Almost a year ago, the sounds of gunfire and terror rang out from a part of the Mount Carmel community. Last Friday evening, the sounds heard were that of remembrance, uplifting words and songs. And hope. Some 40 persons came to the McConnell Auditorium on the campus of Mount Carmel High School for a memorial service, called “Light of Hope.” The service honored the memory of the five persons who died in a shooting spree in a trailer park on Route 541, just a half-mile away from the school.
Originally published on Wed August 31, 2011 3:40 pm
The casino arson last week in Monterrey in which 52 people were killed really put a face on just how serious the drug violence in Mexico has become. Police believe that arson was likely the result of extortion.
The Justice Department filed suit Wednesday to block AT&T's proposed takeover of T-Mobile. Officials say combining the country's second- and fourth-largest mobile phone carriers would be bad for competition. The $39 million deal has been under scrutiny from lawmakers and consumer groups. And the No. 3 carrier, Sprint Nextel, objects to the merger.
With the U.S. economy stuck in neutral, analysts are busy adjusting their forecasts to include the possibility of another recession. Most aren't predicting another downturn, they're just saying that the odds have increased.
Meanwhile, policymakers at the Federal Reserve are divided about what to do next. Some are arguing for more aggressive action while others think that would be a mistake, according to minutes from their last meeting released on Tuesday.
Both the Fed and Congress are running out of ideas that they haven't already tried.
"At least $31 billion, and possibly as much as $60 billion, has been lost to contract waste and fraud in America's contingency operations in Iraq and Afghanistan," the independent and bipartisan Commission on Wartime Contracting in Iraq and Afghanistan reported this morning.
That's out of the $206 billion that's expected to have been spent on contracts and grants in those two countries by the end of September, the commission says.