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To: CalculatedRisk who wrote (50605)	5/5/2006 2:09:20 AM
From: regli	Read Replies (4) \| Respond to of 116555

Agency Miscalculated U.S. Income in March biz.yahoo.com Thursday May 4, 6:26 pm ET By Jeannine Aversa, AP Economics Writer Commerce Department Says It Made Mistake in Calculating Americans' Personal Income in March WASHINGTON (AP) -- The Commerce Department said Thursday it made a mistake in calculating Americans' personal income in March. Income went up, though not as much as the government had said. Personal income, which includes government payments as well as wages, rose by 0.5 percent in March from the previous month, the department's Bureau of Economic Analysis now says. On Monday, the government put the increase at 0.8 percent. The mistake involved the treatment of payments related to the new Medicare prescription drug plan. The payments had the effect of boosting overall income for March and should not have been included in the March report. They are supposed to be logged for April, the bureau said. The mistake did not affect the calculation of gross domestic product for the January-to-March quarter. GDP -- the value of all goods and services produced in the United States, rose at a 4.8 percent pace in the first quarter, the best showing in 2 1/2 years. Economists said the new income figure does not alter their assessment of where the economy is heading. Analysts expect growth to slow to about 3 percent-- still a healthy pace -- in the April-to-June quarter. Income growth is the power of future spending by consumers. "A 0.5 percent increase in incomes is still a strong pace and should fuel spending down the road," said Richard Yamarone, economist at Argus Research. In March, consumer spending rose by 0.6 percent, the government reported Monday. That marked an improvement from February's 0.2 percent increase. The bureau's mistake did not affect its estimates on spending. Bureau of Economic Analysis: bea.gov

To: CalculatedRisk who wrote (50605)	5/5/2006 7:04:12 AM
From: shades	Read Replies (1) \| Respond to of 116555

Israeli Soldiers Accused of Child Rape (did you say something about sickos?) news.com.au Girl, 11, "raped by 35 soldiers" From: Agence France-Presse From correspondents in Jerusalem IT'S being described as the worst sexual abuse scandal in the Israeli army's history. As many as 35 Israeli soldiers are suspected of statutory rape of an 11-year-old girl who lived with her family on an air force base in southern Israel. Defence lawyers say the girl, now in counselling, lied to the soldiers about her age, claiming she was older, and that the sex was consensual. Regardless, legal experts said the soldiers could still be prosecuted for statutory rape. The case marks a new low for the military, once Israel's most revered institution, tarnished in recent years by incidents of financial corruption and sexual misconduct