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From August, Prices Rise 0.3 Percent

WASHINGTON, Oct. 19 (UPI) — The Consumer Price Index rose a seasonally adjusted 0.3 percent in September, month-to-month, the U.S. Labor Department said Wednesday. Compared to August, core prices rose 0.1 percent, indicating prices that rose on the Producer Price Index, which was reported Tuesday, have not filtered down to the consumer level. From a […]

Social Security Grants COLA Increases

WASHINGTON, Oct. 19 (UPI) — The U.S. Social Security Administration said Wednesday that monthly benefits for 60 million Americans will increase by 3.6 percent in 2012. The increase applies to Social Security and Supplemental Security income checks. It also marks the first cost-of-living adjustment in Social Security benefits in two years. No cost-of-living adjustment was […]

Greeks Strike Before Austerity Vote

ATHENS, Greece, Oct. 19 (UPI) — Workers in Greece initiated a two-day strike Wednesday to protest austerity budget measures, union leaders said. The strike was organized by two unions that represent a combined 2.5 million workers, The New York Times reported. The strike is expected to close down schools, airports and trash collections. The Times […]

Geithner Touts Small-Business Strategy

WASHINGTON, Oct. 18 (UPI) — U.S. Treasury Secretary Timothy Geithner told a Senate panel Tuesday that jobs are the nation’s top economic priority. “We have succeeded in preventing the collapse of the financial system, restarting economic growth and creating 2.6 million private sector jobs; however, economic growth remains slow and significant economic challenges remain,” Geithner […]

Producer Prices Climbed In September

WASHINGTON, Oct. 18 (UPI) — The U.S. Producer Price Index for finished goods rose 0.8 percent in September, the Bureau of Labor Statistics reported Tuesday. Overall, prices have not risen as fast since April, when they also jumped 0.8 percent. Prior to that, prices have not risen as fast since December 2010, when they rose […]

Moody’s Warns France’s Credit At Risk

PARIS, Oct. 18 (UPI) — Moody’s Investor’s Service warned France that its coveted triple-A credit rating is in jeopardy, a warning that has deep repercussions throughout the eurozone. France has been one of the key countries, alongside Germany, that has been working for two years to restore confidence in the eurozone, which is struggling with […]

Builder Confidence Rises Slightly

WASHINGTON, Oct. 18 (UPI) — Builder confidence in the U.S. market for newly built, single-family homes remains low, but rose in October, a national housing market index indicated. The National Association of Home Builders/Wells Fargo Housing Market Index rose 4 points to 18, the highest jump since April 2010, the trade group said. The break-even […]

Las Vegas Casino Offers Online Poker

LAS VEGAS, Oct. 18 (UPI) — The operators of a Las Vegas casino say they are preparing for online poker to be legal in the United States by opening a free-play public online site. SouthPointPoker.com allows the public to play on the Internet but not with real money, the Las Vegas Sun reported. South Point […]

Lending, With Exceptions, Is Rising

NEW YORK, Oct. 18 (UPI) — Lending in some categories is slowly increasing at some of the largest U.S. banks, data from quarterly records show. Generally, the exception is mortgage and home equity loans, which dropped 6.2 percent since a peak in late 2007, Federal Reserve data shows. However, Timothy Sloan, chief financial officer at […]

FBI Investigates Dead Newborn On Cruise

PORT CANAVERAL, Fla., Oct. 16 (UPI) — Officials Sunday said they were investigating the death of a newborn whose body was found in a cruise ship cabin docked at the Caribbean island of Saint Martin. The Carnival Cruise Lines ship returned to Port Canaveral, Fla., where FBI agents boarded the vessel Saturday, the Orlando (Fla.) […]

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