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outlet metzingen ?Tanzania building collapse death toll rises to 30 The death toll from the collapse last week of a building in Tanzanias largest city rose to 30 early today, according to a government agency statement. Rescue workers have given up hope of finding more survivors after the 16storey building in

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Published: Wednesday 23 October, 2013

geox online shop geox online shop ?stocks fall despite 5



housing construction and wholesale costs were worse than expected.



The Dow Jones industrial average was down 0.61 percent, the Standard Poors 500 was off by 0.47 percent, and Nasdaq dropped 0.26 percent.



The Commerce Department reported Wednesday that housi geox online shop ng starts had fallen 22.5 percent in February to an annual rate of 479,000 unitsthe steepest decline in 27 years. Building permits, which indicate future construction demand, were at record lows, signaling what some analysts said was more underlying weakness in the housing sector. economist for High Frequency Economics, said he believes the numbers may be a fluke because other indicators have been positive. Home builder sentiment has been flat in recent months, but consumer confidence has improved, and payrolls have been picking up, he said.



Surging food prices and energy costs drove wholesale costs in the United States more than forecast last month. The Labor Department said the producerprice index was up 1.6 percent geox online shop from the previous month to the highest since June 2009.



John Ryding and Conrad DeQuadros of RDQ Economics said this number suggests significant acceleration in prices.



We do not buy the Feds reassurance that these pressures will be temporary, and we believe the public, seeing these strong increases in food and energy . will not be marking back down their inflation expectations, Ryding and DeQuadros wrote in a research note.



Analysts are generally predicting that the Japanese earthquake and tsunami will have only a modest impact on the economies of the United States and Japans other major trading partners. But the risk of a significant blow to the world economy has been increasing as Japan struggles to stabilize the nowdangerous reactors.



The economic cost to Japan itself is certain to be massive, tho geox online shop ugh its too early to gauge the exact toll. Estimates of the direct damage the cost of rebuilding homes and factories range from $160 billion to $200 billion.



Early forecasts also predict that the disasters could reduce the nations economic output by half a percentage point this year, an additional $25 billion hit. Analysts say it could be much larger if Japan suffers prolonged power outages or if one or more of the reactors goes into total meltdown. geox online shop

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