but it s still well below a reading indicating a stable economy. stocks plunged today. the dow lost 178.5. the s&p 500 gave back 27.5. the nasdaq dropped 77.5. most of the democratic members of the indiana general assembly left their desks today in protest of right to work legislation in that state. correspondent steve brown is live in indianapolis to tell us what happened. good evening, steve. hey, bret. the indiana house democrats are believed to have fled the state are either reportedly in illinois or kentucky. they are also believed to be a number of house dems also still in the hoosier state, but laying low. either way, they have so far successfully forced house bill 1468. or the so-called right to work bill in this state. the proposed legislation would make it a crime for anyone in indiana to become member of the union or pay union dues. only three indiana house democrats showed up this morning, denying the house
but it s still well below a reading indicating a stable economy. stocks plunged today. the dow lost 178.5. the s&p 500 gave back 27.5. the nasdaq dropped 77.5. most of the democratic members of the indiana general assembly left their desks today in protest of right to work legislation in that state. correspondent steve brown is live in indianapolis to tell us what happened. good evening, steve. hey, bret. the indiana house democrats are believed to have fled the state are either reportedly in illinois or kentucky. they are also believed to be a number of house dems also still in the hoosier state, but laying low. either way, they have so far successfully forced house bill 1468. or the so-called right to work bill in this state. the proposed legislation would make it a crime for anyone in indiana to become member of the union or pay union dues. only three indiana house democrats showed up this morning, denying the house
were paying 27.5%. their share of the tax burden went up by 10%. take a look at the top 10% of earners. same thing. their share went up 9%. they wounds up paying more of the tax burden as the taxes were lettered. the middle class, exactly the opposite. their tax burden was lowered and their tax burden went down by 9%. they wound up paying 10% less than they had been paying when the arkansas were higher and the same for the bottom 50%. this committee concludes if you lower the tax rates on the rich, weirdly, they wind up paying more of the tax burden than they otherwise would. there is a points where people say, wait a minute, they are confiscating the money from
to president bush for putting fannie and freddie in conservatorship. this was essential to break the model that helped produce the crisis. without that action, this is important to recognize, house prices would have fallen further. and the recession would have been dramatically worse. government agencies now guarantee 90% of all mortgages proposal on how to change that won t come until january. no consensus on what to do, but top officials concede the government footprint in housing must be smaller. bret: thank you. housing market got a tiny boost from construction last month. housing construction rose 1.7%, led by 32.6 surge in partner of condominium construction. wholesale prices were up .2 of a point. stocks rebounded today. the dow gained 104. the s&p 500 finished ahead 13. the nasdaq is up 27.5.
13. the nasdaq is up 27.5. commercial shrimpers in louisiana say their first catch of the season since b.p. s oil spill was plentiful and free of oil monday. this comes following a new report claiming much of the leaked crude oil remains below the gulf surface. louisiana seafood industry brings in $2.4 billion a year. government investigators in west virginia cited massey energy for failing to report more than 20 accidents at the upper big branch mine. the site of the explosion that killed 29 miners in april. massey is reviewing the citations. we now know why president obama s aunt was granted political asylum. that s coming up. a politician actually gives a donor a refund. keller graduate school of management, you ll have a professor with you every step of the way. whether you take classes on campu