Thankful things to mull over on a holiday weekend.
New home sales rose in October to 495,000, a 10.7 percent increase from the month before. That's a seasonally adjusted annual rate, but nonetheless a healthy sign. Personal income increased $69.1 billion and disposable income rose by $56.8 billion in October, and spending rose by $15.2 billion, according to new government data.
Meanwhile, total output -- Gross Domestic Product -- in the nation during the third quarter rose by 2.1 percent. Corporate profits, however, dipped to $22.7 billion in the three months that ended Sept. 30, after rising by $70.4 billion in the second quarter.
So overall, the American economic outlook seems healthy. Give thanks for that.
Here's something from the resident eagle-eyed copy editor, who saw this on the NY Times Online web site Thanksgiving eve:
"Turkey shoots down Russian warplane."
I picture a giant bird with an AK 47.
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