Outdoor supply store opens in Freeburg

Rick Monroe of Grafton and his son Adam opened Jack’s Bait, Tackle and Hunting Supply last month at 105 N. State St. in Freeburg.

If that name sounds familiar, here’s why: The Monroes formerly operated Monroe’s Welding in Grafton. Rick said they closed because business was drying up.

Fishing rods, lures, reels, tackle boxes, outdoor decor, camouflage hunting accessories, archery supplies, bird calls — you name it, it’s there.

Jack’s is open from 6 a.m. to 5 p.m. every day.

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March marked the first time in four years that the median sale price for a home in San Francisco — a notoriously expensive place to exist — dropped.

You may still want to hold your horses: Accounting for the 1.8 percent year-over-year decrease in home sale prices there, the median sale price dropped to a cool $1,042,500.

According to that same data, the St. Louis area finds its housing market in good position — “heating up,” according to Redfin. The median home sale price here is $158,950. Month-over-month home prices rose 6 percent and year-over-year prices rose 3.5 percent. St. Louis’ housing market experienced about a 10 percent drop in inventory and a corresponding 10 or so percent increase in the total number of homes sold.

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BMW announced it would recall 6,110 of its 2016 740Li, 750Li and 750Lxi sedans and ask dealers to stop selling those models at once because safety devices in those vehicles might not deploy in a crash.

It’s because airbag control modules in those models could contain metallic residue that could cause a short circuit, temporarily making the airbags inoperable, the automaker told the National Highway Traffic Safety Administration.

BMW has said it isn’t aware of any injuries or deaths that resulted from the problem.

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A report published by the anti-poverty consortium Oxfam examined the amount of federal loans, subsidies and bailouts some of America’s biggest companies have received and compared it to the amount they pay in taxes.

One takeaway: The study concluded for every dollar the corporations pay in federal income tax, they receive about $27 in the aforementioned loans, subsidies and bailouts.

The report also showed that despite getting plenty of assistance from the government, many companies stash profits in overseas subsidiaries to avoid paying corporate income taxes. For example, Apple, the second-largest company in the world, stores $181 billion overseas. General Electric and Microsoft also keep more than $100 billion hidden in offshore companies.

This story was originally published April 14, 2016 at 10:22 AM with the headline "Outdoor supply store opens in Freeburg."