Thursday, May 1, 2008

AP Photo/Harpo Productions, Inc., George Burns

Quote for the day:

"I think my real competition is the beaver."

- David Blaine, before breaking the world record for breath-holding with a time of 17 minutes and 4 seconds. Beavers can hold their breath for 20 minutes.

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In the news:

Initial unemployment claims increased to 380,000 last week from a revised 345,000. Analysts had expected claims to rise to 360,000 from an initially reported 342,000. The four-week moving average fell to 363,750 from 370,250.

Personal spending rose 0.4% in March (February's gain was 0.1%), exceeding the 0.2% increase expected by economists. Personal income increased 0.3% in March (February's gain was 0.5%), less than the 0.4% increase expected by economists. Adjusted for inflation, personal income was flat from the previous month, and personal spending was up only 0.1%.

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