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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 04, 2012
Page
6
President Obama addressed Iowa Democrats via teleconference to stress the high stakes of the 2012 election. He cited progress including the end of the Iraq War, passage of health care reform, and repeal of don't ask, don't tell. Democrats estimated attendance exceeded 25,000 as he prepared for a Cleveland economy event.
Heather Peters, a Los Angeles state employee and ex-lawyer, takes Honda to small claims court over alleged 50 mpg promises for her 2006 Civic Hybrid. She claims the car delivers about 30 mpg, seeks up to 10,000 dollars, and notes potential wider impact if others follow suit. Honda cites varying mileage based on driving conditions and options.
U S manufacturing expanded in December with ISM index at 53.9 signaling expansion and the strongest month of growth since spring. Builders increased November spending on single family homes and remodeling, aiding a momentum shift as Wall Street opened 2012 higher.
The Federal Reserve will begin four yearly announcements detailing how long it will keep short term rates steady, per December meeting minutes. The move aims to boost transparency for borrowers and investors about future borrowing costs, with some economists predicting potential further easing to stimulate growth.
On Tuesday the Dow Jones Industrial Average climbed 179.82 points to 12,397.38 while the Nasdaq gained 43.57 to 2,648.72 and the S&P 500 rose 19.46 to 1,277.06. Treasury yields edged to 2.99 percent. Commodities posted gains with corn up 12 cents to 6.59, soybeans up 19.75 cents to 12.28, wheat down 4.5 cents to 7.13, oil up 4.13 to 102.96, gold up 33.70 to 1,600.50, silver up 1.66 to 29.57 and platinum up 27.60 to 1,432.50.
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