Saving Slump Deepens Amid Weak Savings in 2006
The Commerce Department reports a 2006 personal savings rate of negative 1 percent the worst in 73 years signaling households are spending beyond take home pay. Borrowing and dipping into savings drove refinancings and a $900 billion boost in spending as already low rates encouraged home loans.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
Nancy Harvin
Washington
Pew Research Center
Federal Reserve
Fed
Senate votes to raise minimum wage to 7.25 an hour
The Senate approved a 2.10 increase to 7.25 per hour over two years in a 94 3 vote while pairing the wage rise with tax cuts for small businesses and higher taxes for many executives. The move marks a major Democratic priority and faces reconciling with the House package.
MENTIONED IN THIS ARTICLE
Senate
Washington, D.C
Congress
America
Edward Kennedy
D-Mass
Michael Enzi
Rwyo
House
Jim Manley
Boston rests after Aqua Teen Hunger Force hoax scare
Two men, Peter Berdovsky and Sean Stevens, were released on 2500 dollars bond as Boston, recalling 9 11, sought restitution for the Cartoon Network hoax. Police found 38 blinking signs on bridges and public spaces prompting bomb squads and highway closures.
MENTIONED IN THIS ARTICLE
Boston
Charles River
New York City
Edward Davis
Associated Press
Davis
New England Medical Center
Fenway Park
New York
Empire State Building
Brooklyn Bridge
Peter Berdovsky
Sean Stevens
Also Mentioned on This Page
Jess
Scott Cooke
Nancy Pelosi
D-Calif
Harry Reid
D-Nev
Aiken
OUR
Allstate
Ron Grooms
Silver Bluff RD
Allstate.com
Allstate Firene
Northbrook, IL
Kersben Naugusiacom
Center For Primary Care
Family
Rob Suykerbuyk
David Jester
Jerry Lambert, MD
CPC
North Augusta
Drs. Suykerbuyk, Lambert
Jester
Auguste
Hugh
Knox
Georgia Avenues
Berdovsky
Stevens
Ats
Phonae
Hearing Associates of
South Carolina
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