Morning Buzz: Jan. 17, 2008

The Food and Drug Administration issued a formal ruling today in which it warned parents that standard over-the-counter cold medications are dangerous for children under the age of 2, saying that "serious and potentially life-threatening side effects can occur." One disturbing statistic: More than 1,500 babies and toddlers were taken to an emergency room last year after being given such medicines, the Centers for Disease Control and Prevention found.

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The Food and Drug Administration issued a formal ruling today in which it warned parents that standard over-the-counter cold medications are dangerous for children under the age of 2, saying that "serious and potentially life-threatening side effects can occur." One disturbing statistic: More than 1,500 babies and toddlers were taken to an emergency room last year after being given such medicines, the Centers for Disease Control and Prevention found.

After a year of continuing misery on the housing front, a new report out today shows just how hard the housing market was hit in 2007. The Commerce Department finds that the construction of new homes in the United States dropped by nearly 25 percent last year, making 2007 the worst housing construction backslide since 1980.

Sen. Hillary Clinton was cracking jokes and playing nice as, in the role of flight attendant, she welcomed the traveling press corps onto her campaign plane en route to Nevada, where she is campaigning in advance of the state's Saturday caucuses. "My name is Hillary, and I am so pleased to have most of you on board," she said. "FAA regulations prohibit the use of any cellphones, BlackBerrys, or wireless devices that may be used to transmit a negative story about me."