Business News Bits for Thursday, September 3, 2009
Thursday, September 3, 2009
The United States Labor Department would like to implement new regulations that would limit foreign farm workers access to seasonal jobs. The new regulations would require that seasonal farm jobs be offered to Americans first. Under his administration, former President Bush's rules granted foreign seasonal workers easier access to farm jobs. New rules would essentially undo Bush's regulations.
US Airbuses required to replace airspeed sensors
The FAA has required that airlines using Airbuses A330 and A340 replace 2 airspeed sensors on each airbus. The Air France Flight 447 tragedy has prompted the FAA to take notice of United States Airbus planes. In June, 228 people were killed when an Air France Airbus crashed due to faulty airspeed sensors.
Car dealers to receive $500 million repayment
Car dealers are set to receive $500 million in repayments for the Cash for Clunkers program in September.
Biden thinks econ. stimulus plan has proven successful
Vice President Joe Biden is claiming that the economic stimulus plan enacted by President Barack Obama has been successful. His claim overlooks some of the pitfalls of the plan. Currently, there are ongoing investigations into how the government determined which projects were targeted in the stimulus plan.
Florida bank refuses to serve man without an arm
A Florida Bank of America refused to serve an armless patron. The bank refused to cash Steve Valdez's check through his wife's bank account. Valdez provided multiple forms of identification, but the bank continued to insist that the transaction could not be processed without his wife present or without a thumb print. His wife was not near the bank and the bank refused to accommodate Valdez's special needs. Bank of America acknowledges that acquiring a thumbprint from non-members is required, but also acknowledges that the branch could have made special adjustments for Valdez.
Former Dallas Cowboy arrested for mortgage fraud
Thursday, Eugene Lockhart, former Dallas Cowboys player will appear in court after being arrested for mortgage fraud and other crimes. According to the FBI, Lockhart and eight other persons were involved in over 50 fraudulent loan deals.
Oakland U professors strike after wage freeze and health benefits cuts
Talks between a Michigan university's professors and its administrators are set to begin on Thursday. Oakland University professors went on strike after their wages were frozen for a three year period and their health insurance benefits were cut. Classes have been postponed for an indefinite period.
Sigg deceives consumers; BPA present in bottles made before Aug. 2008
Many health conscious and eco-conscious consumers trying to avoid products containing toxic potentially toxic BPA made the switch from plastic beverage bottles to aluminum bottles. Sigg Switzerland Bottles are now saying that bottles made prior to August 2008 had trace amounts of BPA. Sigg sat on this information for some time and knew of BPA in their aluminum bottles since 2006.
Unemployment claims indicate long road to economic recovery
Fewer new unemployment claims indicate that job losses are slowing. Increased claims from individuals already unemployed indicate that a lackluster job market will prove a challenge for economic recovery. Even though the recession is thought to be over, unemployment will continue to rise as the economy attempts to rebalance. Low consumer spending is likely to continue as a result.
August sales still fall, but fewer losses good sign
Despite the back-to-school rush, sales remained unimpressive. Consumers avoided splurging on unnecessary items and opted to purchase only necessary items. As of August sales have consistently fallen for 12 consecutive months. Despite this, retailers' losses are less steep than they have been. Low-priced retailers fared better than more expensive retailers, seeing increased sales.
References
US seeks tighter rules on foreign farm workers
FAA orders replacement of Airbus airspeed sensors
US has paid dealers $500M for 'Clunkers'
FACT CHECK: Biden ignores problems with stimulus
No thumbprint, no money, bank tells armless man
Ex-Cowboy linebacker arrested in mortgage scam
Professors in Mich. Strike, school cancels classes
Anger uncorked at bottle maker Sigg over BPA
Published by H. Kris Thomas
So Cal resident writing poetry and other things...but mostly poetry. View profile
Back-to-School Shoppers Will Spend $7.1 BillionMany states will be having their Sales Tax Holidays the first week of August. Stores will begin to take around $7.1 billion of your money for back to school shopping. Learn mor...- Back to School Shopping: Dollar Store StyleIf you are the parent of a child who will be heading back to school soon, you may be worried about the cost. If you are worried about the cost of back to school shopping, you may want to examine your local dollar store.
- Was Cash for Clunkers a Boon or a Bust to the Economy?The wildly popular Cash for Clunkers program is set to expire soon. Cash for Clunkers allowed people to trade in their gas guzzling vehicles for newer, more economical vehicles.
Cash for Clunkers Ending According to GovernmentThe Cash for Clunkers program is about to come to an end after almost 500,000 cars have been sold, and nearly all of the $3 billion set aside to fund the program has been expended.
Cash for Clunkers - the U.S. Government's New Car Scrappage SchemeThe Cash for Clunkers program may give you money to get that new car or new truck you have been waiting to buy.
- News Bits for Thursday, September 3, 2009
- Back to School Shopping: Tips for Moms to End the Aggravation
- The Best Back to School Shopping in Amarillo
- Back to School for Teachers
- 5 Ways to Save Money on Back to School Supplies
- 18 Tips for Back to School Teachers
- Tax Free Back to School Shopping
2 Comments
Post a CommentGreat information! ^_^
Getting to the news a bit earlier tonight. Glad work is being done on airbus with the amount we fly.