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Spending in U.S. Falls as Sandy Reduces Wages: Economy
San Francisco Chronicle 30 (Bloomberg) — Americans unexpectedly pared spending in October as superstorm Sandy depressed wages, showing the world's largest economy is cooling as lawmakers seek ways to avoid the so-called fiscal cliff. The 0.2 percent decrease in purchases … Sandy Wreaked Havoc on Economy, Slowed US Consumer Spending and Pay US economy grew at 2.7 percent rate in July-September quarter, better than … Consumer spending stumbles in Oct. as income growth stalls |