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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 29, 2006
Page
5
The Conference Board said its consumer confidence index rose 4.5 points to 107.2 in March the highest since May 2002. Current conditions rose to 133.3 while expectations climbed to 89.9, even as the Fed signaled higher borrowing costs and stocks cooled.
Georgia moves to authorize state funded elective Bible courses in public high schools, with two curriculum options based on Old and New Testament eras. Experts warn the plan raises constitutional and pedagogical concerns while backing from state officials and supporters emphasizes Judeo Christian heritage.
The American Trucking Associations reports a 2.5 percent drop in the seasonally adjusted truck tonnage index in February. Marten Transport shares slump 15 percent after guiding Q1 earnings to 19 to 22 cents per share, down from 33 cents a year ago, amid weaker demand. Costello notes cautious volumes ahead but not alarming, reflecting broader economy trends.
General Motors announced a round of salaried layoffs affecting fewer than 500 employees at 30 locations across the United States as part of a broader plan to return North American operations to profitability amid slumping sales and rising health and pension costs. The cuts come after a November restructuring and prior buyout offers to hourly workers, with more reductions anticipated as GM targets a 7 percent salaried cut for the year.
Korean War medic and Medal of Honor recipient David Bleak has died at 74 in Arco Idaho. Bleak, a sergeant with the 223d Infantry Regiment 40th Infantry Division, earned the Medal for heroism in 1952 after rescuing a comrade amid close combat and using his bare hands and knife to kill enemy soldiers and shield a teammate from a grenade blast.
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