Slow housing decline may slow U S growth into 2007
The housing market slowdown is expected to drag U S economic growth into 2007, with GDP seen at about 2.3 percent. Unemployment may rise to 5 percent, while consumers keep spending amid wage gains and lower oil prices, despite mortgage-related job losses in housing sectors.
MENTIONED IN THIS ARTICLE
Washington
U.S
Nariman Behravesh
Global Insight
Federal Reserve
Behravesh
David Wyss
Standard & Poor's
New York
Gulf Coast
Goldman Sachs
Airless tires eyed to save troops in Iraq
Wausau Wisconsin engineers backed by the Pentagon pursue airless tires for Humvees. The plas tic filled tires use compressed polymers to resist heat and shrapnel, aiming to keep vehicles moving after blasts. A prototype exists and a government contract funds further development.
MENTIONED IN THIS ARTICLE
Wausau
Wis
Pentagon
Iraq
Ali Manesh
Manesh
Jim Dobbs
Robert Lange
Resilient
Augusta Systems Inc
West Virginia
American Science and Technology Corp
Chicago
Wadal Plastics Inc
Medford
Lange
Ford and Microsoft team on Sync automotive software
Ford Motor Co and Microsoft plan to unveil a Windows Automotive system named Sync to bring car computing features like hands free calling music downloads and email to Ford models. The joint announcement is expected at the Detroit Auto Show and CES Las Vegas with 2007 US availability and phased Ford Lincoln Mercury model rollout starting 2008.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Microsoft Corp
Ford
Microsoft
Las Vegas
U.S
Engadget
Wall Street Journal
California Minimum Wage Raised to 7.50 An Hour
California's lowest-paid workers gain a 75 cent raise to 7.50 per hour affecting about 1.4 million people. The move, first since 2002, places the state near the top for wages with a future 50 cent increase planned to push California to first in the nation. The change adds 1,560 dollars yearly for a 40 hour week, and follows a three-year push by lawmakers and unions. Gov. Schwarzenegger approved after dropping automatic cost-of-living links to future increases. Workers in janitorial, fashion, hotel, and restaurant fields welcome the raise but expect modest impact on household finances.
MENTIONED IN THIS ARTICLE
Sacramento
Calif
California
U.S
Suade
Arnold Schwarzenegger
Washington DC imposes bar smoking ban drawing mixed reaction
Washington DC extends its smoking ban to bars and nightclubs after New Year’s Day, prompting worry from some business owners about losing customers to Virginia. Officials argue bans don’t hurt business and may attract non-smokers, while Maryland and Virginia lack statewide bans.
MENTIONED IN THIS ARTICLE
Washington
District of Columbia
Virginia
Jody Taylor
Black Rooster
D.C
Adrian M. Fenty
Fenty
Arlington County
Paul Ferguson
Americans For Nonsmokers
California
Arizona
Nevada
Ohio
Britain
Maryland
U.S. House
Nancy Pelos
Also Mentioned on This Page
Martin Cruisinger
The
Associated Press
Resilient Technologies
Project
Washington, D.C
Bert Doyle
Silver Spring
Melissa Fredericks
Arlington
Lucky
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