Consumer spending plunges 0.7 percent in June
Washington reports a 0.7 percent drop in consumer spending for June as Energy prices and a slow job market restrain purchases. Incomes rose 0.2 percent, economists foresee July rebound. Dow slips on weaker data and oil rise. Greenspan warns softness may be short lived amid 3 percent Q2 growth.
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Commerce Department
Lynn Reaser
Banc of America Capital Management
Wall Street
Dow Jones
United States
Federal Reserve
Alan Greenspan
Congress
Greenspan
Ken Mayland
ClearView Economics
Merrill Lynch
David Rosenberg
Government still trying to understand terrorist threat to financial centers
Authorities acknowledge they still lack key details on possible plots targeting U S financial institutions. Investigators review documents and photos from Pakistan while agencies debate whether the material signals an actionable plan or a failed interrupt. Government warns al Qaida patience and history of long lead times before attacks.
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Homeland Security Department
Pakistan
New York
Newark
Bush Administration
al-Qaida
Homeland Security
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Nairobi
Kenya
Osama bin Laden
al- Qaida
U.S
Fallujah Tribal Chief Frees Four Jordanian Hostages
In Fallujah, a tribal chief led a raid that freed four Jordanian hostages held since last week by a group calling itself Mujahedeen of Iraq the Group of Death. The captives were brought to a house on the city edge unharmed after the raid.
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Fallujah
Mohammed Abu Jaafar
Jordan
Ahmad
al-Jazeera
al-Qaida
U.S
Turkey
Truckers Association
Murat ¥ Uce
Sheik Haj Ibrahim Jassam
Jassam
Associated Press
Mujahedeen
Dubai
Middle East
Anderson County incumbents win primary races
Gene Highberger of Westphalia will keep his Anderson County Commission seat after beating Gene Young of Harris 152 to 72. No Republican challenger exists. County Recorder Sandy Baugher of Greeley defeated Fay Velvick of Garnett 628 to 196 and will face Republican Marlene Hermreck of Garnett in November.
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Gene Highberger
Westphalia
Anderson County Commission
Gene Young
Harris
Anderson County Register of Deeds
Sandy Baugher
Greeley
Fay Velvick
Garnett
Baugher
Marlene Hermreck
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