
Herbert Hoover
Scott McClellan
Congress
Wall Street
Dow Jones
Dow
United States
Fed
David Wyss
Standard & Poor’s
New York
University of Michigan
Richard Curtin
Poverty Up For Second Straight Year In 2002 Census
Census data show median American family income fell to 42400 in 2002 after a 900 drop in 2001. Poverty rose to 12.1 percent with 34.6 million people poor, up 1.7 million. Children remained the poorest group, with 12.2 million under 18 poor.
MENTIONED IN THIS ARTICLE
Suitland
Mid
Census Bureau
Bureau
Daniel Weinberg
Weinberg
South
Midwest
Wheeling-Pitt opens 115M arc furnace amid comeback
Wheeling-Pitt Steel Corp breaks ground on a 115 million electric arc furnace in Mingo Junction Ohio creating 400 union construction jobs over 14 months. CEO Jim Bradley smiles as Gov. Wise lauds a turnaround from bankruptcy while the firm pivoted from past losses toward a new future with debt relief and federal loans.
MENTIONED IN THIS ARTICLE
Wheeling-Pitt
Mingo Junction
Ohio
Wheeling- Pittsburgh Steel Corp
Jim Bradley
West Virginia
Bob Wise
America
Levi Strauss to close last U.S. and Canadian plants
Levi Strauss & Co plans to shut its final manufacturing facilities in the United States and Canada, cutting about 2,000 jobs. Two San Antonio sewing and finishing plants will close by year end, affecting 800 workers, while the three remaining Canadian plants will shut, impacting 1,180 staff. The firm will outsource production abroad and focus on design, marketing, and sales.
MENTIONED IN THIS ARTICLE
San Francisco
Levi Strauss & Co
United States
Canada
San Antonio
Julie Klee
Klee
Levi Strauss
America
Levis
Levi's
U.S
Also Mentioned on This Page
Witech Messes
Regandless
Alvear
Deserme
Scripps Howard
Ian Daniel Wes
Northeast
Oklahoma
Florida
Hawaii
Ilinois
Michigan
Mississippi
Missouri
Nevada
North Carolina
Oregon
District of Columbia
Eign
Bradley
Wise Administration
WAX Corp
Royal Bank of Canada
Jim Bowen
West Virginia Afl-Cio
Furniture & Interiors
Sen
Moe
Lorain County
Wilcox Farms
Diagonal Road
LaGrange
Lorain County Farm Bureau
Oberlin
Lorain County Farm Bureau, Inc
Lernaihar Soves
Lake Erie
Vermilion
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