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College Graduates’ Starting Salaries Lag Behind The Rest

(MCT) — Starting salaries for recent college graduates have risen far more slowly than the average earnings of all U.S. workers since the recession, an analysis by the Federal Reserve Bank of San Francisco found. The study, released Monday, found that median earnings for recent college graduates rose only 6 percent from 2006 to 2013, […]

Pig Producers’ Fight Over Drug Looms Over Trade Talks

WASHINGTON (MCT) — R.C. Hunt, who has raised pigs for 50 years in North Carolina, offers no apologies for a common practice in the U.S. pork industry: mixing feed with a controversial drug that makes the animals grow leaner in the final weeks of their lives. With the Food and Drug Administration allowing farmers to […]

Americans Feeling More Confident About Finding Better-Paying Jobs

(MCT) — A Gallup poll found that 35 percent of Americans think now is a good time to find a quality job — one with a higher wage. That may not seem like much, but the July reading is the highest since December 2007, the start of the Great Recession, and a little better than […]

More Millennials Are Living With Their Parents

(MCT) — More Americans than ever live in multigenerational households, and the number of millennials who live with their parents is rising sharply, according to the Pew Research Center. A record 57 million Americans, or 18.1 percent of the population, lived in multigenerational arrangements in 2012, Pew said in a study released Thursday. That’s more […]

Most Voters Think Market Is Rigged, Poll Finds

WASHINGTON (MCT) — Nearly two-thirds of voters say the stock market is rigged against them and a majority say Wall Street and big banks hurt average Americans, according to poll results released Thursday by a pro-regulation group. The survey commissioned by Better Markets also found that 60 percent of voters support stricter Federal regulation of […]

Home Foreclosures Fall To Pre-Bubble Level

(MCT) — Foreclosure activity in June dropped to its lowest level nationwide since before the housing bubble started to burst nearly eight years ago, a new report said Thursday. The number of homes facing bank auctions, default notices and scheduled auctions totaled 107,194 last month, down 16 percent from June 2013, according to RealtyTrac, a […]

Families Plan Higher Back-To-School Spending, Retailers’ Report Says

(MCT) — Families expect to spend more on school items than they did last year, even though more than 80 percent say the tough economy still affects their spending decisions, according to the National Retail Federation’s annual back-to-school survey. More than a quarter of families plan to take advantage of late-summer deals and shop one […]

Treasury Secretary Asks Congress To Stop Tax-Avoiding Business Maneuver

WASHINGTON (MCT) — Calling for “a new sense of economic patriotism,” a top Barack Obama Administration official urged Congress to take immediate action to stop U.S. companies from reorganizing as foreign firms to avoid paying taxes. The maneuver, known as tax inversion, serves “to hollow out the U.S. corporate income tax base,” Treasury Secretary Jacob […]

Yellen Gives No Hint Of Lowering Interest Rates Soon

WASHINGTON (MCT) — Federal Reserve Chairwoman Janet L. Yellen told Senators Tuesday that the economy still has not fully recovered the recession and did not indicate that central bank policymakers would soon begin to raise rock-bottom interest rates. “Although the economy continues to improve, the recovery is not yet complete,” Yellen told the Senate Banking […]

Citigroup To Pay $7 Billion To Settle Subprime Mortgage Investigations

WASHINGTON (MCT) — Citigroup Inc. said Monday it has agreed to pay $7 billion to settle Federal and State investigations into the sale of defective mortgage investments during the subprime housing boom. California is among several States that will share in the settlement, one of the largest to come from probes into the role of […]

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