March 29, 2017

Archives for April 2011

Alabama Tornado Outbreak Footage

On Wednesday, April 27th, a deadly outbreak of tornadoes stormed across the southeast, resulting with deaths in seven different states, including: Alabama, Mississippi, Louisiana, Arkansas, Tennessee, Georgia, and Virginia. Alabama was hit the hardest, with a death toll of 255 as of Saturday. The death toll throughout the region stands at 356 individuals. This is […]

Economic Growth Decelerates in 1st Quarter

During the first quarter of 2011, the US economy recorded positive growth, yet the rate of growth decelerated and was relatively sluggish. Total output of the US economy grew at an annual rate of 1.8% in the first quarter, according to the advanced estimate of the gross domestic product [.pdf] released today from the Bureau […]

Property Values Continue Descent

During February, residential home values declined 1% in the twenty largest metropolitan cities, according to data [.pdf] released today from S&P. This is the seventh consecutive month with a reduction in home prices. All twenty of these cities recorded monthly declines, excluding Detroit, with fourteen of these cities declining 1% or more. The greatest monthly […]

Home Sales Slightly Rise in March

After new home sales recorded an all-time low in February, new home sales increased 11.1% during March, according to data [.pdf] released today from the Housing Department and Census Bureau. Despite this slight increase, the amount of new home sales during March rank seventh among the ten lowest months of home sales since record keeping […]

Senator Resigns to Avoid Testimony

On Thursday, April 21st, Senator John Ensign (R-NV) announced his resignation from the Senate effective May 3rd, which is only one day before the Senator is scheduled to testify in an investigation before the Senate Ethics Committee about the legality of a $96,000 payment to the family of his former lover. Ensign, whose been married […]

Housing Construction Ticks Up in March

During March, construction of new homes increased 7.2%, according to data released today [.pdf] from the Housing Department and Census Bureau. The annual rate of housing starts in March totaled 549,000, compared to a revised rate of 512,000 in February. Despite this modest increase, a broader comparison shows the construction rate of new homes in […]

Evidence Builds Against Big Banks in Financial Crisis

Over two years after the sudden fallout of the financial markets in late 2008, the government still has not brought a criminal charge against any individual or business for a role in the crisis. Some argue the financial system itself collapsed and no individual or business committed any crimes, but a bipartisan Senate subcommittee report […]

US Prices Continue to Rise in March 2011

During March, the US economy continued an upward pattern in the prices for common goods. The consumer price index, a key indicator for adjustments in the prices of goods or inflation, rose 0.5% during March, according to statistics [.pdf] released today from the Labor Department. This marks the ninth consecutive month with an increase in […]