Orders for equipment, appliances, aircraft and other so-called durable goods fell 4.2 percent in March from February, the Census Bureau reports.
It's the second decline in the past three months and the biggest monthly dip in three years. Much of the drop in March was due to a decline in orders for aircraft. "But companies also ordered less machinery and other equipment, a sign manufacturing output may slow," The Associated Press writes.
Originally published on Wed April 25, 2012 7:40 am
The basketball player formerly known as Ron Artest has been suspended for seven games for swinging his left elbow hard into the head of an opponent on Sunday.
Metta World Peace, as the Los Angeles Lakers forward is now known, will miss the team's last regular season game on Thursday. The Lakers then move into the playoffs, where each round is "best-of-seven." So he could miss most or all of the first round (if the Lakers extend that matchup beyond four games) and even a game or two in the second round (if the Lakers advance after just four or five games).
Back in 1934, veterans of World War I put up a memorial in the Mojave Desert, setting a cross on what's known as Sunrise Rock. Private citizens have always maintained the cross even though it was on federal land. But the memorial has sparked debate for years. According to the Los Angeles Times, the Park Service will give the property to Henry and Wanda Sandoz in exchange for land they own elsewhere.
Originally published on Wed April 25, 2012 10:01 am
A few of the latest developments in the so-called Secret Service scandal, which involves alleged cavorting with prostitutes by agents and U.S. military personnel in Cartagena, Colombia, earlier this month:
President Obama on Wednesday visits students at the University of Iowa, where he'll again make a pitch for low-cost college loans. It's the last stop on a trip that's taken Obama to two other battleground states: Colorado and North Carolina. He's primarily reaching out this week to younger voters.