Dad Arrested For Taking Daughter’s Phone
Taking away a cell phone away is a common punishment parents use to keep kids in line. However, that punishment got a Monroe County dad arrested. FOX 2’s Jason Carr shows us how he got in trouble, and what he’s charged with.
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Economy shrinks at fastest pace in 26 years
The Commerce Department report released Friday showed the economy sinking much faster than the 3.8 percent annualized drop for the October-December quarter first estimated last month. It also was considerably weaker than the 5.4 percent annualized decline economists expected.
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Citigroup’s Latest Bailout Gives the US More Control
The US government agreed to boost its stake in Citigroup to as much as 36%, shoring up the bank’s capital and taking on far more control of the ailing banking giant.
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Fannie Mae Posts Huge Loss – Seeks New Bailout
Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and expected to suffer more losses in 2009, and asked for a further 15.2 billion dollars in government aid.
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U.S. Will Not Attend U.N. Conference On Racism
The United States will not attend a U.N. conference on racism that critics say will be a forum to bash Israel and will no longer take part in preparatory sessions for it, a U.S. official said on Friday.
Reuters
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