Consumers' mood suffers record drop in October: survey (Reuters) and Bush: Credit thaw 'going to take awhile' (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 10/17/2008 - Economy industry alert provided by U.S. Equity News. NEW YORK (Reuters) - Consumer confidence suffered its steepest monthly drop on record in October, a survey showed on Friday, as the worst financial crisis since the Great Depression sent shocks waves through the economy.
The Reuters/University of Michigan Surveys of Consumers said its index of confidence plummeted to 57.5 in October from 70.3 in September."Consumer confidence in early October registered its largest monthly decline in the history of the surveys," the report said.The index is now at its lowest since June this year. [Read the full article]


WASHINGTON (AP) -- The government's drastic economic rescue efforts will eventually pay off, President Bush insisted Friday, offering calming words to anxious Americans but no suggestion of a quick revival as Wall Street braced for another wild day.
The economy didn't falter overnight, "and it's going to take a while for the credit system to thaw," Bush said just before the markets opened, speaking across a park from the White House at the U.S. [Read the full article]

LITTLE ROCK, Ark. (AP) -- The nation's financial crisis offers a reminder that Arkansas must improve its work force to stay competitive, Gov. Mike Beebe said at a summit on the state's education and economic development efforts.
"If anything, the events of the past month have underscored the urgent need for action," Beebe told a crowd of about 1,400 Thursday at the Statehouse Convention Center in downtown Little Rock. [Read the full article]

DANVILLE, Ky.--(BUSINESS WIRE)--CKF Bancorp, Inc. (OTCBB:CKFB - News), parent company of Central Kentucky
Federal Savings Bank, reported a consolidated net loss of $915,143 for
the three months ended September 30, 2008 compared to a gain of $251,653
for the three months ended September 30, 2007. The diluted loss per
share was $.72 for the three months ended September 30, 2008 compared to
diluted earnings per share of $.19 for the three months ended September
30, 2007. [Read the full article]

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