Consumer spending sharply declined in January, signaling a potential economic slowdown, with retail sales dropping 0.9% after an upwardly revised gain in December. Excluding autos, sales fell 0.4%, impacting the “control” measure for GDP calculations. Despite concerns, some factors like bad weather and auto sales fluctuations suggest no cause for alarm, while inflation remains above the Fed’s target at 3% annually.
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California teen ID’d as suspect in teacher’s 1978 fatal stabbing
A teenager named Harry Nickerson, suspected of fatally stabbing teacher Diane Peterson at Branham High School in San Jose, California, in 1978, was identified after a relative revealed a confession made shortly after the murder. Nickerson, who died by suicide in 1993, had previously been a suspect, with some witnesses claiming he implicated himself; however, DNA efforts to confirm his involvement were unsuccessful. A recent statement from a relative provided unique knowledge of the crime,...
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