Poverty rate holds at 15 percent despite income drop
The Census Bureau reports 2011 U S poverty at 15 percent, unchanged from 2010, with median household income slipping 1.5 percent to 50054. About 46.2 million people lived below the poverty line, the highest since records began. New Mexico led states at 22.2 percent, while New Hampshire was lowest at 7.6 percent. The White House urged continued policy action to aid the middle class and the poor.
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New York to limit sugary drinks to 16 ounces
New York City health officials plan a 16 ounce cap on sodas and sugary drinks in eateries. Experts say success depends on broader cultural shifts and public awareness, likening it to the long-term fight against smoking.
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iPhone 5 debut taller screen clears path for LTE
Apple unveiled the iPhone 5 featuring a 4 inch display and lighter, thinner body utilizing new screen tech. It will launch in the U.S. and eight other countries on September 21 with LTE capability and expansion to 22 more markets a week later. Analysts expect tens of millions in sales this year amid supply concerns.
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Kansas crops forecasted to shrink to 2006 lows
Kansas Agricultural Statistics Service on Wednesday forecast corn for grain output at 382.2 million bushels, down 2 percent from August and 15 percent below last year, with an average yield of 91 bushels per acre from 4.2 million harvested acres. Soybeans are projected at 70.4 million bushels.
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Markets Hatched Mixed Close on Wednesday
The Dow rose to 13,333.35 while Nasdaq stood at 3,114.31 and the S&P 500 reached 1,436.56. Commodities moved with corn at 7.70 dollars per bushel, soybeans at 17.46 per bushel, wheat at 9.04, oil at 97.01, gold at 1,733.70, and silver at 33.29 per ounce.
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Sebelius Violated Hatch Act in North Carolina Speech
The Office of Special Counsel found Health and Human Services Secretary Kathleen Sebelius violated the Hatch Act by political remarks in an official speech to the Human Rights Campaign in North Carolina. She endorsed Obama for re election and a Democratic candidate for governor, later rescinding the endorsement.
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