Friday, October 17, 2008

Steven Wevodau - Poorer tourists could still bring riches to Latin America (AFP)

Tourists visit the AFP - As stock markets sink and fears grow of a global recession, Latin America is banking on gains as well as losses from tourists tightening their purse strings.


Steven Wevodau

A worker cleans Hummer vehicles at a dealership in Chantilly, Virginia, June 3, 2008. (Kevin Lamarque/Reuters)Reuters - General Motors Corp has sent a sales prospectus for Hummer to potential bidders as it scrambles to shore up its cash amid a sharp downturn in global auto sales.


Steven Wevodau

Traders work on the floor of the New York Stock Exchange, October 17, 2008. (Brendan McDermid/Reuters)Reuters - Evidence piled up on Friday that the world is slipping into recession but the White House played down expectations for a weekend meeting between lame-duck U.S. President George W. Bush and European Union leaders.


Steven Wevodau

Shopper on Chicago's Magnificent Mile in a file photo. (John Gress/Reuters)Reuters - Consumer confidence suffered its steepest monthly drop on record in October and construction starts on new homes fell to a 17-1/2 year low the previous month, as the financial crisis sent shock waves through the economy.


Steven Wevodau

Sign stands outside unsold new home in a subdivision northwest of Albuquerque, N.M., on Wednesday, Sept. 24, 2008. The Commerce Department reported Friday, Oct. 17, 2008, construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production to the slowest pace since early 1991. (AP Photo/David Zalubowski)AP - The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession.


Steven Wevodau

Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years. (Graphics/Reuters)Reuters - Stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years.


Steven Wevodau

Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett greets shareholders during the Berkshire Hathaway Annual Shareholders meeting in Omaha, Nebraska in this May 3, 2008 file photo. (Carlos Barria/Reuters)Reuters - Warren Buffett tried to persuade demoralized investors the U.S. stock market is not falling off a cliff. Not everyone was immediately convinced.


Steven Wevodau

No comments: