credit-card payments that threaten to increase delinquencies
ON each stage of his journey, as he descended further and further into the gulags and torture chambers of the war on terror, Benyam Mohammed al-Habashi was shadowed by British intelligence. The British were there in Karachi when Americans interrogated him and Pakistanis tortured him; they were feeding questions to the Moroccan torturers who took a scalpel to his penis; they stood back and watched as he was dragged to an American torture chamber in Afghanistan and then to the gulag of Guantanamo, where he languishes to this day
...
In total, al-Habashi spent 18 months in Moroccan detention. He was tortured with the scalpel once a month. He once asked a guard why they were doing this to him and was told: “It’s just to degrade you, so when you leave here you’ll have these scars and you’ll never forget. So you’ll always fear doing anything but what the US wants.”
...
He says thinking of Jesus and the prophet Mohammed kept him going.
http://www.sundayherald.com/52304
Businesses last month faced the same pricing pressures as consumers, soaring energy costs, and home construction slowed as interest rates rose along with inflation, economists said in advance of reports this week.
http://www.bloomberg.com/apps/news?pid=10000087&sid=asi8JI9n30Sw&refer=top_world_news
Since the posting of The New York Times lengthy article on Judith Miller's involvement in the Plame scandal Saturday night, much Web buzzing has ensued concerning the revelation that she had some sort of special classified status while embedded with troops in Iraq at one point.
The issue came to the fore because Miller, in recounting her grand jury testimony, wrote about how her former classified status figured in her discussions with I. Lewis Libby. She was pressed by the prosecutor on this matter.
http://www.mediainfo.com/eandp/news/article_display.jsp?vnu_content_id=1001306732
The soldiers, who were targeted by insurgents as they travelled through the country, died after being attacked with bombs triggered by infra-red beams. The bombs were developed by the IRA using technology passed on by the security services in a botched "sting" operation more than a decade ago.
This contradicts the British government's claims that Iran's Revolutionary Guard is helping Shia insurgents to make the devices
http://news.independent.co.uk/uk/ulster/article320004.ece
A powerful coalition of judges, senior lawyers and politicians has warned that the Government is undermining freedoms citizens have taken for granted for centuries and that Britain risks drifting towards a police state. One of the country's most eminent judges has said that undermining the independence of the courts has frightening parallels with Nazi Germany.
Senior legal figures are worried that "inalienable rights" could swiftly disappear unless Tony Blair ceases attacking the judiciary and freedoms enshrined in the Human Rights Act
http://news.independent.co.uk/uk/legal/article320005.ece
At Home Depot stores around the country, immigrants line up each morning to find work as laborers and handymen. If lawyers and doctors lined up outside Home Depot offering their services for modest fees, what do you think would happen to the paychecks in those professions?
http://www.boston.com/business/personalfinance/articles/2005/10/16/seem_like_youre_earning_less_you_arent_alone/
The Israeli Army has taken preliminary procedures to implement the proposal, titled “Switching off the lights behind the escaping houses”. The procedures included organising awareness campaigns to advise the senior officers on ways of using forged names to escape legal responsibilities of the savage crimes they are planning or taking part in
http://www.timesofoman.com/newsdetails.asp?newsid=20893&pn=local
Roberts’ explicit objection to the Oregon statute is that, “It creates the potential for a patchwork of laws across the nation regarding the matter.” In other words, the states rights advocate claims that he opposes assisted suicide based on the inherently pernicious nature of states rights. This argument was rejected as pretzel logic by none other than William Rehnquist. Nevertheless, the “brilliant” Roberts has presented the convoluted rationale because his real reason reflects even more negatively on him. From the despicable theocratic perspective, allowing incurably ill human beings to decide the terms of their demise is just another secular defamation of God, not unlike letting women control their bodies or tolerating gay love.
http://makethemaccountable.com/podvin/more/051015_Agony.htm
The cats and dogs two PETA employees have been charged with euthanizing and dumping in an Ahoskie garbage bin were killed by injections of pentobarbital, a barbiturate commonly used to put down animals, according to new warrants issued and served on Friday.
Additionally, the two employees were charged with three felony counts of obtaining property by false pretenses. The charges allege that they euthanized three cats from an Ahoskie veterinarian after promising to find the animals new homes, according to the new warrants.
PETA employees Andrew B. Cook, 24, of Virginia Beach, and Adria J. Hinkle, 27, of Norfolk, were served with warrants on 22 felony charges of animal cruelty and the three felony charges of obtaining property by false pretense in court on Friday.
A grand jury is expected to consider formal indictments Oct. 31, Assistant District Attorney Donnie Taylor said.
The new animal cruelty charges replaced 31 previous animal cruelty charges, which were dismissed
http://home.hamptonroads.com/stories/story.cfm?story=93730&ran=57036
I pass this along, and I wonder...are you reading this?
Could you pass this test?
Look what it took to get an 8th grade education in 1895
--Remember when grandparents and great-grandparents stated that they
only had an 8th grade education? Well, check this out. Could any of us
have passed the 8th grade in 1895?
This is the eighth-grade final exam from 1895 in Salina, Kansas, USA.
It
was taken from the original document on file at the Smokey Valley
Genealogical Society and Library in Salina, KS, and reprinted by the
Salina Journal.
8th Grade Final Exam: Salina, KS -1895
Grammar (Time, one hour)
1. Give nine rules for the use of capital letters.
2. Name the parts of speech and define those that have no
modifications.
3. Define verse, stanza and paragraph
4. What are the principal parts of a verb? Give principal parts
of"lie,""play," and "run."
5. Define case; Illustrate each case.
6 What is punctuation? Give rules for principal marks of punctuation.
7 - 10. Write a composition of about 150 words and show therein that
you
understand the practical use of the rules of grammar.
Arithmetic (Time, 1.25 hours)
1. Name and define the Fundamental Rules of Arithmetic.
2. A wagon box is 2 ft. deep, 10 feet long, and 3 ft. wide. How many
bushels of wheat will it hold?
3. If a load of wheat weighs 3942 lbs., what is it worth at
50cts/bushel, deducting 1050 lbs. for tare?
4. District No. 33 has a valuation of $35,000. What is the necessary
levy to carry on a school seven months at $50 per month, and have $104
for incidentals?
5. Find the cost of 6720 lbs. coal at $6.00 per ton.
6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
7. What is the cost of 40 boards 12 inches wide and 16 ft. long at $20
per meter?
8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
9. What is the cost of a square farm at $15 per acre, the distance of
which is 640 rods?
10. Write a Bank Check, a Promissory Note, and a Receipt.
U.S. History (Time, 45 minutes)
1. Give the epochs into which U.S. History is divided.
2. Give an account of the discovery of America by Columbus.
3. Relate the causes and results of the Revolutionary War.
4. Show the territorial growth of the United States.
5. Tell what you can of the history of Kansas.
6. Describe three of the most prominent battles of the Rebellion.
7. Who were the following: Morse, Whitney, Fulton, Bell, Lincoln, Penn,
and Howe?
8. Name events connected with the following dates: 1607, 1620, 1800,
1849, 1865.
Orthography (Time, one hour) Do we even know what this is??
1. What is meant by the following: Alphabet, phonetic, orthography,
etymology, syllabication
2. What are elementary sounds? How classified?
3. What are the following, and give examples of each: Trigraph,
subvocals, diphthong, cognate letters, linguals
4. Give four substitutes for caret 'u.' (HUH?)
5. Give two rules for spelling words with final 'e.' Name two
exceptions
under each rule.
6. Give two uses of silent letters in spelling. Illustrate each.
7. Define the following prefixes and use in connection with a word: bi,
dis, mis, pre, semi, post, non, inter, mono, sup.
8. Mark diacritically and divide into syllables the following, and name
the sign that indicates the sound: card, ball, mercy, sir, odd, cell,
rise, blood, fare, last.
9. Use the following correctly in sentences: cite, site, sight, fane,
fain, feign, vane, vain, vein, raze, raise, rays.
10. Write 10 words frequently mispronounced and indicate pronunciation
by use of diacritical marks and by syllabication.
Geography (Time, one hour)
1 What is climate? Upon what does climate depend?
2. How do you account for the extremes of climate in Kansas?
3. Of what use are rivers? Of what use is the ocean?
4. Describe the mountains of North America
5. Name and describe the following: Monrovia, Odessa, Denver, Manitoba,
Hecla, Yukon, St. Helena, Juan Fernandez, Aspinwall and Orinoco.
6. Name and locate the principal trade centers of the U.S.
7. Name all the republics of Europe and give the capital of each.
8. Why is the Atlantic Coast colder than the Pacific in the same
latitude?
9. Describe the process by which the water of the ocean returns to the
sources of rivers.
10. Describe the movements of the earth. Give the inclination of the
earth.
Notice that the exam took FIVE HOURS to complete. Gives the saying "he
only had an 8th grade education" a whole new meaning, doesn't it? Also
shows you how poor our education system has become... and, NO! I don't
have the answers, and I failed the 8th grade test
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=80093
Prince 3 reports: “I am one of the Saudi Royal Family who has been assisting your newsletter. I wish to tell you something of intelligence nature. The information I have is scarce. Briefly, here is what I have been able to put together: Taiff is in the western part of Saudi Arabia, high in a very rugged mountain range, near the Red Sea. It is not listed on all maps. In fact, I can't even find a reference to it in Google, but it probably has several spelling variations. It is pronounced Taa'eef. From about 1973 until the late 1980's a mammoth construction project went on near Taiff, Saudi Arabia. The scale was so enormous as to defy belief. The scale was evidently so massive that my sources of this information indicated to me that they could not adequately verbalise it. In spite of the enormity of the project, it was done in almost total secrecy. Essentially, a complete underground city was built, spanning literally miles. There is also an extremely large runway which can in some fashion be hidden from aerial view and capable of handling more than even the largest aircraft. Airplanes that land can be hidden in a cavernous hanger built in an entire mountain. Parts of the runway aprons can also be lowered so that airplanes can be stored in hangers that are actually under the airport itself. All entrances to the city are hidden and impregnable. The primary contractor for this project was Bechtel. During the construction phase the area itself was closed to all access by outsiders. It was referred to by people in the know as "the forbidden city." It is clear to me that the city was built as a refuge. The question I have always pondered is a refuge for *whom*, and for *what*. A clue was given during the Gulf war. It seems Saudi and Kuwati royals waited out the war at.... (you will never guess) - Taiff! My theory is that this city was built as the destination of my family and unknown outsiders in event of a takeover of my family’s government or a nuclear war. I wish you would expose this further. I have tried myself but the old ones have the secrets and I am not trained as a journalist.”G306 We do not know if the Neocon allies of “the old ones” are responsible for this refuge or will benefit from it. We have heard unconfirmed rumors within the beltway of Washington.
http://www.statedepartment.com/37issue.htm
A Syrian source close to the ruling family predicted that Mr Assad would turn down the deal. "The regime has calculated that it has the resources to survive for quite some time even if it is isolated," said the source. "The strategy could be to manage the conflict until external pressures ease.
http://www.rense.com/general68/gad.htm
"There should be no favoritism toward or discrimination against any person on the basis of race, color, creed or nationality," FAIR stated. "All admission of immigrants should come within a single, stable ceiling which is periodically reviewed on the basis of a reasoned, explicit goal of achieving population stability. We should abolish preferences such as the Cuban Adjustment Act."
http://www.rense.com/general68/trueimmigration.htm
Iraqi election officials said today that they were investigating what they described as "unusually high" vote totals in 12 Shiite and Kurdish provinces, where as many 99 percent of the voters were reported to have cast ballots in favor of Iraq's new constitution, raising the possibility that the results of Saturday's referendum could be called into question.
http://www.nytimes.com/2005/10/17/international/middleeast/17cnd-ballot.html
The dollar slipped on Monday, extending losses after tame U.S. inflation data and weak growth figures prompted traders to unwind long-dollar positions.
The dollar eased further from two-year highs versus the yen and touched its lowest level in a week against the euro, although many traders said its overall uptrend remained intact on expectations U.S. interest rates would keep climbing.
http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nT250233&imageid=n=
U.S. consumers, and the businesses that depend on them, are bracing for what Lehman Brothers Inc. economists call a ``cold, dark and expensive'' winter.
A growing number of Wall Street forecasters, including those at Goldman, Sachs & Co. and Merrill Lynch & Co., are pulling back on estimates for consumer spending. They cite a convergence of rising energy prices, falling real wages and new rules requiring bigger credit-card payments that threaten to increase delinquencies at a time when a record number of borrowers are already behind on their bills.
``We are hitting the consumer with headwinds that we have not witnessed on record,'' says Andrew Pyle, senior economist with Scotia Capital in Toronto
http://www.bloomberg.com/apps/news?pid=10000103&sid=alsNn4mUMcOg&refer=us
...
In total, al-Habashi spent 18 months in Moroccan detention. He was tortured with the scalpel once a month. He once asked a guard why they were doing this to him and was told: “It’s just to degrade you, so when you leave here you’ll have these scars and you’ll never forget. So you’ll always fear doing anything but what the US wants.”
...
He says thinking of Jesus and the prophet Mohammed kept him going.
http://www.sundayherald.com/52304
Businesses last month faced the same pricing pressures as consumers, soaring energy costs, and home construction slowed as interest rates rose along with inflation, economists said in advance of reports this week.
http://www.bloomberg.com/apps/news?pid=10000087&sid=asi8JI9n30Sw&refer=top_world_news
Since the posting of The New York Times lengthy article on Judith Miller's involvement in the Plame scandal Saturday night, much Web buzzing has ensued concerning the revelation that she had some sort of special classified status while embedded with troops in Iraq at one point.
The issue came to the fore because Miller, in recounting her grand jury testimony, wrote about how her former classified status figured in her discussions with I. Lewis Libby. She was pressed by the prosecutor on this matter.
http://www.mediainfo.com/eandp/news/article_display.jsp?vnu_content_id=1001306732
The soldiers, who were targeted by insurgents as they travelled through the country, died after being attacked with bombs triggered by infra-red beams. The bombs were developed by the IRA using technology passed on by the security services in a botched "sting" operation more than a decade ago.
This contradicts the British government's claims that Iran's Revolutionary Guard is helping Shia insurgents to make the devices
http://news.independent.co.uk/uk/ulster/article320004.ece
A powerful coalition of judges, senior lawyers and politicians has warned that the Government is undermining freedoms citizens have taken for granted for centuries and that Britain risks drifting towards a police state. One of the country's most eminent judges has said that undermining the independence of the courts has frightening parallels with Nazi Germany.
Senior legal figures are worried that "inalienable rights" could swiftly disappear unless Tony Blair ceases attacking the judiciary and freedoms enshrined in the Human Rights Act
http://news.independent.co.uk/uk/legal/article320005.ece
At Home Depot stores around the country, immigrants line up each morning to find work as laborers and handymen. If lawyers and doctors lined up outside Home Depot offering their services for modest fees, what do you think would happen to the paychecks in those professions?
http://www.boston.com/business/personalfinance/articles/2005/10/16/seem_like_youre_earning_less_you_arent_alone/
The Israeli Army has taken preliminary procedures to implement the proposal, titled “Switching off the lights behind the escaping houses”. The procedures included organising awareness campaigns to advise the senior officers on ways of using forged names to escape legal responsibilities of the savage crimes they are planning or taking part in
http://www.timesofoman.com/newsdetails.asp?newsid=20893&pn=local
Roberts’ explicit objection to the Oregon statute is that, “It creates the potential for a patchwork of laws across the nation regarding the matter.” In other words, the states rights advocate claims that he opposes assisted suicide based on the inherently pernicious nature of states rights. This argument was rejected as pretzel logic by none other than William Rehnquist. Nevertheless, the “brilliant” Roberts has presented the convoluted rationale because his real reason reflects even more negatively on him. From the despicable theocratic perspective, allowing incurably ill human beings to decide the terms of their demise is just another secular defamation of God, not unlike letting women control their bodies or tolerating gay love.
http://makethemaccountable.com/podvin/more/051015_Agony.htm
The cats and dogs two PETA employees have been charged with euthanizing and dumping in an Ahoskie garbage bin were killed by injections of pentobarbital, a barbiturate commonly used to put down animals, according to new warrants issued and served on Friday.
Additionally, the two employees were charged with three felony counts of obtaining property by false pretenses. The charges allege that they euthanized three cats from an Ahoskie veterinarian after promising to find the animals new homes, according to the new warrants.
PETA employees Andrew B. Cook, 24, of Virginia Beach, and Adria J. Hinkle, 27, of Norfolk, were served with warrants on 22 felony charges of animal cruelty and the three felony charges of obtaining property by false pretense in court on Friday.
A grand jury is expected to consider formal indictments Oct. 31, Assistant District Attorney Donnie Taylor said.
The new animal cruelty charges replaced 31 previous animal cruelty charges, which were dismissed
http://home.hamptonroads.com/stories/story.cfm?story=93730&ran=57036
I pass this along, and I wonder...are you reading this?
Could you pass this test?
Look what it took to get an 8th grade education in 1895
--Remember when grandparents and great-grandparents stated that they
only had an 8th grade education? Well, check this out. Could any of us
have passed the 8th grade in 1895?
This is the eighth-grade final exam from 1895 in Salina, Kansas, USA.
It
was taken from the original document on file at the Smokey Valley
Genealogical Society and Library in Salina, KS, and reprinted by the
Salina Journal.
8th Grade Final Exam: Salina, KS -1895
Grammar (Time, one hour)
1. Give nine rules for the use of capital letters.
2. Name the parts of speech and define those that have no
modifications.
3. Define verse, stanza and paragraph
4. What are the principal parts of a verb? Give principal parts
of"lie,""play," and "run."
5. Define case; Illustrate each case.
6 What is punctuation? Give rules for principal marks of punctuation.
7 - 10. Write a composition of about 150 words and show therein that
you
understand the practical use of the rules of grammar.
Arithmetic (Time, 1.25 hours)
1. Name and define the Fundamental Rules of Arithmetic.
2. A wagon box is 2 ft. deep, 10 feet long, and 3 ft. wide. How many
bushels of wheat will it hold?
3. If a load of wheat weighs 3942 lbs., what is it worth at
50cts/bushel, deducting 1050 lbs. for tare?
4. District No. 33 has a valuation of $35,000. What is the necessary
levy to carry on a school seven months at $50 per month, and have $104
for incidentals?
5. Find the cost of 6720 lbs. coal at $6.00 per ton.
6. Find the interest of $512.60 for 8 months and 18 days at 7 percent.
7. What is the cost of 40 boards 12 inches wide and 16 ft. long at $20
per meter?
8. Find bank discount on $300 for 90 days (no grace) at 10 percent.
9. What is the cost of a square farm at $15 per acre, the distance of
which is 640 rods?
10. Write a Bank Check, a Promissory Note, and a Receipt.
U.S. History (Time, 45 minutes)
1. Give the epochs into which U.S. History is divided.
2. Give an account of the discovery of America by Columbus.
3. Relate the causes and results of the Revolutionary War.
4. Show the territorial growth of the United States.
5. Tell what you can of the history of Kansas.
6. Describe three of the most prominent battles of the Rebellion.
7. Who were the following: Morse, Whitney, Fulton, Bell, Lincoln, Penn,
and Howe?
8. Name events connected with the following dates: 1607, 1620, 1800,
1849, 1865.
Orthography (Time, one hour) Do we even know what this is??
1. What is meant by the following: Alphabet, phonetic, orthography,
etymology, syllabication
2. What are elementary sounds? How classified?
3. What are the following, and give examples of each: Trigraph,
subvocals, diphthong, cognate letters, linguals
4. Give four substitutes for caret 'u.' (HUH?)
5. Give two rules for spelling words with final 'e.' Name two
exceptions
under each rule.
6. Give two uses of silent letters in spelling. Illustrate each.
7. Define the following prefixes and use in connection with a word: bi,
dis, mis, pre, semi, post, non, inter, mono, sup.
8. Mark diacritically and divide into syllables the following, and name
the sign that indicates the sound: card, ball, mercy, sir, odd, cell,
rise, blood, fare, last.
9. Use the following correctly in sentences: cite, site, sight, fane,
fain, feign, vane, vain, vein, raze, raise, rays.
10. Write 10 words frequently mispronounced and indicate pronunciation
by use of diacritical marks and by syllabication.
Geography (Time, one hour)
1 What is climate? Upon what does climate depend?
2. How do you account for the extremes of climate in Kansas?
3. Of what use are rivers? Of what use is the ocean?
4. Describe the mountains of North America
5. Name and describe the following: Monrovia, Odessa, Denver, Manitoba,
Hecla, Yukon, St. Helena, Juan Fernandez, Aspinwall and Orinoco.
6. Name and locate the principal trade centers of the U.S.
7. Name all the republics of Europe and give the capital of each.
8. Why is the Atlantic Coast colder than the Pacific in the same
latitude?
9. Describe the process by which the water of the ocean returns to the
sources of rivers.
10. Describe the movements of the earth. Give the inclination of the
earth.
Notice that the exam took FIVE HOURS to complete. Gives the saying "he
only had an 8th grade education" a whole new meaning, doesn't it? Also
shows you how poor our education system has become... and, NO! I don't
have the answers, and I failed the 8th grade test
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=80093
Prince 3 reports: “I am one of the Saudi Royal Family who has been assisting your newsletter. I wish to tell you something of intelligence nature. The information I have is scarce. Briefly, here is what I have been able to put together: Taiff is in the western part of Saudi Arabia, high in a very rugged mountain range, near the Red Sea. It is not listed on all maps. In fact, I can't even find a reference to it in Google, but it probably has several spelling variations. It is pronounced Taa'eef. From about 1973 until the late 1980's a mammoth construction project went on near Taiff, Saudi Arabia. The scale was so enormous as to defy belief. The scale was evidently so massive that my sources of this information indicated to me that they could not adequately verbalise it. In spite of the enormity of the project, it was done in almost total secrecy. Essentially, a complete underground city was built, spanning literally miles. There is also an extremely large runway which can in some fashion be hidden from aerial view and capable of handling more than even the largest aircraft. Airplanes that land can be hidden in a cavernous hanger built in an entire mountain. Parts of the runway aprons can also be lowered so that airplanes can be stored in hangers that are actually under the airport itself. All entrances to the city are hidden and impregnable. The primary contractor for this project was Bechtel. During the construction phase the area itself was closed to all access by outsiders. It was referred to by people in the know as "the forbidden city." It is clear to me that the city was built as a refuge. The question I have always pondered is a refuge for *whom*, and for *what*. A clue was given during the Gulf war. It seems Saudi and Kuwati royals waited out the war at.... (you will never guess) - Taiff! My theory is that this city was built as the destination of my family and unknown outsiders in event of a takeover of my family’s government or a nuclear war. I wish you would expose this further. I have tried myself but the old ones have the secrets and I am not trained as a journalist.”G306 We do not know if the Neocon allies of “the old ones” are responsible for this refuge or will benefit from it. We have heard unconfirmed rumors within the beltway of Washington.
http://www.statedepartment.com/37issue.htm
A Syrian source close to the ruling family predicted that Mr Assad would turn down the deal. "The regime has calculated that it has the resources to survive for quite some time even if it is isolated," said the source. "The strategy could be to manage the conflict until external pressures ease.
http://www.rense.com/general68/gad.htm
"There should be no favoritism toward or discrimination against any person on the basis of race, color, creed or nationality," FAIR stated. "All admission of immigrants should come within a single, stable ceiling which is periodically reviewed on the basis of a reasoned, explicit goal of achieving population stability. We should abolish preferences such as the Cuban Adjustment Act."
http://www.rense.com/general68/trueimmigration.htm
Iraqi election officials said today that they were investigating what they described as "unusually high" vote totals in 12 Shiite and Kurdish provinces, where as many 99 percent of the voters were reported to have cast ballots in favor of Iraq's new constitution, raising the possibility that the results of Saturday's referendum could be called into question.
http://www.nytimes.com/2005/10/17/international/middleeast/17cnd-ballot.html
The dollar slipped on Monday, extending losses after tame U.S. inflation data and weak growth figures prompted traders to unwind long-dollar positions.
The dollar eased further from two-year highs versus the yen and touched its lowest level in a week against the euro, although many traders said its overall uptrend remained intact on expectations U.S. interest rates would keep climbing.
http://today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nT250233&imageid=n=
U.S. consumers, and the businesses that depend on them, are bracing for what Lehman Brothers Inc. economists call a ``cold, dark and expensive'' winter.
A growing number of Wall Street forecasters, including those at Goldman, Sachs & Co. and Merrill Lynch & Co., are pulling back on estimates for consumer spending. They cite a convergence of rising energy prices, falling real wages and new rules requiring bigger credit-card payments that threaten to increase delinquencies at a time when a record number of borrowers are already behind on their bills.
``We are hitting the consumer with headwinds that we have not witnessed on record,'' says Andrew Pyle, senior economist with Scotia Capital in Toronto
http://www.bloomberg.com/apps/news?pid=10000103&sid=alsNn4mUMcOg&refer=us
posted by abu nakba at 10/17/2005 07:24:00 PM
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