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From The Wire


To Encourage Saving, Some States Turn To Prizes

(MCT) — Nearly a dozen States believe they’ve found a way to encourage people to save more money — and have fun doing it. And the idea costs not a dime in State funds. Four States — Michigan, Nebraska, North Carolina and Washington — now allow credit unions to offer cash prizes as an incentive […]

Consumers Are Padding Their Checking Accounts

(MCT) — With wounds from the Great Recession still fresh, chastened Americans are hoarding more cash in their checking accounts than at any time in the past 25 years. The defensive stance, uncharacteristic of previous periods of low inflation and an improving economy, reflects how debt-burdened Americans have striven to clean up their personal finances […]

Business Economists Say Sales, Hiring And Pay Are Up

WASHINGTON (MCT) — More companies reported increased sales in the second quarter of the year, fueling a jump in hiring and pay raises, according to a survey of business economists released Monday. After a dismal winter in which bad weather derailed a recovery from the recession, respondents to the National Association for Business Economics survey […]

Tax Inversion Threatens States’ Revenue

(MCT) — American companies that merge with foreign competitors to lower their Federal taxes also cut their State taxes, leaving States to mostly watch helplessly as their tax revenue drains away. A rash of companies has been buying up foreign competitors and then moving their “parent” companies to the foreign sites, a tactic known as […]

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 […]

This NC Candidate Wants Votes, Taco Trucks And Beer Money

(MCT) — As a Libertarian pizza deliverer looking to upset the U.S. Senate race in North Carolina, long-shot candidate Sean Haugh was bound to attract some attention. The hotly contested race between Democrat Kay Hagan and Republican Thom Tillis has drawn more outside spending than any other contest in the country, already drowning voters with […]

Iran Is Pushing Limits On Nuclear Deal, Former Obama Advisor Warns

(MCT) — When Iran and the world powers trying to negotiate a nuclear deal announced late Friday that they would extend their five-month-old talks for an additional four months, they said they had been making “tangible progress” toward a deal. But a former member of President Barack Obama’s inner circle on the Iran issue says […]

Ukraine Prime Minister: ‘Russia Is On The Dark Side’

KIEV, Ukraine (MCT) — Ukrainian Prime Minister Arseniy Yatseniuk had harsh words for Russia and President Vladimir Putin on Monday, saying the country is “on the dark side,” blaming it again for the downing of Malaysian Airlines Flight 17 and demanding that it close its Western border to halt separatist activity in eastern Ukraine. Russia […]

Israeli Shelling Rocks Gaza; Palestinian Toll Tops 500

(MCT) — Gaza’s neighborhoods came under heavy shelling Monday as rockets continued to fly into Israel, and armed encounters between the sides claimed more lives ahead of U.S Secretary of State John F. Kerry’s expected arrival in the region. Even as Kerry and U.N. Secretary General Ban Ki-moon prepare to weigh in and Hamas leader […]

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