Drop in consumer prices is most since 1932

Date: Tue, 16 Dec 2008 12:01:09 -0500

Drop in consumer prices is most since 1932

U.S. consumer prices fell in November at the fastest rate since 1932,
the Labor Department reports.

ECONOMIC REPORT: HOUSING STARTS DROP 18.9% TO PLUMB RECORD LOW, U.S. DATA SHOW

U.S. home builders start construction of new homes at a November pace
far below the worst levels seen in 50 years, Commerce Department data
show. Building permits, considered a forward-looking indicator,
underscore the weakness in
construction.

THE FED: PULLING OUT ALL THE STOPS

The Federal Reserve is going to do whatever it takes to help offset
the economic downturn, analysts say.

PAY RAISES IN 2009 WILL BE MEASLIEST IN 32 YEARS, SURVEY FINDS

Thanks in large part to the hit companies are taking from the current
financial crisis, millions of U.S. workers will find their 2009 pay
raises are less than 3%, the lowest average in 32 years.

LIQUIDATION OF MADOFF SECURITIES FIRM UNDER WAY

Bernard L. Madoff Investment Securities LLC will be liquidated to try
to salvage some money for the brokerage firm's customers, the
Securities Investor Protection Corporation says.