Good morning. Here's what we're reading this Tuesday:
The Producer Price Index fell in September by 0.6 percent, which means wholesale goods were going for less last month than in August. Compared to this time last year, companies were paying 4.8 percent less for the same stuff. If you're a producer, that's not such great news. If you're working at the Federal Reserve and you're wary of inflation, today's figure is a green light for a keeping interest rates low.
Housing starts showed signs of sagging. They rose just 0.5 percent from August to September.
Americans need to save more and Asians need to start spending, says Federal Reserve Chairman Ben Bernanke. He says Asia appears to be leading the world out of the recession and warns that continued trade imbalances could send us right back to the brink.
Fossil fuels cost the U.S. $120 billion in health damages and early deaths, the National Research Council reports.
President Obama is set to host a Democratic fundraiser in New York City today, and the big banks that got big bailouts are steering clear of the event and its $30,400 tickets. With a 40 percent hike in bonus pay, Wall Street workers are shelling out bucks for fancy steaks and expensive condominiums.
And the New York Times' Andrew Ross Sorkin unveils his new book on the Lehman Brothers collapse with an excerpt in the paper today.







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