2011 was the worst year on record for sales of new homes. The dismal year was capped by a drop in home sales in December.
The AP reports:
"The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.
"About 302,000 homes were sold last year. That's less than the 323,000 sold in 2010, making 2011 the worst year on records dating back to 1963.
The new food safety recall for salt really got our attention. How could salt be contaminated with salmonella?
If your blog's named The Salt, you've just got to find out. So we dug into the story, and found that it's a collision of two distressing trends: contamination of herbs and spices, and safety issues with organic products.
Over the past week, 21,000 more Americans claimed unemployment benefits, the Labor Department reports. Like most economic news, that's the bad news. The good news, reports the AP, is the that the four-week average is down 2,500, which "still signals a healthier job market."
The Commerce Department also has some good news on the economy: Orders for durable goods rose 3 percent, last month.
The AP reports that this marks a gain for the second straight month. The AP adds:
As the Republican presidential hopefuls head into their final televised confrontation Thursday night at the University of North Florida in Jacksonville (at 8 p.m. ET on CNN), NPR's Ari Shapiro reports that the debate could sway the outcome of the close race.
The records of outpatients at Upstate University Hospital are entering a new digital world. The hospital has started installing a new electronic medical records program that will among other things, allow patients to access all their medical records on their computers or smartphones. Hospital President Dr. David Smith says this is a transformational moment in medicine.
Usually, there is lots of formality and protocol when a president steps off Airforce One and walks onto a tarmac. But, yesterday, when President Obama landed at the Phoenix-Mesa Gateway Airport, he was greeted by Gov. Jan Brewer and very quickly the welcome turned into a serious and tense discussion.