Obama urges lower expectations and bold regulatory push
President Obama urged patience on unemployment while calling for more regulation and spending. He cited March retail sales dropping 1.1 percent and a Dow decline as lawmakers return to tackle a 3.6 trillion budget, health care reform, and greenhouse gas limits.
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Washington
Barack
Commerce Department
Congress
House
Senate
Obama
U.S
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Families curb kid costs amid recession across incomes
Parents cut back on celebrations and activities as job losses strain budgets. Some families pool resources, have smaller parties, and use secondhand items while older teens skip outings and paid sports. Experts urge honest talks and budgeting to teach resilience.
Gas prices seen staying low this summer despite economy
The Energy Information Administration forecasts regular gasoline at 2.23 dollars per gallon from April to September with fluctuations possible into late summer. Crude oil prices are expected to average 53 dollars a barrel this year, aiding pump prices, while U S crude production may rise by 440000 barrels per day to 5.4 million due to two new Gulf of Mexico offshore platforms.
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Washington
Energy Information Administration
EIA
U.S
Gulf of Mexico
Gift certificate firm CertifiChecks files Chapter 7
Dayton based CertifiChecks Inc. filed for Chapter 7 bankruptcy in the Southern District of Ohio after closing in February. The company reported about 1 million dollars in assets and 460 thousand dollars in liabilities, with assets including funds in savings and checking accounts. CertifiChecks operated in 47 states and offered gift certificates up to 100 dollars as promotional items. Ohio Attorney General Cordray noted the likely lack of assets to reimburse holders and warned against depositing redeemed certificates.
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CertifiChecks Inc
U.S
Southern District of Ohio
CertifiChecks
Auto
Mated Case
Chambers of Commerce
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Richard Cordray
Cordray
ArcelorMittal to idle Indiana Harbor plant in East Chicago
ArcelorMittal plans to suspend operations indefinitely at the Indiana Harbor Long Carbon facility in East Chicago and begin layoffs of about 400 workers within roughly 60 days. The move hits a larger works complex employing around 5,000 union and hundreds of nonunion workers amid weak global demand.
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ArcelorMittal SA
Indiana
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