Gas prices absorb most of Social Security tax cut benefits
Americans earned more from the Social Security tax cut but spent much of the extra income on higher gas costs. Personal incomes rose 0.3 percent and spending 0.7 percent, yet after inflation spending grew 0.3 percent while after tax income fell 0.1 percent. Gasoline prices rose over 50 cents this year, averaging $3.58 nationwide.
MENTIONED IN THIS ARTICLE
Washington
Chris G. Christopher Jr
IHS Global Insight
Commerce Department
Barack Obama
AAA
Mark Zandi
Moody's Analytics
Supreme Court to hear Wal-Mart sex bias class action
Plaintiffs led by 46 year old Chris tine Kwapnoski argue Wal-Mart and Sam’s Club stores in Missouri and California foster pay disparities and slower promotions for women. The case seeks class action status potentially covering 500,000 to 1.6 million women and could reshape Title VII discrimination litigation according to observers.
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California
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Ohio gas prices hold steady amid rising oil costs
Ohio drivers pay about 3.55 dollars per gallon for regular gas according to AAA and partners. The average is up one cent from last week and about 20 cents higher than a month ago, with prices far above last year's level as Libya conflict persists.
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Libya
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Oil Price Information Service
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TechShop Opens In San Francisco For Inventors And Startups
In the South of Market district TechShop offers a 17 000 square foot workshop with wood metal and plastics shops an electronics lab 3-D printing and laser cutters. Members pay from 100 a month to access industrial equipment and office space as founder Jim Newton and CEO Mark Hatch push plans to expand to other cities.
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Marie LaCour
Airlines' Latest Fare Hike Fails Over Weekend
Dallas report shows United Continental Delta American and US Airways led a push to raise U S round trip fares by ten dollars but discount carrier Southwest and other low cost airlines rejected the move. After prior increases from December through February the two latest efforts collapsed revealing consumer price tolerance.
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Officials target smartphone apps for checkpoints
Delaware Attorney General Beau Biden and Maryland Attorney General Doug Gansler urged Google and Apple to ban iPhone and Android apps revealing drunken driving checkpoints. The two attorneys general said such apps enable users to dodge law enforcement and compromise road safety.
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