12:02 Philadelphia March Fed New Orders Index 13.2 vs. Feb. 11.7
Philadelphia Fed Manufacturers Report Slower Activity
PHILADELPHIA, March 17 /PRNewswire/ -- Federal Reserve Bank of Philadelphia today issued the following:
Activity in the region's manufacturing sector continues to expand, but at a slower rate than in February. Indicators for general activity, shipments, and employment show a more moderate pace of growth. Firms continue to report a rise in prices for inputs and for their own finished goods, although the survey's price indicators have moderated from recent highs. The region's manufacturing executives were slightly more optimistic this month than in February.
Manufacturing Expansion Continues
The diffusion index of current activity, the broadest measure of manufacturing conditions, decreased from 23.9 in February to 11.4 in March. This is its lowest reading in 20 months…
Fannie Mae says will file late annual report
WASHINGTON, March 17 (Reuters) - Fannie Mae on Thursday said it will not file its annual financial report on time with securities regulators, the latest disappointment for the embattled mortgage giant as it faces federal probes into accounting problems.
Fannie, in a filing with the U.S. Securities and Exchange Commission, said it has not completed financial statements for 2004. -END-
Jesse on why we need to cut back on Social Security:
We need to increase our payments to corporate welfare.
"A Halliburton subsidiary, Kellogg, Brown and Root, faces a number of investigations for overcharging, including one case where it charged the Army more than $27 million dollars to transport $82,000 worth of fuel from Kuwait to Iraq, according to excerpts of the report released this week by Rep. Henry Waxman (D) of California.
In a written statement. Halliburton defended the cost, explaining that delivering the fuel was "fraught with danger."