David Kern
David Kern
David Kern, an officer of the United States Navy, was the first commanding officer of USS Virginia...
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The manufacturing sector's acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.
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Alleviating the plight of manufacturing, and countering the downward pressures on the economy, are now key priorities.
although confirm earlier establish estimates failing figures half increase minimal output recession revised sector seen spite technical
Although earlier estimates have been revised up slightly, the new figures confirm that the sector was in technical recession in the first half of 2005. In spite of the minimal increase in output seen in July, the sector is persistently failing to establish a sustainable recovery.
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It was real quiet in the locker room at halftime. We knew what we had to do, and we had a little run at the start of the third quarter.