One in seven Americans fall into poverty in 2009
The Census Bureau reports 14.3 percent poverty rate with 43.6 million people, the highest working age poverty since the 1960s. Kansas shows 374,000 in poverty as health coverage declines and unemployment remains high. Obama cites Recovery Act aid. analysts note implications ahead of elections.
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Just Food Bank
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Food Bank
Barack Obama
Obama
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Calif
Congress seeks tougher stance on China trade practices
Senators on the Senate Banking Committee pressed Treasury Secretary Geithner to label China’s currency manipulation and other trade methods as harmful, citing a large U S trade gap and U S job losses. FedEx warns recovery uneven and cuts 1700 U S freight jobs to offset domestic losses.
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Congress
China
Obama
Democrats
Senate Banking Committee
Treasury
Timothy Geithner
United States
FedEx
U.S
FedEx Corp
Thursday Market Indices End Mixed Amid Commodities Bounce
The Dow rose 22.10 to 10594.83 while Nasdaq edged up 1.93 to 2303.25 and the S&P 500 slipped 0.41 to 1124.66. Treasuries held at 3.92 percent. Corn traded at 4.96, soybeans fell 6.25 to 10.36, wheat dropped 9.25 to 7.51, and crude oil declined 1.38 to 75.74.
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Dow Industrials
Nasdac
S&p 500
Treasury
Chicago
Kansas City
New York
Two Threats to Economy Shrink but Still Looming
Washington reports show jobless claims fell to 450,000, the third drop in four weeks, while wholesale prices edged up in August. The data temper fears of a new round of mass layoffs or deflation, yet hiring remains weak and layoffs persist, with FedEx cutting 1,700 jobs.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
FedEx
Aging gas lines prompt slow state action nationwide
An Associated Press survey finds Pennsylvania’s oldest pipes reach 120 years, with Massachusetts and other states slow to pursue safety reviews after the San Bruno disaster. Regulators defer until federal findings, while advocates say replacements are unaffordable and risk persists.
MENTIONED IN THIS ARTICLE
San Bruno
Calif
Pennsylvania
Massachusetts
New York State
Associated Press
California
Texas
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Veracruz
Mexico
Dogbert Publishing
Lawrence Memorial Hospital
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Lawrence, KS
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LMH
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