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Archives for Economy - News

Americans still want SUVs, muscle cars

DETROIT (AP) -- Americans again bought vehicles that sit up high and come loaded with features like backup cameras and smartphone capabilities in June. Horsepower was also in; gas-sipping not so much. SUVs of all sizes continued to fly off dealer lot ...

Pensioners queue outside Greek banks amid withdrawal limits

ATHENS, Greece (AP) -- Anxious Greek pensioners swarmed closed bank branches Monday in the hope of getting their pensions, while queues formed at ATMs as they gradually began dispensing cash again following the imposition of strict controls on capita ...

Greece says it will never accept wage, pension cuts

BRUSSELS (AP) — The European Commission said Sunday that weekend talks to find common ground between international creditors and Greece were unsuccessful and left a wide rift that needs to be closed within two weeks to avoid a possible Greek default. ...

Why Americans are getting new credit cards

NEW YORK (AP) — A big change is happening inside your wallet. U.S. banks, tired of spending billions each year to pay back fleeced consumers, are in the process of replacing tens of millions of old magnetic strip credit and debit cards with new cards ...

Los Angeles to raise minimum wage from $9 to $15 an hour

LOS ANGELES (UPI) -- The Los Angeles City Council on Tuesday approved a plan to raise minimum wage in the city to $15 per hour by 2020. Under the proposed plan, minimum wage will increase incrementally from the current $9 per hour to $15 per hour eac ...

More Americans use half their income for housing costs

WASHINGTON (AP) -- More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities. That's the finding of an analysis of Census data by Enterprise Community Partners, a nonprofit that helps finance af ...

Obama sends record $4T spending plan to Congress

[caption id="attachment_22756" align="alignright" width="300"] (File Photo)[/caption]WASHINGTON (AP) -- President Barack Obama sent Congress a record $4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushin ...

What the Makers and the Takers Have to Say

Over half of America's richest citizens feel poor people have easy lives due to government benefits, according to a poll conducted by the Pew Research Center. The poll showed 54 percent of America's most financially secure agreeing with the statement ...

US job growth slowed to its lowest level this year

The US added 142,000 jobs in August, the lowest figure this year and one that ends a streak of months in which the economy added more than 200,000 new positions. The labour department's figures came as a surprise. Analysts polled by Reuters had expec ...

Rahm Emanuel wants $13 an hour minimum wage in Chicago

[caption id="attachment_31177" align="alignright" width="300"] (File Photo)[/caption]Mayor Rahm Emanuel said Tuesday that he would push aldermen to raise Chicago's minimum wage to $13 an hour no matter what Springfield lawmakers do on the issue this ...


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