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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 12, 2022
Page
8
The Federal Reserve wraps a two day meeting with an economic update indicating an initial rate rise to curb sharply rising consumer prices. Inflation runs at its fastest pace in four decades, stressing household budgets despite higher wages.
FedEx Corp plans to report its fiscal third quarter results on Thursday. Wall Street expects earnings and revenue to rise from the prior year quarter, signaling a rebound after flat second quarter earnings and a first quarter profit decline.
The National Association of Realtors released its latest monthly snapshot Friday signaling a slowdown in existing home sales to a seasonally adjusted annual rate of 6.1 million. In January the pace was 6.5 million as many buyers paid cash or moved quickly to dodge higher mortgage costs.
Stocks closed broadly lower on Friday after giving up early gains, as Wall Street faced a week of volatility driven by Ukraine war concerns and rising inflation. The S&P 500 logged a fourth straight weekly decline amid uncertain outlooks and regulatory scrutiny from Europe over online display ads. FedEx Express appoints Richard W. Smith to become president and CEO, succeeding the retiring Donald F. Colleran.
Lawrence-Douglas County Public Health urges residents to follow CDC guidance and get vaccinated. Vaccinations and boosters are given at the Community Health Building at 200 Maine St. Adults and eligible children may register at ldchealth.org/getmyvaccine or call 785-843-0721 for help. COVID testing locations are listed online, with KDHE operating a site at 1540 Wakarusa Dr. Hours are 8 am to 5 pm, Monday through Friday.
Plaintiff Ricard sues the school board Fort Riley Middle School principal Kathleen Brennan and Superintendent Reginald Eggleston alleging district actions violated her First Amendment rights to free speech and religion due process and equal protection. Attorney Josh Ney notes the suit argues teachers cannot be forced to promote gender fluidity or broad pronoun categories without due process. Ricard seeks dismissal of disciplinary record and nominal damages.
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