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U.S. housing starts rose far less than expected in March as permits posted their biggest drop since last May, raising economists’ worries the economy won’t bounce back from a weak first quarter.

Groundbreaking increased by 2.0 percent to a seasonally adjusted annual pace of 926,000 units, according to a report released by the Commerce Department on Thursday. The report put to bed previous attempts to scapegoat poor data on bad weather, as the majority of the prior month’s decline remains intact.

Starts for single-family homes actually increased, but groundbreaking for the multifamily segment fell last month. February’s starts were revised up to a 908,000 million-unit pace from the previously reported 897,000-unit rate.

Economists polled by Reuters had forecast housing starts increasing to a 1.04 million-unit pace in March.

Meanwhile, new permits for future home construction fell by 5.7 percent to a 1.04 million-unit pace, though they have been above a 1 million-unit pace since July.

Regionally speaking, groundbreaking rebounded in the Northeast and Midwest, but tumbled 19.3 percent in the West and 3.5 percent in the South, where most of the home building takes place.

Last month, single-family homes groundbreaking, the largest component of the housing market, increased by 4.4 percent even as the multi-family homes component fell 2.5 percent.

Single-family permits rose 2.1 percent last month. Multi-family permits plunged 15.9 percent.

U.S. housing starts rose far less than

Spring Break_Gang_Rape_Suspect

This undated photo provided by the Dekalb County, Ga., sheriff department shows George Davon Kennedy. Kennedy has been charged with participating in a spring-break sexual assault on a woman on a Florida Panhandle beach that was captured on a cellphone video, authorities said Tuesday. (AP Photo/Dekalb County Sheriff’s Office)

A third man has been charged in the disturbing spring break gang rape case that was captured on cellphone video taken sometime between March 10 and March 12 in Panama City behind Spinnaker Beach Club located at 8795 Thomas Drive.

George Davon Kennedy, 21, was arrested Tuesday in DeKalb County, Georgia, the Bay County Sheriff’s Office confirmed. The Middle Tennessee State University student is charged with principal to sexual battery by multiple perpetrators.

Investigators in Florida learned that Kennedy has family in Georgia and contacted the proper authorities, leading to deputies in DeKalb County just east of Atlanta making the arrest. A Middle Tennessee State University spokesman confirmed that a George Davon Kennedy is a student but said officials hadn’t been notified of any arrest.

Delonte Martistee, 22, and Ryan Calhoun, 23, were arrested and charged with sexual assault last week. Both are students at Troy University in Alabama, but were suspended after their arrests. Court records do not list attorneys for either man.

Kennedy, unlike the aforementioned suspects, was being held without bond. Calhoun is now out on bond while Martistee remains in custody. Jail records didn’t list an attorney for Kennedy.

The video isn’t the only one, according to officials.

“This is not the first video we’ve recovered, it’s not the second video, it’s not the third video,” Bay County Sheriff Frank McKeithen said. “There’s a number of videos we’ve recovered with things similar to this and I can only imagine how many we haven’t recovered.”

The video shows several men assaulting an incapacitated woman on Panama City Beach while a crowd of jubilant spring-break revelers watch on, the sheriff’s office reported. The victim told authorities she thought she had been drugged and didn’t remember the incident well enough to report it.

McKeithen described the rapists in the first video as “wild animals preying on a carcass laying in the woods” perpetrating the “most disgusting, sickening thing” he had ever seen.

A third man has been charged in

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Hillary Clinton in LeClaire, Iowa on April 15, 2015. (Photo: Charlie Neibergall / AP)

Speaking in Iowa Wednesday, former Secretary of State Hillary Clinton lied yet again regarding her family history, and offered a familiar excuse for it. BuzzFeed first noted that Clinton said all her grandparents had immigrated to the United States, but according public census and other records related to her maternal and paternal grandparents, that’s not true.

“All my grandparents, you know, came over here and you know my grandfather went to work in lace mill in Scranton, Pennsylvania, and worked there until he retired at 65. He started there when he was a teenager and just kept going,” Clinton said while arguing in favor of cheap labor from immigration.

Clinton’s paternal grandfather, Hugh Rodham Sr., was actually born in England and immigrated to the United States (legally) with his parents in the late 19th century. However, the rest were born in Pennsylvania and Illinois. Her campaign offered a very familiar excuse: It’s not really a lie if you really believe it.

“Her grandparents always spoke about the immigrant experience and, as a result she has always thought of them as immigrants,” a Clinton spokesman said. “As has been correctly pointed out, while her grandfather was an immigrant, it appears that Hillary’s grandmother was born shortly after her parents and siblings arrived in the U.S. in the early 1880s.”

This isn’t the first time Hillary has told whopper.

The story of her paternal grandmother, specifically, is one Clinton has told before — in detail. Clinton’s sole foreign-born grandparent, Hugh Rodham Sr., immigrated with his parents as a child.

Hillary Clinton in 2014:

My grandmother on my father’s side, Hanna Jones Rodham — by the way, insisted on using all 3 names despite what people in Scranton, Penn. might have thought at the time ― was one of those tough Methodist women who was never afraid to get her hands dirty. She traced her Methodism back to the Wesley brothers themselves, who converted her great grandparents in the small coal mining villages of Southern Wales. She immigrated with her family as a young girl to Scranton and went to work — very young―in a silk mill, and then she met and married my grandfather, who had also come to this country as a young man from the coalmining area in Newcastle, in England. He’d been laboring in the nearby lace factory since he was 13. They worked hard, they kept the faith, they lifted themselves up into the middle class, they brought property; and my grandmother Hanna managed the tenants and collected the rent. I have vivid memories of her final years when she was going blind, still braiding my hair in the morning, still reciting old hymns and giving me the direction for what I was to do that day. The world had changed so much during her lifetime, but it’s also changed during ours.

Perhaps it would be unfair to hold her accountable for not knowing the timing and place of her grandparents birth, because Mrs. Clinton apparently can’t even remember the timing of her own birth.

While taking a clearly-needed break from the rigors of being a first lady in 1995, she escaped to remote Tiger Tops Jungle Lodge in Katmandu. Later, she got to meet with Sir Edmund Hillary, who is the first person to reach the summit of Mount Everest. She claimed her mother, who was pregnant in 1947, named her after the former beekeeper who went on to Wow the English-speaking world with his incredible feat.

“So when I was born, she called me Hillary and she always told me, ‘It’s because of Sir Edmund Hillary,'” Hillary Clinton reported.

Except, of course, Sir Edmund Hillary didn’t reach the summit of Mount Everest until June 1953, six years after Hillary was born.

A grown woman not knowing the difference between a family story, or a pathological liar who will tell whatever story that particular audience wants to hear?

[caption id="attachment_24306" align="aligncenter" width="630"] Hillary Clinton in

 

obama_nsa_reform

Can the president kill you? The short answer is: Yes, but not legally. Yet, President Obama has established a secret process that involves officials from the Departments of Justice and Defense, the CIA, and the White House senior staff whereby candidates are proposed for execution, and the collective wisdom of the officials then recommends execution to the president, who then accepts or rejects the recommendation.

If the recommendation is to kill and the president rejects the recommendation, the CIA is directed to arrest the person. If the president accepts the recommendation to kill, then death is ordered. This is not unlike the procedure used in the reign of the monstrous British King Henry VIII, except that the king himself delegated the final say to his chancellor so that he could publicly disavow participation in the government murders.

Obama does not disavow them; he defends them. But the Constitution he swore to uphold makes clear that whenever the government wants the life, liberty or property of anyone, it must follow due process. Stated differently, it must either sue the person for his property or prosecute him for his life or liberty, and the law that forms the basis for the lawsuit or the prosecution must have existed before the person did whatever the government says he did that resulted in its pursuit of him. The whole reason for the requirement of due process was to prevent what Henry VIII did and Obama is doing from ever happening here.

It is happening here.

In 2011, Obama ordered the CIA to murder Anwar al-Awlaki, an American born in New Mexico. When the CIA’s drones murdered Awlaki, he was within eyesight in Yemen of about 12 Yemeni intelligence agents and four CIA agents, all of whom collectively could have arrested him. He was not engaged in any unlawful behavior. He was unarmed and sitting at an outdoor cafe with a friend and his teenage son and the son’s friend. All four — Americans all — were murdered by the drones dispatched from Virginia.

When word of this got out, the president came under heavy criticism. He responded by claiming he had the lawful authority to kill any dangerous person whose arrest was impractical. He also claimed he had a legal opinion from Attorney General Eric Holder that justified the killings. He then dispatched Holder to explain the lawful basis for the killings at a speech at Northwestern Law School. The speech produced even more criticism and, eventually, the revelation of a portion of the legal opinion.

The legal opinion is hogwash. It relies on cases of hot pursuit in which police may lawfully use deadly force to stop an armed and dangerous person who is an imminent danger of causing deadly harm to someone else — an armed robber fleeing a bank he has just robbed and shooting at his pursuers may of course be shot at lawfully by the police. In the Awlaki case, the government had not even alleged that he committed a crime. Without that allegation, those 16 intelligence agents who were following him for the final 48 hours of his life could not have lawfully arrested him. The government concedes this; so it decided to kill him.

All this resurfaced last week in a Brooklyn federal courtroom where another American, Mohanad Mahmoud al-Farekh, born in Texas, was charged with providing material assistance to a terrorist organization while he was in Pakistan. It was revealed that the Department of Defense nominated Farekh for execution, the CIA seconded the nomination (you cannot make this stuff up), and the president vetoed it because he did not want to offend the Pakistanis, over whose land he has dispatched more than 3,000 drones, a practice he promised to stop.

The president did not decline to order the murder of Farekh because it was morally wrong or unconstitutional or a violation of federal law, but because he feared it would upset officials in a foreign government. We also learned last week that the House and Senate committees on intelligence — the members of which receive classified briefings that they cannot share with their constituents or colleagues — demanded Farekh’s execution, but the president refused.

What a sad, sorry, unconstitutional state of affairs this Obama presidency and its enablers in Congress have brought us. Like Awlaki, Farekh was not engaged in an act of violence when intelligence agents pursued him. Why did one of these pursuits result in due process and the other in murder? Because of the political calculations of the president. That is not the rule of law. That is a gross violation of basic American values.

While all this has been going on, the president has negotiated a deal with Iran that has many in Congress up in arms. They think he gave away the store, and they are in the process of enacting legislation over his likely veto that would prohibit him from entering into agreements on nuclear weapons without their consent. Have you heard any of these self-proclaimed congressional patriots offer legislation to prohibit the president from murdering Americans? Who will be nominated for execution next?

When the president acts like a king and Congress looks the other way, it is as culpable as he is.

Judge Andrew Napolitano has written nine books on the U.S. Constitution. The most recent is Suicide Pact: The Radical Expansion of Presidential Powers and the Lethal Threat to American Liberty.

Can the president kill you? The short

michelle_knight_finding_me

Michelle Knight on the cover of her new book, Finding Me: A Decade of Darkness, a Life Reclaimed.

Her name is Lily now, named for her favorite flower.

To appreciate how startling it can be to first meet this confident, effusive young woman, consider this excerpt from her memoirs, written under her former name, Michelle Knight:

“Do you have any idea what it’s like to wake up and realize that no one is going to rape you that day? How wonderful it is to see the sunlight pouring through your window? How great it is to just walk around without a heavy chain on your wrist or ankle? It feels amazing.”

She wrote that in her 2014 book, Finding Me: A Decade of Darkness, a Life Reclaimed, which chronicles more than a decade of captivity, rape and torture at the hands of a man whom she identifies in the book only as “the dude.”

Let’s leave it at that. Anyone paying half-attention in 2013 knows he was the man in Cleveland who kidnapped Knight in 2002, Gina DeJesus in 2004 and Amanda Berry in 2003 and imprisoned them in his hellhole of a house until police rescued them in May 2013.

To avoid the death penalty, he pleaded guilty to 937 counts — including rape, murder and kidnapping — and was sentenced that August to life in prison without the possibility of parole. Unable to endure a captivity that was far more humane than he had ever allowed for these women, “the dude” hanged himself the following month.

Knight’s ordeal will reach a new crescendo of national attention later this month, when Lifetime debuts the movie “Cleveland Abduction.” Taryn Manning, one of the stars of Netflix’s “Orange Is the New Black,” plays Knight.

They are fast friends, Knight says. She is “nervous but excited” about the movie. Her constant mantra: “If it can help others…”

I first talked to Knight three weeks ago at the Cleveland Rape Crisis Center. I had agreed to interview her onstage for the center’s annual luncheon fundraiser, but she needed to meet me first. Trust is an issue, always — starting with her horrific childhood — but I was struck by how easily she made conversation. She is doing the hard work of healing. For that, she gives much of the credit to psychologist and television personality Dr. Phil — Phil McGraw — whom she calls her hero.

The admiration, McGraw told The Plain Dealer via email, is mutual. “When you listen to her describe the horrible living conditions and how she was treated, you wonder how anyone lasted a day let alone more than a decade. In the 12 years of doing the ‘Dr. Phil’ show, no one has changed me like Michelle Knight and her story of survival.”

Knight’s agenda is as simple as it is relentless. “I’m a trauma survivor,” she said. “I don’t want to be sheltered by what happened to me. And as long as telling my story can help others, I’m going to keep doing this.”

The CRCC event Wednesday broke records of attendance and fundraising. When Knight walked across the stage in the Renaissance ballroom, the crowd rose to its feet in prolonged ovation. She looked out in amazement, tears filling her eyes.

There is a giant grace to this physically tiny 34-year-old woman. She is quick to laugh — to giggle, really — and never tires, it seems, of thanking others for caring about how she is doing.

On that day when we first met, she talked a lot about what she has learned about herself and about the process of starting over.

“For years, I didn’t have any faith,” she said. “It took this situation to help me find my faith. Despite everything I was going through, I didn’t die. I realized there was a reason God wanted me to live.”

She is used to people dismissing their own problems in light of what she has been through, but she rejects the comparison. “All pain matters,” she said simply. “It’s not a contest.”

When Knight finally escaped her captor, some news outlets depicted her as mentally impaired. It still hurts, she says, to know that. Her captor had rammed a barbell into her jaw, which is why she struggled with speech in the immediate weeks after her release.

“The media could have taken the time to do their homework,” she said. “They could have taken the time to report the facts.”

Yes, indeed.

A few more facts about Lily Knight:

She has recorded her first song, “Survivor,” which she plans to release next month.

She’s no longer afraid of grief because she’s learned that inviting it in is the quickest way to usher it out the door.

And when she sings, as she so often does, she closes her eyes and smiles like the little girl she never got to be.

Connie Schultz is a Pulitzer Prize-winning columnist and an essayist for Parade magazine. She is the author of two books, including “…and His Lovely Wife,” which chronicled the successful race of her husband, Sherrod Brown, for the U.S. Senate.

Pulitzer Prize-winner Connie Schultz interviews abduction and

gyrocopter-capitol-west-lawn

April 15, 2015: A small device resembling a helicopter is seen on the West Front of the Capitol in Washington. (Photo: AP)headlin

A small gyrocopter manned by one pilot landed on the West Lawn of the U.S. Capitol on Wednesday, resulting in a lockdown of the nearby streets.

Capitol Police spokeswoman confirmed that the pilot has been detained and a robotic bomb squad asset was used to determine the threat. The pilot’s identity and motive were not immediately clear.

A gyrocopter resembles a small helicopter. However, unlike a helicopter, a gyrocopter’s blades are not powered, with the aircraft relying instead on an engine-powered propeller to provide the necessary thrust to help create lift. Often used as recreational aircraft, gyrocopters have also been deployed in law enforcement.

A small gyrocopter manned by one pilot

Hillary_Clinton_Libya_Trip

Then-Secretary of State Hillary Hypocrisy Clinton works from a desk inside a C-17 military plane following her departure from Malta, in the Mediterranean Sea, bound for Tripoli, Libya, Oct.18, 2011. (Photo: Kevin Lamarque – Associated Press)

I realize it’s tax week and I should be condemning our convoluted tax code and oppressive IRS.

But I can’t resist getting diverted to another topic. It’s time to debunk the notion that there is rampant sexism in the private economy that causes women to by systematically underpaid.

I addressed the issue back in 2010, citing the solid work of Christina Hoff Summers. And I cited more of her work, as well as some analysis by Steve Chapman, when writing about the topic in 2012. The bottom line is that rigorous analysis finds that the so-called gender gap largely disappears once you consider factors such as occupational choice, hours worked, and education.

I’ll add my two cents to the discussion. For decades, I’ve been dealing with leftists who repeatedly tell me that business owners are consumed by greed and put profit above everything. Yet if women truly were making less money than men for doing equal work, then why aren’t these greed-filled business owners firing all their male employees and hiring women who will work for 80 percent of what it costs to employ men? Or 85 percent? Or 90 percent?

When I pose this question, my statist friends begin to mumble and stumble, but the clever ones eventually asset that business owners are not only soulless profiteers but also malign sexists. And the sexism apparently trumps the greed because they’re willing to employ men when equally competent women would work for less.

At that point, I usually ask them why entrepreneurs (presumably women and perhaps financed by rich leftists) don’t take advantage of a huge competitive opportunity by setting up rival businesses that could hire women for less money and lure customers away from the greedy sexist firms by charging lower prices.

I still haven’t received an answer to that question.

And that may explain why even one of President Obama’s top economic advisers basically admitted that equal-pay propaganda from the left is completely bogus.

Let’s dig into the data. Mark Perry of the American Enterprise Institute does a very good job of explaining why Equal Pay Day is based on nonsensical numbers.

…the bogus feminist holiday event known as Equal Pay Day…is a statistical fairy tale because it’s based on the false assumption that women get paid 23% less than men for doing exactly the same work in the exact same occupations and careers, working side-by-side with men on the same job for the same organization, working the same number of hours per week, traveling the same amount of time for work obligations, with the same exact work experience and education, with exactly the same level of productivity, etc. …The reality is that you can only find a 23% gender pay gap by comparing raw, aggregate, unadjusted full-time median salaries, i.e. when you control for NOTHING that would help explain gender differences in salaries… Most economic studies that control for all of those variables conclude that gender discrimination accounts for only a very small fraction of gender pay differences, and may not even be a statistically significant factor at all. …As the Department of Labor concluded in 2009, “The differences in raw wages may be almost entirely the result of the individual choices being made by both male and female workers.” They also concluded that “the raw wage gap should not be used as the basis to justify corrective action.”

By the way, all this data and research doesn’t mean sexism doesn’t exist. I’m sure it does, and it probably goes both ways.

I’m simply saying that unjustified discrimination in a competitive market economy is expensive. People who put prejudice above profits suffer. Which is why there’s so little actual evidence to support the feminist position.

Now let’s enjoy a bit of fun. It’s always amusing to expose statist hypocrisy.

The Obama White House claims to believe in so-called equal pay for equal work. But apparently that’s only a rule for us peasants.

And Hillary Clinton doubtlessly will regale us with speeches about equal pay over the next several months. Yet she didn’t practice what she preaches.

Yes, I realize we’re all shocked that politicians like Hillary prevaricate and dissemble.

P.S. Since this is tax season, I suppose I should close with a couple of relevant items.

First, we have an update to the infamous chart on the number of pages in the tax code.

Second, we have a new video from Reason TV about the “best tax code.”

Sadly, I don’t think my tax videos will ever be that entertaining.

There may be no better example of

white-house-irs-headquarters-dc

The White House at 1600 Pennsylvania Ave., left, and the Internal Revenue Service (IRS) headquarters in D.C., right.

President Obama and Democrats repeatedly argues certain taxpayers aren’t paying their fair share, but American voters aren’t buying it. A slew of recent polls leading up to April 15, 2015, the day the tax man cometh, indicate voters disagree with the president and his party on pretty much every aspect of this issue.

Most Americans say they will pay their taxes on time, according to a new Rasmussen Reports survey, but more than half — 53 percent — think they are paying more than they should. Only 23 percent disagree, while 24 percent are unsure.

Other surveys are even worse.

The latest Fox News poll found 63 percent think their tax bill is too high, up from the previous high of 54 percent in both 2012 and 2005. Thirty-four percent think their taxes are “about right,” while just 2 percent say they pay too little. Interestingly, there is no generation gap — which might suggest younger Americans are more tolerant of higher taxes — in either poll.

On average, voters under the age of 45 and at or above the age of 45 are roughly equally likely to say their taxes are too high, 62 percent and 63 percent respectively.

There are several other pieces of data to help explain the anti-tax voter sentiment that is clearly growing.

By a 67-18 percent margin, voters still agree with President Ronald Reagan, who famously said that “government is not the solution to our problems, government is the problem.” The number of Americans who see the government “as the problem” — which includes 51 percent of Democrats — is up a whopping 14 points from 53 percent in 2008.

Second, voters are increasingly hostile to federal taxes and the system for collecting those taxes. But, most importantly, they are growing increasingly aware of the flat-out crony unfair tax burden leveled by the federal government.

Voters rate the federal income tax (26 percent) the most unfair, followed closely by local property (25 percent) taxes. But in the second round, the federal social security (14 percent) tax beat out the state sales (13 percent) tax, and state income taxes (11 percent).

What about paying our “fair share” of taxes, or getting someone else to pay it for us, as the president and Democrats propose?

In 2015, Americans feel more strongly than ever that the tax burden falls disproportionately on the middle class, despite the class warfare president’s claims. Voters say this bloc of America pays a larger share of their income in taxes than the wealthy do and continue to reject the notion that the United States has the world’s best tax system, another Democratic claim.

A new Rasmussen survey shows that a whopping 71 percent of American adults believe middle-class Americans currently pay a larger share of their income in taxes than wealthy people do.

President Obama and Democrats repeatedly argues certain

Aaron Hernandez, a onetime star tight end for the NFL’s New England Patriots, was convicted Wednesday of first-degree murder in the 2013 killing of his fiancee’s sister. Hernandez, who once enjoyed a salary of nearly $10 million per year, now faces life in prison as well as two more murder charges.

The former Pro-Bowler looked to his right and pursed his lips after the jury forewoman read the verdict, which came as a bit of a surprise to experts after the jury took nearly a week to deliberate. The conviction in the murder of Odin Lloyd, a 27-year-old landscaper and amateur weekend football player, carries a sentence of life in prison without the possibility of parole.

Hernandez’s mother, Terri, and his fiancee, Shayanna Jenkins, cried and gasped when they heard the verdict. Shayanna Jenkins wept on his mother’s shoulder. Hernandez mouthed to them moments sitting back in his chair, “Be strong. Be strong.”

The former football pro was also found guilty on firearm and ammunition charges.

Hernandez’s lawyer acknowledged during closing arguments that he was at the scene when Lloyd was killed, but argued the shooting was perpetrated by two of Hernandez’s friends, saying his client was a 23-year-old kid who didn’t know what to do.

But prosecutors effectively argued Hernandez planned the killing and then helped cover it up.

Lloyd was shot six times in the middle of the night on June 17, 2013, in a deserted industrial park near Hernandez’s home in North Attleborough. Prosecutors presented a wealth of evidence, largely circumstantial, which showed Hernandez was with Lloyd at the time he was killed, including home security video from Hernandez’s mansion. Witness testimony and cellphone records also tracked Lloyd’s movements.

Hernandez’s lawyer, James Sultan, acknowledged for the first time during closing arguments that Hernandez was there when Lloyd was killed.

Prosecutors have suggested Lloyd may have been killed because he knew too much about Hernandez’s alleged involvement in a deadly 2012 drive-by shooting in Boston. However, the jury was not allowed to hear that information because the judge said it was speculation.

As a result, they never offered a motive save for saying Hernandez was angry at Lloyd while a nightclub two nights before the killing.

Hernandez’s legal troubles are far from over. He is awaiting trial on murder charges in the drive-by shooting, and is accused of gunning down two men over a spilled drink at a nightclub.

The former tight end grew up in Connecticut, where he starred for Bristol Central High School. Recruiters sought him out in droves and he initially decided to play for the University of Connecticut, before opting out in favor of the University of Florida, where he played from 2007 to 2009. With the Florida Gators, he became a starter as a sophomore, and starred in the 2009 BCS National Championship Game in which Florida beat the Oklahoma Sooners, 24–14.

The very next season, Hernandez was named a first-team All-American.

Hernandez declared for the NFL draft after his junior year, and was selected by the New England Patriots in the fourth round.

But trouble and warning signs soon followed, as it was only days after he was selected that The Boston Globe reported he had failed multiple drug tests while in college at the Gator Nation. As a pro, Hernandez became a rookie starter and scored six touchdowns in 14 games. He was named a Pro Bowl alternate in his second season, in 2011, and helped lead the Patriots to Super Bowl XLVI, which the team lost to the New York Giants 17-21.

After cutting Hernandez, the team immediately voided the remaining years on the contract and moved to recoup all of the signing bonus. Less than a year later, he was arrested for the murder of Lloyd and was soon cut by the Patriots, winners of this year’s Super Bowl.

Aaron Hernandez, a onetime star tight end

The Empire State Manufacturing Survey contracted in April as New York business conditions deteriorated in April, significantly missing economists’ expectations. with new orders falling further into the red, according to data released Wednesday by the Federal Reserve Bank of New York.

Economists surveyed by The Wall Street Journal expected the latest index to increase to 8.0. A reading above 0 indicates expansion.

The survey, which one of the first to shed light on regional manufacturing activity in the second quarter, will no doubt contribute to worries about the state of the U.S. economy.

The Empire State’s business conditions index declined to -1.19 in April, down significantly from 6.90 in March. It was the first negative reading since December. But the worst piece of data was the third consecutive month drop in orders, and that the new orders index worsened to -6.00 in April, down further from an already -2.39 in March.

The shipments index, on the other hand, actually increased to 15.23 after it fell by nearly half last month, falling to 7.93 in March from 14.12 in February.

Demand for labor is weakening considerably, with the employment index falling to 9.57, down from 18.56. The workweek index plummeted to -4.26 from 5.15.

Fewer New York state manufacturers are raising selling prices this month even with input prices increasing. The prices-received index fell to 4.26 from 8.25 in March. The prices-paid index increased to 19.15 from 12.37.

“Many of the indexes assessing the six-month outlook conveyed more optimism about future business activity than they had in February and March,” the report said.

The general business conditions expectations index for the next six months rose to 37.06 in April from 30.72 in March but it is still down from a three-year high reading of 48.35 in January.

New orders expectations rose to 33.57, up from 26.31 the month prior, but the employee expectations component fell to 22.34 from 28.87.

The Philadelphia Fed will release its survey Thursday, which economists expect to show a small increase in activity. Economists use the Fed surveys to forecast the health of the national industrial sector as revealed in the monthly manufacturing survey conducted by the Institute for Supply Management (ISM).

The Empire State Manufacturing Survey contracted in

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