Consumer confidence rises in August amid hopeful hiring outlook
The Conference Board reports the consumer confidence index at 81.5 in August, up from 81 in July and just below June’s 82.1 high. Income expectations hit a 22-year peak while views on current conditions dipped slightly. analysts cite stock gains, job creation, and housing recovery as drivers. The index remains well short of the 90 level signaling a healthy economy.
MENTIONED IN THIS ARTICLE
Washington
Conference Board
Lynn Franco
Jim Baird
Plante Moran Financial Advisors
U.S
Rim Fire in Sierra Nevada Becomes California’s Seventh-Largest
Drought and long fire suppression left Sierra Nevada forests with heavy fuel as the Rim Fire near Yosemite expanded to 282 square miles. Containment rose to 20 percent with 4,500 structures threatened. Fire ecologists warn warmer summers will worsen fires, but past burns show prescribed methods can limit damage.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
Sierra Nevada
Yosemite National Park
Sierra
California
Tuolumne City
Hugh Stafford
U.S. Forest Service
Tle
Stafford
Fort Hood gunman declines witnesses in penalty phase
Maj. Nidal Hasan rested his case without presenting evidence in the Fort Hood attack penalty phase. The jury convicts Hasan last week of the assault that killed 13 and wounded over 30 at the Texas base. Closing arguments approach as Hasan acts as his own attorney with limited defense.
MENTIONED IN THIS ARTICLE
Fort Hood
Nidal Hasan
Hasan
Texas
Col
Tara Osborn
Maj
Osborn
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