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Burlington Times News Newspaper Archives Sep 5 2015, Page 3

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Burlington Times News (Newspaper) - September 05, 2015, Burlington, North CarolinaMcguffey Chukka $125.00 Hayes Tassel $109.99 valid through 9/20/15. $25 Reward certificate Good through 10/31/15 on regular priced Johnston amp Murphy shoes priced $99.99 or higher Section varies by it had Stort Call 1-Iuu-j45527i- to yid a Dillard s stare near you. Ssh a a earn Points toward your Choice of rewards when you use your Dillard s card. Visit for More details a subject to credit approval. See store associate for . Sam .s.wisi. . Jobless Pate Falls to 7-Yeap Lowthe associated press Washington . Unemployment fell to a seven year Low of 5.1 percent last month but hiring slowed a a mixed bag of news that offers few clues to whether the Federal Reserve will raise Rock Bottom interest rates later this month. The labor department report issued Friday was closely watched because it will be the last snapshot of the Job Market before the fed meets in two weeks. And Overall it painted a picture of an Economy growing at a modest but steady Pace seven years after the great recession. But it Wasny to the unambiguous signal Many on Wall Street were hoping for. The unemployment rate fell from 5.3 percent in july to its lowest Point since 2008 and is now at a level fed officials say is consistent with a healthy Economy. But employers added a moderate 173,000 jobs in August the fewest in five months. A anyone hoping today a data would Clear up the timing of the feds first rate hike in years will be sorely disappointed a said Megan Greene chief economist at John Hancock asset management. Nevertheless the Prospect of higher interest rates weighed heavy on the Stock Market Friday with the Dow Jones Industrial average plunging 272 Points or 1.7 percent. Higher rates Rise would most Likely push up borrowing costs for mortgages and other Loans for Consumers and businesses and some on Wall Street fear that could put a Damper on corporate profits and the larger Economy. The fed Cut the Short term rate it controls to a record Low of near the associated press workers paint the Julien Dubuque Bridge along . 20 on aug. 24 in Dubuque Iowa. By Zero in december 2008 to try to stimulate growth during the great recession. For months fed officials have been saying the Economy appears to be getting Strong enough to tolerate the first increase in interest rates in a decade. They have signalled that they might raise rates at their sept. 16-17 meeting. Yet other factors have clouded those predictions lately. For one thing there Are signs that China a Economy the second largest in the world is stumbling which could drag Down global growth. The slowdown has already caused violent swings in the financial markets that could undermine consumer Confidence. Fridays report suggested to Many economists that the . Job Market at least has satisfied the feds criteria. Quot we re Well on our Way to full employment if we Arentt already there a said car Tannenbaum chief economist at Northern Trust and a former fed official. Even the slip in hiring last month May not end up As bad As it looks. Augustus jobs totals Are typically revised much higher in later months because of the difficulties in adjusting the data for the end of millions of summer jobs. Also consumer spending has been healthy and has been powering Job growth at retailers restaurants and hotels. State and local governments added 31,000 jobs in August while health care gained 40,500. Michael ranter president and co owner of Cambridge naturals a health products store in Cambridge mass., plans to add two workers to his 20-person staff to handle increased foot traffic and sales. Key democrats to oppose Iran Deal the associated press Washington a White House Hopes for stopping a congressional Challenge to the Iran nuclear Deal and sparing president Barack Obama from using a veto suffered a blow Friday when a key Senate Democrat announced his opposition. The setback came in the announcement from sen. Ben Cardin of Maryland a Sci in top Denno fir Erat on the Ipi foreign relations <im1111tiec. Liat 111 of poses the Cardin Deal which he said Quot legitimizes Iran a nuclear carding a move does no to affect the ultimate outcome for the International Accord to curb Iran a nuclear ambitions in Exchange for Relief from economic sanctions. The White House already clinched the necessary Senate votes to ensure that even if Obama ends up having to veto a disapproval Resolution set for a vote next week his veto would be upheld. But with that support in hand and More piling up the White House and congressional backers of the Deal had begun aiming for a More ambitious goal enough commitments to bottle up the disapproval Resolution in the Senate with a filibuster preventing it from even coming to a final vote. Quot this is a close Call but after a lengthy review i will vote to disapprove the Deal a Cardin wrote in an opinion piece in the Washington Post. Quot after to to 15 years it would leave Iran with the option to produce enough enriched fuel for a nuclear weapon in a Short Cardin made his announcement As Obama met at the White House with King Salman of saudi Arabia in part to offer assurances that the Deal signed by the ., Iran Britain France Germany China and Russia comes with the necessary resources to help Check Iran a regional ambitions. Saudi officials have cautiously supported the Deal but Are worried about enforcement and whether an iranian government flush with Cash after sanctions Are lifted will wreak havoc throughout the Middle East. Before the meeting began Obama said in the Oval office that the leaders would discuss Quot implementing the Deal to ensure that Iran does not have a nuclear weapon while counteracting its destabilizing activities in the , nation saturday,septembers,2015 a3 nation briefs from wire reports pier killing suspect will stand trial san Francisco a a judge has ruled the mexican National who allegedly shot and killed a woman on a pier setting off an intense debate on illegal immigration should stand trial for murder. There is enough evidence to conclude that Juan Francisco Lopez Sanchez shot and killed rate Steinle 32, As she walked with her father on pier 14 on july i Superior court judge Brendan Conroy said. Two ballistics experts testified the Bullet that killed her ricocheted off the pier deck about 90 feet before striking her. One called the shooting an Accident. Lopez Sanchez a Public defender Matt Gonzalez said it make no sense that his client intentionally killed Steinle and said he was looking Forward to presenting an accidental death theory to a jury. Re a. To Johnston amp Murphy through september 20, receive $25 off your next Purchase of Johnston amp Murphy footwear when you buy any pair of regular priced Johnston amp Murphy shoes. Band member gets four years for death Ori an do Fla. A a Florida a amp a University band member who played a role in the hazing death of a fellow student in 2011 was sentenced Friday to four years in prison. Caleb Jackson pleaded no contest to manslaughter and felony hazing in 2013 for his role in the death of drum major Robert Champion in Orlando. I in faced As much As 35 years in prison. Fifteen former Fame band members were charged in champions death. Dante Martin the accused ringleader received the harshest sentence of 6 1/2 years in prison. Oil spill backs up traffic on River Columbus . Coast guard is using Aerial observations of the Mississippi River to try to determine the location of More than 120,000 Gallons of Oil that spilled after two boats collided in Kentucky. More than 30 vessels were backed up by midday Friday As a stretch of the River remains closed. Cleanup Crews Are trying to locate clarified slurry Oil that leaked into the River after the collision wednesday evening. Coast guard chief Petty officer Bobby Nash said a flyover of the area is meant to help officials get a better idea of where most of the Oil is and How much can be recovered

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