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One-Month Inflation Vacation Is Over

WASHINGTON, Aug. 18 (UPI) –  The Consumer Price Index rose a seasonally adjusted 0.5 percent in July while the core rate rose 0.2 percent, the U.S. Labor Department said Thursday. The index has risen 3.6 percent in the last 12 months before the seasonal adjustment, the department’s Bureau of Labor Statistics said in a release. […]

Leading Indicators Show Weak Growth

NEW YORK, Aug. 18 (UPI) –  The U.S. index of leading economic indicators rose 0.5 percent in July after rising 0.3 percent in June, the Conference Board said Thursday. The Leading Economic Index in July rose to 115.8 with gains in the money supply and in lower interest rates. That was it, however, for gains. […]

Existing Home Sales Up From A Year Ago

WASHINGTON, Aug. 18 (UPI) — Sales of existing U.S. homes slipped from June to July but rose sharply from June 2010, the National Association of Realtors said Thursday. Sales of single-family homes, including co-ops, condominiums and townhouses, fell 3.5 percent to a seasonally adjusted annual rate of 4.67 million homes. Sales, however, were 21 percent […]

Men Helped By Social ‘Contacts’ At Work

RALEIGH, N.C., Aug. 16 (UPI) — When it comes to finding a job, who you know is as important as what you know — if you are a man — a U.S. researcher suggests. Dr. Steve McDonald, an assistant professor of sociology at North Carolina State University, used a national data set of more than […]

Mortgage Activity Rises

WASHINGTON, Aug. 17 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity increased in the week ending last Friday as interest rates fell. It was the second consecutive week mortgage activity rose due to falling interest rates. Interest rates for 30-year, fixed-rate mortgages dropped from 4.37 percent to 4.32 percent with points falling from […]

Start-Up Rate At 25-Year Low

CHICAGO, Aug. 17 (UPI) — The entrepreneurial spirit in the United States is in decline with the start-up rate among the unemployed at its lowest since 1986, a research firm said. Outplacement consulting firm Challenger, Gray & Christmas said the rate of unemployed managers and executives seeking to start their own businesses dropped to 2.5 […]

French Investigate IMF Head

PARIS, Aug. 17 (UPI) — French authorities are investigating the head of the International Monetary Fund Christine Lagarde for her role in a 2008 legal dispute. Lagarde, the former finance minister of France, interceded in the case between Bernard Tapie and the bank Credit Lyonnaise, which was then state owned, Radio France Internationale reported Wednesday. […]

California Proposal: No More Foreclosures

SACRAMENTO, Aug. 17 (UPI) — A proposal in California would make it illegal for banks to foreclose on homes, with home ownership considered a state right, a draft of the provision says. The proposal requires more than 800,000 signatures and a 131-day grace period to be put on the next statewide ballot, which makes it […]

Import Prices Up 0.3 Percent In July

WASHINGTON, Aug. 16 (UPI) — U.S. import prices climbed 0.3 percent in July after dropping 0.6 percent in the previous month, the Department of Labor said Tuesday. Prices for fuel imports rose 0.4 percent, contributing to the overall rise. Non-fuel import prices in July rose half as much, climbing 0.2 percent. Over the past three […]

After Iran Strike, Israel Gets Cyber Unit

TEL AVIV, Israel, Aug. 16 (UPI) — Israel’s military has set up a cyberdefense division, primarily against the Iranian threat, thus boosting the country’s cyberwar capabilities after it allegedly attacked Tehran’s nuclear program in 2010 with the Stuxnet virus and changed the face of warfare. The Jerusalem Post reports that the new unit in the […]

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