Fresno Teens Fail to Benefit from Stimulus Job Push
In Fresno, an AP review shows the 1.2 billion federal teen jobs program left about 25 percent of 279,169 youths without positions as adults crowded into low wage posts. Government audits warn that measures may misstate success while youth unemployment hit 18.5 percent in July, the highest since 1948 for ages 16 to 24.
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Banks plan new profit sources as overdraft fees fall
Banks will seek to offset lost overdraft income by introducing new fees and products. Analysts expect shifts toward minimum balances, bundled services, and encouraged use of online banking, with branch networks potentially shrinking as overdraft scrutiny rises.
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