Court refuses to reconsider pledge ruling in school case
In a Friday decision the 9th U.S. Circuit Court of Appeals refused to rehear its 2-1 ruling that reciting the Pledge of Allegiance with the words under God in public schools violates church state separation. The panel urged possible Supreme Court review. Ashcroft condemned the decision but did not commit to an appeal. The case, brought by Michael Newdow, could affect nine Western states and millions of students.
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FDA mulls ephedra ban with warning labels plan
The FDA moves toward possible ephedra prohibition by proposing strong warning labels on all bottles by year end. Despite at least 100 deaths linked to use, regulators say proof is not yet strong enough for a ban under 1994 law. Health secretary Thompson warns the story is not finished.
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Stocks post third straight monthly loss amid war jitters
Investors wavered between fears of war with Iraq and upbeat data as markets closed higher in the final minutes but still logged a third consecutive monthly decline. Dow fell about 2 percent and S&P 1.7 percent in February while Nasdaq rose 1.3 percent. GDP grew 1.4 percent in Q4, offering cautious signs of recovery despite uncertainty.
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Grain futures ease losses as Chicago prices edge higher
Wheat futures for March rose 3% to $3.12 1/2 a bushel on the Chicago Board of Trade closing Friday. March corn gained 1 cent to $2.31 1/2 a bushel and March oats rose 1 cent to $2.21 a bushel while March soybeans fell 4 1/2 cents to $5.77 a bushel.
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Chicago
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Eastern Cornbelt hog market slips across weights at Stockyards Springfield
Eastern Cornbelt carcass prices closed weak to 0.50 lower with 0.5 to 0.9 inch backfat ranges from 45.00 to 47.58. Today's Illinois direct hog purchases totaled 18 711 with steady demand and light-to-moderate offerings. Lows posted for various weight classes with 300 400 lb animals at 18.00 to 21.00 and boars 18.00 to 23.00 under 300 lbs and 4.00 to 6.00 over 300 lbs.
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