Michele Grant (![[info]](http://p-stat.livejournal.com/img/userinfo.gif){kind=small} opadit) wrote,@ 2008-04-24 12:55:00 |
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news: three new indicators of the forthcoming American economic apocalypse
Costco and Sam's Club are limiting bulk purchases of rice (AP, via Yahoo!). Sam's Club is restricting sales of 20-pound sacks of ordinary rice, and small sacks of specialty rices like jasmine and basmati rice.
By 2012, lenders will have foreclosed on almost 13% of borrowers in the U.S. (Reuters). Do you know ten homeowners? Depending on your socioeconomic bracket -- or maybe not -- you or one of your friends will lose your home sometime in the next four years.
The Commerce Department reports that "[s]ales of new homes plunged in March to the lowest level in 16 1/2 years . . . . The median price of a new home in March compared to a year ago fell by the largest amount in nearly four decades" (AP, via Yahoo!).
Costco and Sam's Club are limiting bulk purchases of rice (AP, via Yahoo!). Sam's Club is restricting sales of 20-pound sacks of ordinary rice, and small sacks of specialty rices like jasmine and basmati rice.
By 2012, lenders will have foreclosed on almost 13% of borrowers in the U.S. (Reuters). Do you know ten homeowners? Depending on your socioeconomic bracket -- or maybe not -- you or one of your friends will lose your home sometime in the next four years.
The Commerce Department reports that "[s]ales of new homes plunged in March to the lowest level in 16 1/2 years . . . . The median price of a new home in March compared to a year ago fell by the largest amount in nearly four decades" (AP, via Yahoo!).
