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The economy: Fighting backPosted Friday, April 25, 2008, at 2:33 PM
Seems like it's been nothing but dire economic news the past few days.
*Some Asian countries are cutting back or eliminating shipments of rice to the United States, according to NBC News. Meanwhile, other foods are being cut back and rising fuel prices affect prices of American-sourced food.
*Some auto dealers are refusing to accept large SUVs as trade-ins, while those which do can't sell them.
*And gas prices just go up and up.
*Home foreclosures seem to be escalating. I've never seen so many at one time as we now have in the T-G's print editions.
Most of these problems can be traced back to either Big Oil's greed or loans being given to people who had little hope of making the payments long-term.
I'm not sure what the solution is. But I'm beginning to pay closer attention to prices of what I buy.
How are you dealing with this economic crunch or what, if anything, are you cutting back on?
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David Melson is a copy editor and staff writer for the Times-Gazette.
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