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Friday, March 28, 2008
News News Roundup, 3/28/08
Posted By Charity Frederick on Fri, Mar 28, 2008 at 12:54 PM
Consumer spending barely budged in February: With the dramatic rise in living expenses, it’s no wonder that American consumers turned in the worst spending in 17 months this past February. The Commerce Department said Friday that consumer spending edged up by just 0.1 percent last month, the poorest showing since September 2006. “Consumers are facing bad news on all fronts,” said Nigel Gault, an economist with Global Insight. “Food and energy prices are climbing ever higher, the labor market is slowing, credit is becoming tighter and household wealth is declining as house prices drop.” Economists fear that the “rough patch” we are in now could turn into full-blown recession.
Full Story: MSNBC.com
Obama: Had Wright not retired, I'd have left church: In the middle of the fight of his life Barack Obama has said in an interview to be aired Friday that he would have left his church if his pastor were not retiring. The scandal about Sen. Obama’s preacher and spritual advisor broke two weeks ago, causing the front-runner in the democratic bid for the presidency to come under some harsh fire. Obama acknowledged that statements made by Rev. Wright “deeply offended people.” In an excerpt from the interview Obama said ,"Had the reverend not retired and had he not acknowledged that what he had said had deeply offended people and were inappropriate and mischaracterized what I believe is the greatness of this country, for all its flaws, then I wouldn't have felt comfortable staying there at the church," the senator said.
Full Story: CNN.com
'Suicide pact' survivors face murder charges: Yesterday, in a house on Oglethorpe Lane in Union County three women entered into a suicide pact. In the end one was dead and the remaining two are facing first-degree murder charges. The three Union County women, Linda Kinschasa Maples, 27, Deborah McCord Gibson, 45, and her daughter Jennifer Ashleigh McCord, 23, were under investigation for a prescription forgery case, according to Monroe police Chief Debra Duncan. Deborah McCord Gibson, the only women to die yesterday, entered into the suicide pact with her daughter and Maples for a mysterious reason that has baffled detectives.
Full Story: Charlotte.com
Iraq extends Shia arms deadline: Intense fighting in Basra has led to the death of 130 people in the Southern Iraqi city. Prime Minister Nouri Maliki has personally overseen the battle in Basra, which has included 30,000 troops and police fighting the Mehdi Army, led by radical Shia cleric Moqtada Sadr. Last night U.S. forces joined in bombing Shia positions. Speaking in Geneva, the International Committee of the Red Cross, Unicef and the International Organization for Migration (IOM) called on all the warring parties to allow the passage of food and medical supplies. President George W Bush has praised Mr. Maliki's crackdown, saying "normalcy" was returning to Iraq.
Full Story: BBC.co.uk
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