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Originally Posted by alpha phi
Blah...blah...I've heard the same about FOX news from the other side.
Disagree with the organization, and even the truth is false.
If we could take the partisan blinders off and look around
we would see that the truth is some where in the middle.
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Comparing truthout to fox news? The UCLA study cited in this forum had fox news as 'balanced' I wonder if the same can be said for truthout? (Ok thats a lie, I don't wonder
) Reguardless I've already shown where one part of the article is false, I don't have time to check every part, but as you found out with durable goods, a little research goes a long way to change ones assumptions.
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durable goods
Definition
Products that aren't consumed or quickly disposed of, and can be used for
Three years or more. also called hard goods.
This can be millitary or civilian.
Aparently the jump was due to Boeing sales (commercial not defence)
while all others were down.
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Quote:
Durable goods orders surge
Aircraft jump a catalyst for 4.4% November gain, the largest since May; results top expectations.
WASHINGTON (Reuters) - New orders for U.S.-made durable goods surged a much larger-than-expected 4.4 percent in November on a jump in civilian aircraft but non-transportation orders slid as defense outlays tumbled, a government report showed Friday.
It was the largest rise in overall durable goods orders since May. Economists had forecast orders for these expensive items built to last three years or more to rise 1 percent and had looked for orders outside transportation to climb 1 percent.
October orders were revised upward to an increase of 3 percent from a previously reported 2.2 percent gain.
The overall number was boosted by a 133.8 rise in non-defense aircraft and parts. Meanwhile, motor vehicles and parts orders slipped 5.7 percent while defense aircraft and parts orders tumbled 44.3 percent. Defense capital goods orders fell 26.6 percent.
Machinery orders dropped 1.6 percent and communications equipment orders fell 4.4 percent.
Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending, dropped by 2.0 percent.
In a potential harbinger of stronger factory production to come, unfilled orders jumped 3.1 percent, the biggest increase since June 2000 and the seventh straight monthly gain, to a record high $621.8 billion.
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Sort of ironic that defense orders are DOWN don't you think?
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For the year, durable goods orders climbed 10.9 percent on an unadjusted basis after rising 3 percent in 2003 and dropping 1.9 percent in 2002..
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10.9 percent? Not bad growth for the year.