Growth likely slowed as fuel costs Rose: overview of the U.S. economy

April 24, 2011, 12: 22 EDT by Timothy r. Homan

April 24 (Bloomberg) — the economy The us probably grew at a slower pace in the first quarter as a jump in the price of gasoline caused consumers to cut, economists, said that a report this week will show.

Gross domestic product grew at a 1.9% annual pace after increasing at a rate of 3.1 per cent in the previous three months, according to the median estimate of 66 economists surveyed by Bloomberg News prior to April 28 report of the Ministry of trade. Other data may show business investment remains a pillar of economic recovery, while real estate prices fell.Reserve Federal decision makers, when they meet this week, say likely that they will complete the second round of stimulus 600 billion, as expected, through the end of June to help support the recovery. Although companies such as General Electric Co. and Apple Inc. are among the beneficiaries of its expenditures of material gains and software, households are feeling the pinch of food higher and fuel prices. "" The economy has hit a bit of a soft patch, "said Ryan Sweet, a senior economist of Moody Analytics Inc. in West Chester, Pennsylvania). "If we continue to get these sharp at the pump breaks, which will be a major success with consumers." It is a point of no return for consumers. "The estimate of GDP is the first of three for the quarter, with the other versions planned for may and June, when more information becomes available.CoolsHousehold purchases, which represent approximately 70% of the largest economy in the world, spending increased at an annual 2.1% pace a gain of 4 per cent in the last three months of 2010, the best performance in four years, according to the survey median.Of the higher prices for the products of first necessity such as food and energy can could hurt to spend on less essential items. The cost of a gallon of regular gasoline rose 18 percent in the first three months of the year, according to AAA, the nation more great motoring organization. The price rose another 6 percent so far this month, reaching $3.85 a gallon on 21 April, the highest since September 2008.Prices for all goods and services pink last quarter to a 2.4% annual pace, the biggest gain in more than two years, economists expected that GDP will also show.U.S. manufacturers are perform better than consumers as the increase in demand from emerging countries like China supplements gains in business spending. "" Good form ""We are really good form to accelerate the growth of industrial revenues", Jeffrey Immelt, chief executive officer of GE based in Fairfield, Connecticut, said on a conference call last week. "All the precursors are in place: good equipment levels, the growth of good backward, levels of good service, international growing two numbers and we invest to build a competitive advantage."Orders for durable goods increased by 2% in March after a decline of 0.6 per cent the previous month, economists forecast the Commerce Department figures will show April 27. actions of manufacturers of machines exceeded the broader market since the beginning of the year. The Standard & Poor Supercomposite machines Index rose by 9.8% compared to a 6.3% increase for policy makers of S & P 500 Index.Fed, in two days of meetings beginning on April 26, are likely to confirm that they will complete a program of the Board of Treasury purchase of 600 billion as scheduled at the end from June, according to economists like Neal Soss, Chief Economist at Credit Switzerland in New York. S. Ben Bernanke, President will hold his first press conference, after the Declaration of the Central Bank on 27 April, giving him the opportunity to discuss his next steps.Home PricesHousing continues to fight as mount seized. Home prices in 20 cities for the 12 months through February fell 3.3%, the largest decline since November 2009, according to the Bloomberg survey. The S & P/Case-Shiller index is due on 26 April sales of new homes, due tomorrow of the Department of trade, rose 12 per cent for a 280 000 annual pace in March, according to economists surveyed by Bloomberg. Purchase of 250,000 of February of the pace is at the lowest data dating back to 1963.Pending sales or contract for existing houses, rose 1.7 percent in March after an increase of 2.1 percent the prior montheconomists forecast, the National Association of Realtors will report on April 28. gains in employment, with higher stock values, are outweighed by the increase in the price of gas and the decline in home values when it comes to measuring the attitudes of consumers.The Thomson Reuters/University of the final index of Michigan for April, due April 29, is expected to climb up to 70 of 67.5 at the end of March, according to economists surveyed. The Conference Board, based in New York on 26 April can present its gauge of confidence rose to 64.5 of 63.4 last month, the survey showed.

-With the help of Alex Tanzi in Washington. Editors: Carlos Torres, Vince Golle

To contact the reporter on this story: Timothy r. Homan in Washington to thoman1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz in Washington to cwellisz@bloomberg.net

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Police: 9. set of remains likely found

New: What has accepted that a human skull is itself Monday in Oyster Bay, police SayNEW: a medical examiner tries to determine whether a set of remains of HumanNEW is: a county of official says, "we want courts to bring this animal" 5 miles from where the findings are about 8 other human remains FoundTune in, "Nancy were grace" this evening at 8 ET on HLN for the latest developments in this case.

New York (CNN) - police found a human skull Monday on the outskirts of a bird sanctuary in long said what seems be a county of police officer, Iceland, New York, potentially, a suspected serial killer discovered the ninth set of remains in the probe.

According to Kevin Smith of the Nassau County Police Department said that the skull was found around 3:30 pm in Oyster Bay. About four hours before, a New York State police officer and his Cadaver Dog discovered another set of remains a mile away and a half and authorities worked to determine whether these remains are human.

These findings come on the first day, young women explore the death of several authorities searched for evidence in and around Nassau County. Since December eight sets of human remains in Suffolk County, discoveries East Nassau County and found about five miles from the pages of Monday's.

"It was very surprising, all of it has been," Smith told reporters Monday. "It's just incredible that we find these things are." "Of course we have a lot of work to do."

Authorities are working on the assumption that a single person for women is responsible for murders. The five victims so far identified all prostitution services on Web sites like craigslist announced that have police said.

Nassau County Executive Ed Mangano "Collective, we want to bring this animal in court, which obviously took the lives of a number of people", said on Monday.

Authorities would not describe what kind of remains were found on Monday morning, and Smith found the condition of the skull in the individual in the afternoon.

But police have said that the bodies were discovered in various stages of decomposition, including at least one, that as long as two years, had according to Suffolk County Police Commissioner Richard Dormer.

Watch the sister of a missing woman tell their story

The remains were four female body found filled in December in bushes along a quarter-mile Strip on the beach. Last week three corpses were discovered within a few miles of each other, leading to speculation that they might be the work of a serial killer. A woman's body was found March 29 off Ocean-Parkway, West of Cedar beach.

The missing woman, the authorities, the search-24-year-old Shannan Prefecture Gilbert--was asked to start but not identified.

Had added K-9 units and dive teams to the search process in an effort to find Gilbert, in may in the area of Gilgo Beach was last seen.

Search extended for missing women

Gilbert sisters said Shannan was escort had visited a client. They said she ran from the House of the man and called 911, claims that someone is trying to violate it.

Several neighbors called 911 also, say evidence.

The police came more than 30 minutes later, but then Gilbert was over and has never heard of again.

"You want to believe that was all OK with it," said Sherre Gilbert. "But at the same time, so much time has passed, it is impossible to really think that she is still alive."

Sherre Gilbert, although her sister is never found, said the search led to a positive result: the discovery of other women's bodies. CNN's Kaj Larsen, Rupa Mikkilineni and Jen Christensen contributed to this report

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Say Libyans is not likely to arm US 2 Cabinet officials

Secretary of Defense Robert M. Gates made his views for the first time on Thursday in a marathon day certificate known members of Congress. He said the United States should be made on communication, monitoring and other support, but suggested that the Administration had no problem with other countries to help send arms, the rebels, which forces withdrawal was in the last few days under attack by Pro-Qaddafi have.

Secretary of State Hillary Rodham Clinton, which the President in Libya intervention pushed, was described by an administration officials on Thursday as highly cautious about armament the rebels "because of the unknown" about who they were and whether she could have links to Al-Qaeda.

You allow earlier Thursday, the Secretary General of NATO, Anders Fogh Rasmussen told reporters in Stockholm, that he believed that the UN Security Council resolution to authorize the air campaign in Libya not even has individual countries, to prepare the rebels. However, there was considerable disagreement within the military alliance, to arm them including the United States, which can be in fact the position, which has taken the resolution.

In Libya as the opposition forces a careful transfer began withdrawal the an atmosphere of paranoia in the capital Tripoli, after a panic on Wednesday, after the withdrawal of the Foreign Minister, Moussa Koussa.

Fears that the Government could be cracking were if a second top Libyan official, Ali Abdussalam el-Treki, übergelaufen Thursday after Egypt further deepened.

In Washington, the consistent position of Mr Gates and Mrs Clinton seemed a debate within the Administration about the benefits of the United States the arms of the rebels, a different, little known group stump. Publicly, Mr Obama has only said that he still weigh is what to do. France is the only State that said that you intended, forces deliver weapons, the anti-Qaddafi.

"What needs the opposition like all now some training, is some command and control, and some organization," armed services Committee in a morning session said Mr Gates members of the House. "It's pretty much a pickup ball game at this point."

But, he said, training and weapons is "not a unique function for the United States, and as far as I'm concerned, someone else can do."

Mr Gates told Congress that he bet heavily against all American forces in Libya. Asked whether it would be American "boots on the ground" - uniformed military - Mr Gates quickly replied, "not as long as I am in this job." He refused, address reports that the Central Intelligence Agency after Libya, to collect intelligence for military air strikes and to contact and the rebels veterinarian had sent secret agents.

Mr Gates and Admiral Mike Mullen, the Chairman of the Joint Chiefs of staff, summoned, in highly politicized testify atmosphere on Capitol Hill, where members of both parties with them either "Mission Creep" in Libya or does go not enough.

Many demanded to know how the conflict would end, and others warned the Administration, saying that it had gone without congressional approval for the war.

Still others said the President had said not the public the truth about the operation. The White House describes it as a humanitarian mission to protect of the Libyan civilians, but it has raised strafing more than 200 Tomahawk cruise missiles in Libya and the bombing and of the United States involved in and Allied aircraft of Colonel Qadhafi's forces ground.

"These are the fighting," said Representative Mike Coffman, Republican of Colorado, while in the morning. "I don't know why this Administration has been not honest with the American people, that this is about regime change."

He concluded, "This probably in U.S. military history is only the most muddled definition of an operation."

Senator John McCain, Republican of Arizona, was the first in the offensive in the afternoon, charge that the Administration with which go away from the conflict now, military support behind NATO will be that it said the United States in a role.

What does this mean, Admiral Mullen told Mr. McCain and the rest of the Senate Armed Services Committee, that the United States no more airstrikes in Libya, when will perform is called for by NATO.

"This would be a profound mistake with potentially disastrous consequences," Mr. McCain said. He said that withdrawing the muscle of the American military oust alignment policy goal with Mr Obama was Colonel Qadhafi.

"Hope is not a strategy," said Mr McCain, "and it will not affect certainly, armored units".

Mr Gates, ideologically all day found himself in the difficult position of having to defend a military action, the he unwillingly in were received in the first place.

Steven Lee Myers contributed reporting.

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