HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Sandy delivers heavy blow...

Thu Nov 29, 2012, 09:20 PM

Sandy delivers heavy blow to US economy

This discussion thread was locked as off-topic by Rhiannon12866 (a host of the Latest Breaking News forum).

Source: AP-Excite

By MARTIN CRUTSINGER

WASHINGTON (AP) - Superstorm Sandy packed a bigger economic punch than most people had thought.

In its sweep through the Northeast, the storm halted sales at major retailers at the start of the crucial holiday shopping season, closed factories and slowed home sales in one of the most densely populated areas of the country.

On Thursday, for example, Kohl's, Target and Macy's blamed the storm for weak sales in November. Macy's and Nordstrom Inc. reported their first monthly sales drop since late 2009, when the U.S. economy was just emerging from the Great Recession.

And the government said this week that new-home sales plunged 32 percent in the Northeast last month and nearly 12 percent in the South. By contrast, sales surged nearly 63 percent in the Midwest and nearly 9 percent in the West.

FULL story at link.


Read more: http://apnews.excite.com/article/20121129/DA2RV24O2.html

2 replies, 923 views

Cannot reply in locked threads

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Sandy delivers heavy blow to US economy (Original post)
Omaha Steve Nov 2012 OP
NoOneMan Nov 2012 #1
Rhiannon12866 Nov 2012 #2

Response to Omaha Steve (Original post)

Thu Nov 29, 2012, 09:49 PM

1. Not to worry

 

Soon we will be dispatching oil guzzling bulldozers all over the world to build levies. We wont let this economy thing get us down.

Cannot reply in locked threads

Back to top Alert abuse Link here Permalink


Response to Omaha Steve (Original post)

Fri Nov 30, 2012, 02:39 AM

2. Locking, sorry, this is analysis, not breaking news.

Please consider reposting in GD.Thanks!

Cannot reply in locked threads

Back to top Alert abuse Link here Permalink