Housing rebounds as factory output slips in March
The Commerce Department reports housing starts rose 6.4 percent to a seasonally adjusted rate of 2 million in March, while overall industrial output edged down 0.2 percent after prior gains. Utilities fell 2.3 percent, mines slipped 0.3, and the Dow rose 54.51 to 10,451.97 as Fed rate expectations mix with housing optimism.
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White House gardens open for annual public tours
First lady Laura Bush spoke from the East Garden recounting the heartache after the Sept. 11 attacks and the comfort the White House grounds provided President Bush. About 12,600 tickets will be issued for weekend garden tours marking the historic, continuously maintained landscape. The piece notes the garden’s origins from John Adams to John Quincy Adams and Jefferson’s planting plans.
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Greenspan urges restoration of trust in corporate America
Greenspan called for renewed faith in corporate America after scandals showed laws failed to curb bad conduct. He warned that investor distrust could undermine U S financial markets if firms do not earn customer trust and improve dealings. remarks were delivered by satellite to a Sea Island conference.
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