Stocks up on jobs report

Posted by | Posted in bad credit debt consolidation | Posted on 02-12-2011

Diane Alter – AHN News Reporter

New York, NY, United States (AHN) – The United States logged another month of lackluster job growth in November, but the mediocre growth was enough to push the unemployment rate down to 8.8 percent.

The Labor Department said Friday that employers in the nation added 120,000 jobs in November, after adding 100,000 jobs in October. The unemployment rate fell to 8.6 percent after having remained stagnant at around 9 percent for most of 2011.

November’s jobless rate was the lowest recorded since March 2009. For investors, that was good enough to spark a rally on Wall Street.

Just after the opening bell, the Dow Jones Industrial Average jumped 92 points, the Standard & Poor’s 500 Index rose 10 points and the NASDAQ climbed 21 points

Also adding optimism to stocks was news out of Europe that suggests European leaders appear more willing to engage in a tighter fiscal union.

European markets were broadly higher after German Chancellor Angela Merkel called a proposal to create national funds to administer excessive debt in eurozone nations an “interesting idea.”

Commodities were also gaining ground. Oil was trading up a half a dollar at $100.70 a barrel and gold was better by $15 to $1,756 a troy ounce.

Article © AHN – All Rights Reserved

View full post on Labor Stories

Read More

Rural poor at risk from climate change, says report

Posted by | Posted in credit repair | Posted on 30-08-2011

PHNOM PENH, Cambodia (IRIN) – Building local resilience will prove key to better addressing the effects of climate change in Cambodia, this year’s Cambodia Human Development Report (CHDR) states.

“Local action and local solutions are what is needed most,” Tin Ponlok, deputy director-general of climate change for the Cambodian Ministry of Environment, told IRIN. “This is where we can make the most difference.”

Released on 30 August, the report, Building Resilience: The Future for Rural Livelihoods in the Face of Climate Change, identifies climate change as a threat to human development gains and a source of increasing vulnerability for Cambodia’s poor.

About 80 percent of Cambodia’s- million people live in rural areas, where the vast majority depend on agriculture as their primary source of livelihood.

According to the UN Development Programme (UNDP), shorter and more intense rainy seasons, combined with longer and drier seasons, are expected to significantly alter the country’s agricultural landscape. Predicted rises in temperature could have devastating effects on the rice crops on which many rural livelihoods rely.

Studies in the region suggest rice production, a staple part of the Cambodian diet, could decline significantly with a one degree Celsius rise in temperature, making rice farming unviable for many, the CHDR report says.

“Seasonal practices are now changing and the growing cycle for rice is changing more and more,” said Richard Friend, co-author of the report, noting the potential impact this could have on Cambodia’s overall rice output.

“Many farmers lose their seedlings when the rains are delayed,” he said. “The rains appear to be coming later than usual in line with climate change projections for Cambodia and the region.”

About 80 percent of Cambodia’s rice output is rain-fed.

Speaking at the report’s launch, Deputy Prime Minister and Minister of Economy and Finance Keat Chhon said although climate change was already high on the government’s agenda, it must now be thoroughly incorporated into strategic policies and action plans across all sectors at the national and sub-national levels to build future resilience.

“This needs to be done particularly in the sectors that are the backbone of the national economy such as agriculture, water resources, fisheries, forestry, energy and physical infrastructure,” he said.

The report argues for a well coordinated effort to build climate resilience among the country’s rural population in four key areas: water resources, agriculture, forestry and fisheries.

In 2010, delayed rains demonstrated the extreme dependence of rural people’s well-being on the regularity of seasons, controlled by the climate, and the availability of natural resources such as water.

The late onset of last year’s rainy season resulted in record-low water levels in the Tonle Sap and Mekong rivers at a time when many poor farmers were still reeling from the loss of their crops to Typhoon Ketsana in 2009, the report explained.

ds/mw

– Provided by Integrated Regional Information Networks.

Article © AHN – All Rights Reserved

View full post on Social Issue Stories

Read More

Report: Only 25 percent of American teens have summer jobs

Posted by | Posted in bad credit debt consolidation | Posted on 07-07-2011

Vittorio Hernandez – AHN News

Washington, D.C., United States (AHN) – Only one fourth of American teens had summer jobs, down from 45 to 60 percent from the 1950s through the 1990s.

A 2010 analysis by the Economic Policy Institute of the falling summer job rate among young Americans observed that for the same period the number of idle young people also went down. The institute pointed out that the recent recession is not the culprit since young people started to opt out of the labor market in 2007.

One possible explanation is the increase to minimum wage in 2009 to $7.25 an hour from $5.15 an hour in 2007. But it only partly explains the phenomenon.

Young Americans instead prefer to attend summer school such as test preparation, advanced, and remedial classes over working during the school break, according to the EPI report. Reports said more than 50 percent of the youth now go for summer school compared to only 17 percent in 1985.

A Bureau of Labor Statistics economist explained that the change could be because of the greater academic demands and pressures students face as college admissions become more competitive and families become wealthier.

The economist and EPI also pointed to greater competition from immigrants and from retiring baby boomers for poorly paid summer jobs in the retail, service and construction sectors.

Article © AHN – All Rights Reserved

View full post on Labor Stories

Read More

Report: 26 babies in Britain with cleft problems aborted

Posted by | Posted in credit repair | Posted on 05-07-2011

Vittorio Hernandez – AHN News

London, England, United Kingdom (AHN) – Data released by Britain’s Department of Health showed that from 2002 through 2010, almost 18,000 abortions were performed in the country due to substantial risks to the baby being seriously handicapped or deformed.

Of this number, 26 were fetuses with cleft lips and cleft palate problems. Another 27 fetuses with congenital malformation of the ear, eye, face or neck were also aborted during the same period. One abortion, performed in 2003, involved a fetus that was more than 24 weeks old, which is beyond the legal limit for terminating pregnancies.

The department was forced to share the eight-years of data with ProLife Alliance, an anti-abortion group, which in turn disclosed parts of the statistics to media on Monday. British High Court Justice Sir Ross Cranston ruled in April that the Information Tribunal was correct in its 2009 decision that the Health Department should release the data.

The department opposed the release because of the risk of identifying the identities of women who had Ground E abortions if the data were pieced together with other information in the public domain. However, Cranston said it was an extremely remote risk.

Ground E abortions compose about one percent of the 200,000 abortions made in England and Wales yearly.

Prolife groups hailed the court victory because the data gave the unborn disabled a voice.

Rev. Joanna Jepson, a rector of the Church of England Rector who was born with an overhanging jaw, expressed shock at the abortion of fetuses with cleft lips or palates, because it is a condition that could be corrected surgically.

In 2011, Jepson challenged the legality of aborting a 28-week fetus with cleft palate, which led to the naming in the Internet of the medical consultant who performed the procedure. In turn, it led the Department of Health to stop releasing detailed abortion statistics because it compromised the identity of patients and doctors

ProLife challenged the DOH decision in 2005 and the six-year court case ended in April in favor of the former.

Article © AHN – All Rights Reserved

View full post on Social Issue Stories

Read More

Report: Mobile payments risky for consumers

Posted by | Posted in bad credit debt consolidation | Posted on 22-06-2011

CU report highlights how protections vary widely when consumers pay with their mobile phones

View full post on Consumer Protection Stories

Read More

Report: Mobile payments could be risky for consumers

Posted by | Posted in bad credit debt consolidation | Posted on 17-06-2011

CU report highlights how protections vary widely when consumers pay with their mobile phones

View full post on Consumer Protection Stories

Read More

Private Label MBS Revival Not Happening Soon

Posted by | Posted in improve credit | Posted on 26-05-2011

In a new report, Standard & Poor’s Ratings Services said that “U.S. private-label residential mortgage-backed securities have faded into the shadows.” The ratings agency noted that it was the housing market that was a primary contributor to the exit of investors in private-label RMBS. The report indicated that it will be several years before any recovery arrives.

View full post on Mortgage Stories

Read More

Study: USDA still plagued by civil rights problems

Posted by | Posted in clean credit | Posted on 11-05-2011

A new report says the Agriculture Department is still plagued by civil rights problems after decades of discrimination against minorities seeking farm loans and other services.

View full post on All Stories

Read More

The Credit Report

Posted by | Posted in improve credit | Posted on 26-04-2011

A Federal Trade Commission report to Congress discussed the consumer protection agency’s study on credit report accuracy. Mortech Inc. said that an instant-access, credit-reporting-agency connectivity portal has been created for it clients. Survey results reported by Mortgage Marval indicated that the national average credit score was 735.

View full post on Mortgage Stories

Read More

Adding It All Up: How Prepaid Card Fees Compare to Checking Account Fees (report)

Posted by | Posted in bad credit debt consolidation | Posted on 18-04-2011

Prepaid cards are reloadable cards that can be used just like checking account-linked debit cards

View full post on Consumer Protection Stories

Read More

Powered by Yahoo! Answers