NATION 9
THE BATTALION Tuesday, September 30, 2003
8
otember 30, 2003
;s (price must
ersonal possessions
em doesn’t sell,
ualify for the 5
elled early.
_ ESTATE
up. 2bdrm/1ba house
i, 38K. Won't last. 25S
MMATES
leaded for brand new j;
m. Backyard, pets ok
ithrooms! No bills uni
lonth. Call Derek 525-
eeded. New 4bdrm/3ta
utilities. Call 690-9915
eded. 3bd/2ba house in
O/mo +1/3utilities. Inter-
Please call Sarah 979-
roommate needed!
ter 2bd/2ba furnished
es 979-680-0180.
ded. IbdrnVIba for 3.2
w. $350 first month free,
lace. 575-9049
ded. Available Decern-
furnished apt. @ Ex-
St. $420/mo +1/4bills.
wanted for 3/2 house.
5/mo. +1/3utilities. 979-
ieded. 2/1 Duplex w, ;
9-255-8949.
'2 house, new, fumish-
3 deposit, utilities paid.
led. Country house
s. Pets okay, horse
rin 979-589-2466.
IVICES
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ibee's). Walk-ins wel-
Lowest price by law.
846-6117. Shoirr-up
cleaning. A&M sr.-
available. Chelsea
219-0665. '
est; Hope feegnarci
ration 695-9193, Bryan
ortion Peer Counseling
IS professional repair-
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inabie rates 574-5957
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Consumer spending up
By Jeannine Aversa
THE ASSOCIATED PRESS
WASHINGTON — Flush
with extra cash from tax cuts,
America’s consumers treated
themselves in August and spent
with gusto, good news for the
economy’s revival.
The Commerce Department
reported Monday that consumer
spending increased by a strong
0.8 percent last month on top of
an even bigger 0.9 percent
advance in July as larger pay-
checks and other incentives
from President Bush’s third tax
cut began to take hold.
“Consumer spending turned
in another stellar performance,”
said Wachovia economist Mark
Vitner. “Spending continues to
be bolstered by the recently
enacted tax cuts.”
Americans’ disposable
incomes, or what’s left after
taxes, advanced by 0.9 percent
in August, following a 1.5 per
cent jump in July.
The government attributed
much of the increase in dispos
able incomes in both July and
August to the president's tax
cut, which lowered federal tax
withholdings, boosting people’s
take-home pay and provided
other incentives.
Excluding the tax impact,
disposable incomes increased
by a more modest 0.3 percent in
July and 0.2 percent in August.
Consumer spending accounts
Personal spending
Here is a look at the nation’s
personal spending.
Seasonally adjusted
$7.8 trillion
I Change from
I I previous month
I August 0.8%
6.4 I 1-1- July 0.9%
I June 0.7%
SONDJFMAMJ JA
2002 2003
SOURCE: Department of Commerce AP
for roughly two-thirds of all
economic activity in the United
States. Because of that, the
behavior of shoppers is a major
factor in shaping the economy’s
recovery.
Many analysts believe the
economy is growing at a rate in
excess of 5 percent in the cur
rent quarter and should maintain
growth above 4 percent in the
Final three months of the year.
That forecast, if it proves to
be correct, would represent the
strongest back-to-back growth
rates since the last two quarters
of 1999.
Still, analysts caution that they
have predicted second-half eco
nomic rebounds for three years
that have failed to happen as con
sumers and companies grew cau
tious — concerned about their
own financial situations as well as
the economy’s future.
Thus far, those positive fac
tors are helping to offset the
negative impact of a sluggish
job market. In August, business
es slashed jobs for the seventh
month in a row. And, more
recently, claims for unemploy
ment benefits have remained
stubbornly high.
Consumer spending on
“durable” goods — costly man
ufactured products such as cars
and appliances, went up by 2.8
percent in August, following a
3.3 percent increase in July.
Spending on “nondurables”
such as food and clothes, rose by
0.9 percent for the second straight
month. For services, spending
increased by 0.3 percent in
August, after a 0.5 percent gain.
Because disposable income
growth outpaced spending, the
nation’s personal savings rate, or
savings as a percentage of after
tax incomes, rose to 3.8 percent
in August from 3.6 percent in
July. August’s saving rate marked
the best showing since February.
Amid signs that the economy
is picking up speed, the Federal
Reserve earlier this month
decided to hold a key short-term
interest rate at a 45-year low of
1 percent and hinted that the rate
could stay there for some time.
NEWS IN BRIEF
Mail-order drugs
found to violate law
WASHINGTON (AP) —
Nearly 90 percent of the
imported mail-order drugs
stopped at the borders in a
special crackdown by govern
ment agents were potentially
dangerous, the Food and Drug
Administration said Monday.
Of 1,153 imported drugs col
lected by FDA and Customs
agents, 1,119 were illegal.
They included drugs that have
been withdrawn from the U.S.
market, animal drugs never
approved for humans, coun
terfeit drugs, drugs with dan
gerous interactions and nar
cotics, officials said.
The drugs were collected at
international mail arrival cen
ters in New York, Miami, San
Francisco and Carson, Calif.
Imported drugs have become
a hot political issue in recent
years with many Americans
seeking lower-cost products
from foreign sources. Buying
drugs from Canada is particu
larly popular because U.S.-pro
duced drugs cost less there.
V.
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World of Islam
Cultural Display & Buffet
Monday, Sept 29 MSC 22611 a.m.-3 p.m.
jdkL.
Deeper Roots: History of Muslims in America
Lecture by Dr. Ihsan Bagby
Tuesday, Sept 30 MSC 226 7:30 p.m.
Women in Islam: Oppression or Empowerment?
Lecture by Fatimah Bhutan
Wednesday, October 1 ZACH102 7:30 p.m.
'miMim' ' -liflilsw
W
Muhammad: Man & Myth
Lecture by Mutahhir Sabree
Thursday, Oct 2 MSC 226 7:30 pm.
:; tr
Mosque Open House
Saturday, Oct 4 417StasneySt 10am-4pm
Muslim students’ Association
http//nMtamaJu
Attention /V11 Students:
General Academic Programs
is moving!
New location is in the former
General Academics is the home office of approximately 3,500 Aggies in General Studies,
Aggie Access, Blinn Team, Gateway, and Reload.
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Northgate
601 University Dr.
979-846-3600
Post Oak Square Center
100 Harvey Rd., Suite D
979-764-7272
Rock Prairie
1700 Rock Prairie
979-680-0508
OPEN
LATE
Sunday: 1 1 a.ran. - midnight
Monday - Wednesday: 11 a.ran. - 1 a.m.
Thursday: 11 a.an. - 2 a.rara.
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