Sacramento Observer
ATLANTA – The number of consumers with subprime credit scores is shrinking across the country, according to new data from Equifax. The total number of consumers with Equifax credit scores below 620 fell 2.1%, or by about 1 million consumers, in the third quarter of 2012 versus the third quarter of 2011. The overall share [...]
WASHINGTON — U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting higher Social Security taxes that left Americans with less take-home pay. The Conference Board said Tuesday that its consumer confidence index dropped to 58.6 in January. That’s down from a reading of 66.7 in December and the [...]
STATEWIDE – The first-ever California statewide business plan competition has officially launched. The competition is encouraging California’s young people, between the ages of 14 and 27, to write a business plan and compete to win a combined cash prize of $15,000. The competition has been branded as the “BEC Boost.” The BEC, an initiative of [...]
NEW YORK — Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over. And the situation is even worse than it appears. Most of the jobs will never return, and millions more are likely to vanish as well, [...]
NATIONWIDE – Most professional job searches these days are at least started on the Internet. Yes, the big job boards are worth trolling, but if you’re a serious job hunter, you need more information than just a job posting — you need to dig deeper to research and network before you blindly shoot off a [...]
OPINION – The recent joint announcement by two key federal regulators believed a negotiated agreement with 10 mortgage servicing firms would help more than 3.8 million consumers who were wrongfully foreclosed during 2009 and 2010. Brokered by the Federal Reserve and the Office of the Comptroller of the Currency (OCC), mortgage servicing firms agreed to [...]
WASHINGTON – As lawmakers battled over tax rates and budget cuts, 155,000 Americans found work in December, according to the latest jobs report from the Labor Department. The gains were right in line with the average of 153,000 jobs added per month in 2012, indicating slow, steady growth in the economy. Even though the national [...]
WASHINGTON – While President Barack Obama and the Congress remain engaged in a never ending battle over the nation’s fiscal matters, Americans continue to struggle with their own share of fiscal fracases. The discussion over whether to lift the nation’s debt ceiling or increase taxes on the wealthy, is only a distraction from the greater [...]
SAN FRANCISCO — Attorney General Kamala D. Harris today filed a civil lawsuit against Phillips 66 and ConocoPhillips for allegedly violating state law by failing to properly inspect and maintain underground tanks used to store gasoline for retail sale at more than 560 gas stations in California. “The state’s hazardous waste laws help protect our [...]
WASHINGTON — While the tax package that Congress passed New Year’s Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013. That’s because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. [...]
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