The AHMA tackles federal budget in survey
American Hardware Manufacturers Association (AHMA) members have offered opinions about the federal budget as part of the group’s Industry Confidence Index survey.
The group’s April Confidence Index survey asked two questions of AHMA members. The first was: “The Obama administration has proposed raising taxes on persons making more than $250,000 per year as part of a plan to reduce the federal budget deficit. In your opinion, is this an effective way to reduce the deficit?”
Twenty percent responded “Yes,” 7% percent responded “Not Sure,” and 73% responded “No.”
The second question was: “Some members of Congress are renewing calls for passage of a balanced budget amendment to the U.S. Constitution as a solution to the budget deficit problem. Are you in favor of a balanced budget amendment?”
On the balanced budget amendment, 63% responded “Yes,” 20% responded “Not Sure,” and 17% responded “No.”
Retail sales, including NAICS 444, grow in April
The U.S. Census Bureau reported yesterday that advance estimates of U.S. retail and food services sales for April were $389.4 billion on a seasonally adjusted basis. That’s an increase of 0.5% from the previous month, and up 7.6% compared with April 2010.
Total sales for the February-through-April period were up 8.1% from the same period a year ago.
Looking specifically at NAICS classification 444 — Building material & garden equipment & supplies dealers — advanced sales for April were $24.496 billion; that’s up slightly from the March figure of $24.461 billion, but down 3.7% from $25.446 billion in the year-ago month.
The Advance Monthly Sales report also revealed overall retail trade sales were up 0.6% from March, and 7.9% above last year. Nonstore retailers sales were up 15.5% from last year.
All the figures above are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.
Handcuffed suspect goes shopping for bolt cutters
A 19-year-old man in Pensacola, Fla., was arrested on May 8 after he escaped police custody and ran into Home Depot looking for bolt cutters to cut his handcuffs, according to a report on Fox 10 TV and other media accounts.
Michael Scott was first arrested early Sunday morning on battery charges, and police took him to a hospital for treatment of injuries he sustained during the altercation. Scott escaped from the hospital and managed to find his way to a Home Depot nearly a mile away. Store employees, who saw the suspect trying to remove his handcuffs with a pair of bolt cutters, called police. But Scott left through a back exit door by the time authorities arrived.
Law enforcement officials, including K-9 units, found the suspect hiding in a trailer, according to the news report. He was arrested and charged with several counts that include the initial battery, resisting an officer, escape and burglary.