NYT (5): Economy

http://www.nytimes.com/2008/07/02/business/02jobs.html?sq=goodman&st=nyt&scp=1&pagewanted=print

Deepening Cycle of Job Loss Seen Lasting Into ’09

“Weak signals persist…’slow-motion recession’…latest auto sales add to gloom.”

http://www.nytimes.com/2008/07/02/business/02auto.html?sq=vlasic&st=nyt&scp=1&pagewanted=print

Car Sales at a 10-Year Low

“Weak economy and $4-a-gallon gas take a toll.”

http://www.nytimes.com/2008/07/02/business/02sbux.html?sq=starbucks&st=nyt&scp=3&pagewanted=print

Starbucks Announces It Will Close 600 Stores

Originally expected to close 100, the figure goes up, with 12,000 employees expected to be laid off.

http://www.nytimes.com/2008/07/02/business/worldbusiness/02euro.html?sq=landler&st=nyt&scp=1&pagewanted=print

Paulson Finds Misery in Europe, Too

“Treasury Secretary tries to reassure other slumping economies.”

http://www.nytimes.com/2008/07/02/business/02oil.html?sq=clifford%20krauss&st=nyt&scp=2&pagewanted=print

Oil Demand to Grow Despite Prices, Report Says

“Developing nations will consume more.”

 

 

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