WEDNESDAY’S MINI-REPORT…. Today’s edition of quick hits:

* I guess those fears over inflation were wrong: “Consumer prices dipped unexpectedly in March, leaving prices over the past year falling at the fastest clip in more than a half-century.”

* The Fed thinks the economy may be leveling off. I’m not convinced.

* President Obama is headed to Mexico amidst growing drug violence.

* The results of the administration’s bank stress tests will, more or less, be disclosed to the public.

* Somali pirates tried to hijack another U.S. cargo ship today, but failed.

* Arizona State University clearly “blew it” when it came to an honorary degree for the president.

* Joe Klein explains how best to deal with North Korea’s latest tantrum.

* Some of those Tea Baggers sure are foolish.

* Off the air, Fox News’ Neil Cavuto saw about “5,000” people at a Tea Party he was helping promote. Once the cameras were on, that number grew rather dramatically.

* On a related note, a Fox News journalist told viewers, on the air today, “Guys, when are we going to wake up and start fighting the fascism that seems to be permeating this country?”

* Another Fox News journalist told viewers today they “need to” purchase Tea Party merchandise, “no matter what side of the issue you’re on.” [Update: My mistake. The reference was to a website that sells conservative merchandise, but also items for more liberal consumers. My apologies for the error.]

* Adam Serwer does a terrific job explaining where the White House has come up short, at least so far, on civil liberties.

* Robert Gates seems to realize “last gasp” was probably the wrong thing to say over the weekend.

* Dick Morris is very bad at math.

* The opinion page editor of the Minneapolis Star Tribune is “embarrassed” about publishing Rep. Michele Bachmann’s (R-Minn.) ridiculous op-ed last week.

* And finally, Stephen Colbert will not have a node named after him on the international space station. NASA will, however, name a treadmill after him. The equipment will be labeled the Combined Operational Load Bearing External Resistance Treadmill, or COLBERT.

Anything to add? Consider this an open thread.

Steve Benen

Follow Steve on Twitter @stevebenen. Steve Benen is a producer at MSNBC's The Rachel Maddow Show. He was the principal contributor to the Washington Monthly's Political Animal blog from August 2008 until January 2012.