Ticker, Aug. 28
Rocky Wire Reports
Published August 27, 2008 at 9:05 p.m.
HURT BY HOME LOANS
$5.4 billion is what U.S. savings and loans lost in the April-June period, the second-largest quarterly loss ever after the $8.8 billion loss in the fourth quarter of last year.
Source: U.S. Office of Thrift Supervision
BAD BUT NOT TERRIBLE
"Although the economy has been weak it hasn't fallen off a cliff."
Stuart Schweitzer, global markets strategist at J.P. Morgan's Private Bank, said Wednesday
HOUSEHOLD INCOME
$28,097 was Detroit's median household income in 2007, ranking it lowest among U.S. metropolitan areas with more than 250,000 people. It was $415 less than income in Cleveland, the figures showed.
Source: Associated Press
AMERICANS SKIP PARIS
20% is the decline in U.S. tourists in Paris through June because of the dollar's drop against the euro.
Increased tourism from Latin America, the Middle East, Italy and the U.K. more than offset the decline, the French Tourism Office says.
Source: Bloomberg News
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