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Inflation Up While Economy Slows – Growth of GDP Slowest In Four Years – CPI Inflation Index At 2.3 Percent Minus Food Energy

Inflation Up While Economy Slows – Growth of GDP Slowest In Four Years – CPI Inflation Index At 2.3 Percent Minus Food Energy

Historical GDP

(Best Syndication) The US Department of Commerce reported that the first quarter Gross Domestic Product (GDP) growth was slower than recent quarters, up just 1.3 percent for the quarter. This is barely half the rate recorded in the final quarter of last year.

This growth rate is the weakest in four years. Commerce Secretary Carlos M. Gutierrez said "While the growth rate is slower than recent quarters, it’s important to realize a quarter is only a snapshot of the larger economic picture. Quarterly numbers bounce around, but the bottom line is that our economy remains solid.”

But inflation is still higher. According to the Bureau of Labor Statistics, the Consumer Price Index (the measure of inflation) ended March of 2007 at 4.7 percent including food and energy (2.3 percent when you subtract food and energy).

Microsoft Announces New Window Server Avaialable For Download – Beta 3 Version of Longhorn Full Version Release Later In 2007

Microsoft Announces New Window Server Avaialable For Download – Beta 3 Version of Longhorn Full Version Release Later In 2007

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(Best Syndication) Microsoft announced Thursday that they will allow people to download their new Windows Server codenamed “Longhorn”. The new edition is in Beta 3 testing right now and the final version is on track for release to manufacturing in the second half of 2007.

The company says that Longhorn has improved reliability and is more secure than Windows Server 2003. “As they take it for a test drive, our customers and partners will find we made some vast improvements in Windows Server ‘Longhorn’ to help them reduce costs and adapt to changing business needs,” said Bill Laing, general manager of the Windows Server Division at Microsoft.

Dow Jones Industrials Breaks 13,000 Mark For First Time – Standard And Poors Index Up Too – S&P 500 Rises 1 Percent Wednesday

Dow Jones Industrials Breaks 13,000 Mark For First Time – Standard And Poors Index Up Too – S&P 500 Rises 1 Percent Wednesday

Dow Jones Industrial Average

(Best Syndication) The Dow Jones Industrial Index broke the 13,000 mark Wednesday for the first time ever. The DJIA is the most widely recognized and followed index of stocks representing 30 of the largest companies in the United States, including Microsoft, 3M, IBM, Wal-Mart and more.

Today the DJIA closed at 13,089.89, up 135.95 points for the month of April. Some investors thought the recent downturn could spark a recession. Back on February 27th the Dow Jones index lost 3.29 percent of its value making that Tuesday the worst day since September 17th 2001.

Good Time To Buy A Home As Prices Fall and Existing Home Sales Decline – SubPrime Lenders And Bad Weather Blamed For Problems

Good Time For Home Buyers As Prices Fall and Existing Home Sales Decline – SubPrime Lenders And Bad Weather Blamed For Problems

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(Best Syndication) The decrease in the subprime lending volume and bad weather has contributed to steepest one-month decline in sales of existing homes in nearly two decades. The National Association of Realtors (NAR) says that after rising for three consecutive months, total existing-home sales fell 8.4 percent to a seasonally adjusted annual rate1 of 6.12 million units in March.

These existing homes include single-family residences, townhomes, condominiums and co-ops. David Lereah, an economist for the NAR says “For the last couple months we’ve been expecting a weather ‘hit’ on home sales finalized in March, but looking at overall activity in the first quarter we see that existing home sales averaged 6.41 million – a figure that is moderately higher than the sales pace during the second half of 2006.”

Social Security and Medicare Still In Trouble But Trust Fund May Last One Year Longer Before Going Bankrupt – What Year Will

Social Security and Medicare Still In Trouble But Trust Fund May Last One Year Longer Before Going Bankrupt – What Year Will

FDR

(Best Syndication) The Social Security Board of Trustees reported in its annual report Monday that the Social Security trust fund will be exhausted by the year 2041. Medicare is expected to fall short of revenue by 2017.

Although the date for Medicare insolvency remained the same, the date for Social Security was pushed back one year because of higher than expected revenues and slight reductions in projected benefit payouts. Experts say that both programs still face serious financial problems with the pending retirement of 78 million baby boomers.

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