August 2008
Las Vegas Business Press (10712186);8/4/2008, Vol. 25 Issue 31, pP15
This section offers business news briefs in the U.S. as of August 2008. It reports that the S&P/Case-Shiller Home Price Index declined by 15.8 percent in May, while the Conference Board's consumer confidence index rose to 51.9 from 51 in June. The International Monetary Fund (IMF) believes there is no end in sight to the housing recession and warns that deteriorating credit conditions may prolong a period of slow economic growth. The Federal Reserve has decided to extend its emergency lending programs to the securities industry until January 2009.


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