Posted by Jonathan Kostyra on Thursday, August 28th, 2008 at 1:34pm.
Well there is more flowery news out today. One: Revised estimates of the Gross Domestic Product, a measure of an economy's growth, reveal the economy grew by a rather warm 3.3 annual pace compared with forecasts of only 1.9 percent. The unexpected growth is due apparently to a surge in US exports, which has been helped by a weaker dollar making US products less expensive overseas. Jobless claims also fell to 425,000 last week, still higher than the average last year, but nonetheless, good news. Finally, analysts believe Fannie Mae's reseves are better than expected and there may be no need for a government bailout anytime soon.
Photo take beneath the Peace Center in Downtown Greenville.