Buzz

The Black Forest fire in Colorado destroyed 360 homes and almost doubled in size Wednesday, making it the most destructive fire in the state’s history, KDVR.com reported.

About 38,000 people in 13,000 homes have been affected by the fire, the station reported.

The fire is likely to continue for a couple more days as temperatures are forecast to stay in the 90s through Friday, with winds gusting up to 30 mph, the report said.

"We are watching the weather conditions very closely," Terry Maketa, the El Paso County Sheriff, told the station.

Published in US NEWS

The Black Forest fire in Colorado destroyed 360 homes and almost doubled in size Wednesday, making it the most destructive fire in the state’s history, KDVR.com reported.

About 38,000 people in 13,000 homes have been affected by the fire, the station reported.

The fire is likely to continue for a couple more days as temperatures are forecast to stay in the 90s through Friday, with winds gusting up to 30 mph, the report said.

"We are watching the weather conditions very closely," Terry Maketa, the El Paso County Sheriff, told the station.

Published in US NEWS
Thursday, 13 June 2013 08:57

Jobless claims fall again

NEW YORK (CNNMoney)

Claims for unemployment benefits fell more than expected last week, pointing to further modest improvement in the job market.

About 334,0000 people filed for their first week of jobless benefits last week, 12,000 fewer than a week earlier, the Department of Labor said. It was the lowest level since early May, and slightly better than the 345,000 claims economists had expected.

Initial claims are a choppy indicator from week to week but have largely been hovering around levels last seen in early 2008.

Published in Top Stories

Siegmund championed ADP's market-moving jobs report.

(Fortune)

Diverse forces are focusing unusual attention on ADP(ADP, Fortune 500), the company that administers corporate payrolls covering 16% of all private sector workers in the U.S. With jobs in the news, the company's monthly employment report moves markets. The Affordable Care Act makes employers aware of exactly how many full-time and part-time workers they have -- or want -- under the law's complex definitions. The historic financial uncertainty creates especially interesting tension for the four companies (ADP, Exxon Mobil, Johnson & Johnson, and Microsoft) that still hold triple-A credit ratings.

Published in Top Stories
Thursday, 13 June 2013 00:09

Truckers face big labor shortage

Trucking companies have a shortage of about 30,000 workers currently, and new federal rules that reduce driving hours could create a need for an additional 100,000 drivers.

NEW YORK (CNNMoney)

Trucking companies have already been facing a labor shortage for years. New federal regulations may make it worse.

New rules, set to go into effect July 1, will mean truckers cannot drive more than 70 hours in 7 days. Truckers had been allowed to drive 82 hours under the former rules.

Published in Top Stories

Chief executives for the largest U.S. companies are more optimistic about sales over the next six months and plan to add more workers.

The Business Roundtable said Wednesday that its April-June quarterly survey found 32 percent of its members expect to expand payrolls in the next six months. That's up from 29 percent in the January-March survey. And 78 percent expect their sales to increase. That's up from 72 percent from the previous survey.

Consumers have kept spending this year, despite an increase in Social Security taxes.

Published in US NEWS

liberal-media-biasThe nation’s unemployment rate rose in May to 7.6%. It is usually a troubling sign when the unemployment rate increases; however, the mainstream media reacts differently based on which political party is in power.

 

Published in Latest Buzz

Inmates in New Jersey have been collecting millions of dollars in unemployment, health care and retirement benefits they shouldn't have received, according to a report released Wednesday by the state comptroller's office.

The report shows the state paid inmates $23 million in benefits over 22 months ending in April 2011. Those payments included jobless benefits, Medicaid coverage, food stamps, Work First cash assistance and state pension checks the inmates were not entitled to receive.

"These are vitally important social programs," Comptroller Matt Boxer said.

Published in US NEWS

obama-carterMany conservatives believe that Barack Obama is the worst President since the hapless Jimmy Carter. Now we have the economic data to verify such sensible assertions.

 

Published in Latest Buzz

YUCK1In the brave new world of Barack Obama, the media breathlessly report all of the economic data with a positive spin. On Friday, as the unemployment rate increased for the second straight month, the liberal media was telling us this was good news.

Published in Latest Buzz
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