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...Though probably not as remarkable as 2002. The Mortgage Bankers Association of America's report last week of a 6.1 percent dropoff in their index of mortgage and refinancing activity for the week ended Jan. 17, even as mortgage rates continued to fall, suggests that last year's "refi" boom - credited with keeping the country from the economic abyss in a year that could have been much worse - may have peaked...
Using the number of sharks caught on longlines as an index of the number surviving in the wild, the Dalhousie team came up with some alarming figures. From 1986 to 2000, nearly all shark species may have declined at least 50%, with the populations of some approaching collapse. Tiger-shark populations are down 65%, the legendary white shark has fallen 79%, and the hammerhead is in the worst shape of all, down a staggering...
...France, the consumer outlook has held steady. But spending in November declined 1.7% from the previous month, so analysts are anxiously awaiting December results. German consumers have already surrendered. According to retail giant Metro, 2002 was the worst year for German stores since World War II. The consumer sentiment index has dropped to the same level as in recessionary years 1993 and 1996. Nor is Britain insulated from uncertainty. Over the past two years, consumer spending has been buoyed by the country's strong housing market, and from April 2001 to April 2002 - when monthly same-store sales grew...
...Percentage decline of the Standard & Poor's 500 index in 2002, the worst annual drop since...
...Number of years since the previous time the index fell for three straight years...