The official report from the Bureau of Economic Analysis puts per capita personal income in Arizona last year at $35,875. That's a 3.9 percent increase over the prior year. But that was not enough to keep pace with the rest of the nation were income went up 4.3 percent. The result is that Arizona remains in 40th place. Economist Tom Rex of Arizona State University said the numbers were to be expected.
"We're very, very cyclical in Arizona," said Rex. "I'm not surprised that we'd have another pretty mediocre year. Things will turn here over the next couple of years."
The rising cost of oil isn't just a hit to the family budget. Businesses are hurt, too. Few are more affected than firms like FedEx. It deploys nearly 700 planes and tens of thousands of trucks and vans every day to deliver packages around the world. And few business leaders are more focused on finding alternatives to petroleum-based fuels than FedEx CEO Fred Smith.
Shortly after Smith founded Federal Express, the 1973 Arab oil embargo almost killed it. The experience imprinted Smith with a keen interest in the price and availability of oil.
Tax Day 2012 is looming — and after we file our returns, many of us will try to figure out what to do with the seemingly innocuous but possibly crucial documents we use to prepare our returns. Filing electronically can make those records easier to manage. But what should we really keep, and for how long?
Most experts recommend holding on to financial records for three years after they're used in a tax return — that's the amount of time the IRS has to audit taxpayers.
Why are these hard-to-pronounce ingredients added to everything from a burger served in schools to veggie burgers in the frozen food aisle of the grocery store? We try to answer that on this edition of Tiny Desk Kitchen.
It turns out the answers are as varied as the ingredients. But as we yearn to know what's in our food and how it's made, these kinds of ingredients with unfamiliar names make people suspicious.
Thirty years ago, on April 2, 1982, Argentina invaded the Falkland Islands, leading to a short but bloody war with Britain. Argentina lost, and the islands in the frigid South Atlantic stayed under British control.
Argentina still claims the islands, however, and is pressuring Britain like never before.
On a recent day, the ornate Palais de Glace museum in Argentina's capital, Buenos Aires, was packed with visitors browsing through a collection of photographs from the Falkland Islands war.
A devastating drought consumed nearly all of Texas in 2011, killing livestock, destroying agriculture and sparking fires that burned thousands of homes. It was the worst single-year drought in the state's recorded history.
The Muslim Brotherhood and other Islamist groups in Egypt are flexing their growing political muscle. They control the legislative agenda in parliament, and in recent weeks introduced controversial proposals to curb social freedoms and legal rights.
Islamist lawmakers also handpicked a 100-member panel that began meeting this week to write a new constitution, which is widely expected to enshrine Islamic law.
Even so, Islamist leaders say they want Egypt to remain a secular state. But many secular Egyptians are not convinced.
Since the shooting of 17-year-old Trayvon Martin made Florida's Stand Your Ground law the subject of national debate, one of the legislators who helped write it, Rep. Dennis Baxley, has been adamant in his belief that the law simply doesn't apply in this case.