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Neb. utility raises residential rates about 6 pct

Nebraska Public Power District's residential customers can expect their electric bills to go up about $6 a month.

Bank of Korea keeps key rate at record low

South Korea's central bank left its key interest rate at a record low for the ninth straight month Thursday, pledging to maintain low borrowing rates to help extend a recovery in Asia's fourth-largest economy.

Neb. utility eyes 4.9 percent rate hike next year

A year after raising electric rates an average 14.5 percent, the Omaha Public Power District is considering a residential rate increase of 4.9 percent more.

Ore. reduces Avista utility rate hike request

A rate hike of nearly 12 percent requested by Avista Utilities for natural gas customers scattered around rural Oregon has been reduced to about 7 percent by state regulators.

NC electric regulators delay Duke rate hearing

A hearing by electric regulators on Duke Energy Corp.'s request to raise its base rates in North Carolina has been delayed.

Duke agreement would raise NC rates 7 percent

Duke Energy's 1.8 million customers in North Carolina would see power bills rise on average a combined 7 percent over the next two years as part of a tentative agreement with consumer attorneys who had balked at a larger increase.

Bank of Korea keeps key rate at record low

South Korea's central bank left its key interest rate at a record low Friday for an eighth straight month, largely dousing speculation a hike may come before the end of the year and sending stocks higher.

Australia raises interest rate to 3.25 percent

Australia's central bank unexpectedly raised interest rates by a quarter point Tuesday, becoming the first major economy to increase the cost of borrowing amid signs its recovery from the global slump is gaining momentum.

NYC on pace for record-low number of homicides

More New Yorkers are out of work, and the cash-strapped city isn't graduating a new class of police cadets this year. And yet crime is going down — way down.

Canada's inflation rate below zero

Canada's annual inflation rate remained firmly in negative territory in August for the third consecutive month as the relatively low cost of gasoline and energy continued to drag the index down.

Bank of Korea keeps key rate at record low

South Korea's central bank left its key interest rate unchanged at a record low 2 percent Thursday for a seventh straight month as the country emerges from its worst slowdown in over a decade.

Justice Dept.: Violent crime rate unchanged in '08

The Justice Department said Wednesday the rate of violent crime in the United States held steady in 2008.

Canada's central bank holds key rate steady

Canada's central bank kept its key interest rate steady on Tuesday as expected and said the country's economy is beginning to recover from recession.

Canada's annual inflation rate falls below zero

Canada's annual inflation rate dipped below zero for the first time in 15 years in June, as the low cost of filling up at the gas station dropped the overall index to minus 0.3 percent, Statistics Canada said on Friday.

Duke asks for 12.6 percent rate increase for NC

Utility company Duke Energy said Tuesday it will ask North Carolina regulators to increase customer rates by an average of 12.6 percent beginning Jan. 1 as it seeks to recover costs for pollution control equipment and new power lines and plants.

ConsumerMan: A Chase bait and switch?

Until recently, Brian Woods of Akron, Ohio was a happy Chase Bank customer. Several years ago he accepted a promotional offer to use the bank’s “Lower than Prime” balance transfer checks to move high interest debt to his Chase credit card. The Chase solicitation promised: “No tricks. No gimmicks. Just savings.”

Mom, where does the jobless rate come from?

The government reported Friday that the unemployment rate soared to 8.5 percent in March, the highest since late 1983, as employers handed pink slips out to 663,000 workers.

Meltdown 101: Rising savings could slow recovery

The personal savings rate, which was hovering near zero just a year ago, is now at the highest level in more than a decade as a severe recession causes Americans to tighten their belts.

Troubleshooter: Right state, wrong Ramada

I made a huge error when I was making a reservation through Ramada Inn's Web site, and I need your help fixing it.

California not so dreamy for workers

California, a state so large that its economy dwarfs most nations, now has another, less cheery, claim to fame: It is one of the states hardest hit by the country’s unemployment woes.

Answer Desk: Mortgage credit scorecard

It’s no surprise that mortgage lenders have gotten a lot more tight-fisted in the current credit meltdown. Still, rates are lower than they’ve been in years for those who can get a loan. So just how low can your credit score be to still get approved?

ConsumerMan: End to credit card craziness?

Elisa Rizzo of Seattle just got her credit card statement. Her “fixed” interest rate nearly doubled, from 7.99 percent to 14.99 percent, even though she always pays her bill on time and has a good credit score. Why? The bank told her it had to charge the higher rate because of the downturn in the economy. Rizzo says she is “appalled at this action” and wants something done to “stop this madness ASAP!”

Danish central bank cuts interest rate to 3 pct

Denmark's central bank on Thursday lowered its key interest rate by 0.75 percentage points to 3 percent.

Bank of Korea cuts key rate to 2.5 percent

South Korea's central bank cut its key interest rate Friday for the fifth time in just three months to help shore up the country's sagging economy.

Chile cuts interest rate by full point

Chile's central bank is cutting its benchmark lending rate buy a full point to 7.25 percent, citing declining inflation and a need for economic stimulus.

The Vine
Behind the New Jobless Rate
Source: The New York Times

The unemployment rate reached 10.2 percent on Friday, its highest level in 26 years. This graphic explanation of the jobless rate truly shows how far we have yet to go.

U.S. Stocks Advance on Drop in Jobless Claims, Cisco Earnings
Source: Bloomberg.com

What a bunch of crap... How can the fact that we lost 12,000 fewer jobs than last month be more important than the fact that we are still hemorraging 500,000+ jobs per month. Lets just do the math here, for the morons who keep presenting this rosy little fact...

U.S. Stocks Erase Gain as House Votes to Limit Card Rates
Source: Bloomberg.com

U.S. stocks erased most of a 156- point rally in the Dow Jones Industrial Average after a House bill to curb credit-card rates spurred concern about bank earnings, outweighing the Federal Reserve's plan to keep interest rates at a record low.

Pace of job losses slows
Source: CNN

ADP report shows payroll decline lessens. Challenger report points to fewer job cut announcements.

Google Tackles Mortgage Market With New Comparison Ads
Source: TechCrunch

Google has just debuted a new form of advertising called AdWords Comparison Ads — a special kind of ad that will prompt users to view a list of sponsored products in a structured format.

The Wall Street Fraud Watchdog Mocks The California AG's Love Fest With Wells Fargo & Warns About the Economy

The Wall Street Fraud Watchdog has been demanding a settlement from Wells Fargo bank for its involvement in auction rate sales to completely innocent consumers, since July. Auction rate securities were sold as just like cash, completely safe, with no risk.

Apartment Glut Expands
Source: Wall Street Journal

"The U.S. vacancy rate reached 7.8%, a 23-year high, according to Reis Inc."

We are all mutants say scientists
Source: BBC News

Each of us has at least 100 new mutations in our DNA, according to research published in the journal Current Biology. Scientists have been trying to get an accurate estimate of the mutation rate for over 70 years.

Fed to Hike Rates to 7% by Mid-2011: Strategist
Source: CNBC Top News and Analysis

I do not see how the fed could raise rates that dramatically over such a short period of time. I certainly see them raising the rate in order to promote a gradual recovery rather than a quick one. Only a year ago the rate was 2.00%, now it's 0.25%.

Crime in US Drops Significantly, Despite Economic Downturn
Source: Health

From Washington to Oregon, to Vermont, states across the country are tallying lower crime rates over the past few years. Even in 2009, amidst economic downturn, cities like Los Angeles, Dallas and New York have seen a dramatic reduction in violent crime.

Are You a Libertarian, or Do You Just Like the Word?

I just came across an older article by The Anonymous Liberal that perfectly reflects my views on libertarians: What I always find is missing from this debate is the understanding that American politics is THE most economically libertarian in the world.

Obama is right to take on the very rich
Source: Christian Science Monitor

Millions of middle-class American families, once you tally income and payroll taxes, pay far more of their incomes in tax. One particularly striking example from billionaire investor Warren Buffett: In 2006, he paid 17.7 percent of his income in total taxes.

Surgical checklist cuts deaths by 40%, study reveals
Source: Guardian Unlimited

Surgeons in every hospital in the country will be required to run through a brief checklist before they operate, which will include establishing the identity of the patient and the operation they need, after a trial showed the simple procedure could cut deaths by 40%.

New Nursing Home Ranking System
Source: msnbc.com

The Centers for Medicare and Medicaid Services have just launched an online ranking system for nursing homes across the country. The system judges the facilities based on staff, quality of care, and health inspections.

U.S. economy shrank in the third quarter
Source: msnbc.com

The U.S. government said Thursday that the nation's economy shrank at a 0.3 percent pace in the third quarter, signaling onset of possible recession.

Global effort thaws credit freeze
Source: CNN

The overnight Libor rate fell to 1.51% from 1.67% Friday, according to Bloomberg.com. Libor is a daily average of what 16 different banks charge other banks to lend money in London and is used to calculate adjustable rate mortgages.

Why You Can't Believe Government Statistics; Part 1– The Real Unemployment Rate
Source: consumerwarningnetwork.com

The real unemployment rate is higher than you think.

Spat with Rogers leaves Canadian Apple stores without iPhones
Source: Apple Insider

Apple, disgusted with Rogers Wireless for dumping egregious service plans on would-be iPhone 3G buyers, has decided that its Canadian retail stores will have no part in helping the carrier market the new handset to customers, AppleInsider has learned.

Apple punishing Rogers Canada for expensive iPhone rates?
Source: Apple Insider

After raising the ire of its customers with what are believed to be overly expensive iPhone 3G plans, Canadian provider Rogers Wireless is allegedly being punished by Apple with fewer shipments.

Fed likely to cut U.S. rates
Source: Reuters

The U.S. Federal Reserve is expected to put an exclamation point on its string of interest- rate cuts with a small reduction this week.

Euro scales $1.60 for first time
Source: BBC News

It rose as high as $1.6019 as weak US housing market data underscored fears over the health of the US economy. The euro was trading at 80.08 pence, near the record high of 80.98p hit last week.

Meralco prices up on spot-market rate hike
Source: business.inquirer.net

Customers of the power retailer Manila Electric Co. (Meralco) will get bigger electricity bills in March after the company's generation charge surged by almost P0.20 per kilowatt-hour because of a spike in the average price on the wholesale electricity spot market in February.

Fed's Rate Cut May Speed Rebound by U.S. Economy - Economy * US * News * Story - CNBC.com
Source: CNBC Top News and Analysis

75bps is not enough... we need to see another 50bps....

Homeowners face a 60 per cent jump in mortgage rates
Source: the Mail online

More than a million homeowners face a jump in mortgage payments of up to 60 per cent when their cheap fixed-rate deals end. Analysts fear the impact will result in a surge in repossessions.

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