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Carl Stewart
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HOME SALES SOAR: Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans — unable to find existing homes — are turning to new construction. Damage from last month’s hurricanes may have also inflated the data. New home sales leapt 18.9 percent in September to a seasonally adjusted annual rate of 667,000, the most in a decade, the Commerce Department said Wednesday. Sales rose in all regions including the South, where they increased nearly 26 percent. The government said it couldn’t estimate what impact, if any, last month’s hurricanes had on the data. But the measure of new home sales is based on contract signings, so the number was likely lifted by those looking to replace homes destroyed or damaged by Hurricanes Harvey and Irma. “This is yet another sign that, as we first saw with the initial jobless claims data, the recovery from Harvey was very fast and the disruption from Irma in Florida was far less than initially feared,” said Stephen Stanley, chief economist at Amherst Pierpont Securities.
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The amazing Stanley Jordan.... Saw him live here in SA many years ago... https://www.youtube.com/watch?v=NeooHiX4oH0
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"A nation's strength ultimately consists in what it can do on its own, and not in what it can borrow from others."
Indira Gandhi, 1970
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"We must all hang together, or assuredly we shall all hang separately."
Benjamin Franklin, 1776
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"The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves"
Abraham Lincoln, 1854
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"The secret of success is constancy to purpose."
Benjamin Disraeli, 1872
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"If a man hasn't discovered something he will die for, he isn't fit to live."
Martin Luther King, Jr., 1963
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Mortgage rates dip: Mortgage rates seem to be stuck in a holding pattern as they hover near yearly lows. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 3.9 percent with an average 0.5 point. It was 3.91 percent a week ago and 3.56 percent a year ago. The 15-year fixed-rate average slid to 3.17 percent with an average 0.5 point. It was 3.18 percent a week ago and 2.83 percent a year ago. The five-year adjustable rate average dipped to 3.14 percent with an average 0.5 point. It was 3.15 percent a week ago and 2.74 percent a year ago.
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"To believe all men honest would be folly. To believe none so is something worse."
John Quincy Adams, 1809
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Well, alrighty then........"The vice president has two duties. One is to inquire daily as to the health of the president, and the other is to attend the funerals of third world dictators."
John McCain, 2000
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