J.W.’s News Update:Friday June 24, 2011

Good Friday, Here are some stories making headlines today:

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The Arkansas Highway Commission signed off on spending $12 million in federal money on 74 projects. The money is part of the Transportation Enhancement Program and is used for historic preservations, beautification, and pedetrian and bicycle projects.

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The United States Postal service says it is shutting three post offices in rural Arkansas. Facilities in Parks and Boles in Scott County and at Ozan in Hempstead County will be shut down within a couple of months.

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Oil prices dropped big time this week. Prices were hovering around $91 a barrel in trading today.  Yesterday the IEA announced the release of emergency crude supplies. Analysts say the move likely reflected increasing concern that the global economy is slowing.

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In Sports:

The NFL Owners and the Players Association met this week for several days just outside Boston,  Massachussetts. The two sides expected to get together again next week as they try to hammer out a new collective bargaining agreement.

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