Hundreds of acres of farmland and a mobile home park were flooded Tuesday when the swollen Mississippi River breached a levee near St. Charles, Mo., Army Corps of Engineers officials said worry now shifts to a levee near Winfield, Mo., described as so saturated that "it's like walking on a water bed." If it gives way, houses, several businesses, a ballpark, and 3,000 acres of cropland are at risk, they said.
Led by Miami and Las Vegas, housing prices in cities across the US fell by 15.3 percent in April over the same month a year ago, Standard & Poor's reported Tuesday. The rate was the steepest decline in the eight-year history of the index.
Saying, "The economy remains stuck in low gear," the Conference Board reported its fifth-lowest measurement of consumer confidence Tuesday. It said the closely watched index has slid to 50.4 this month from 58.1 in May, blaming the spiraling cost of food and gasoline. But "it may be nearing a bottom," a spokesman said.
Citing the upward spiral in fuel costs, United Airlines said it will eliminate 950 pilot jobs. The move will take effect in September. Earlier, United grounded dozens of planes and announced plans to cut 1,600 jobs. The pilot losses will come on top of those layoffs, a spokeswoman said. The carrier currently employs 6,600 pilots.