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Preliminary Analytics | 08.13.09

clunker.jpgRetail Sales Dipped in July Despite Clunkers Program – “U.S. retail sales unexpectedly fell in July despite the debut of the government’s ‘cash for clunkers’ program meant to jump-start the auto business and help turn around the economy.” [WSJ]
France and Germany exit recession – FTW. [BBC]
U.S. Initial Jobless Claims Increased to 558,000 Last Week – “Applications rose to 558,000 in the week ended Aug. 8 from a revised 554,000 the week before, the Labor Department said today in Washington, while staying under 600,000 for a sixth time. ” Under 600k? Does that mean the recession is over? [Bloomberg]
Cheney Uncloaks His Frustration With Bush “[Bush] showed an independence that Cheney didn’t see coming.” [Washington Post]
Ex-AIG CEO, others to pay $115 million to settle lawsuit: source – Tough month for Hanky [Reuters]
UBS shares climb further on U.S. tax case deal – Closure helps. [Reuters]