Jul 31st, 2012
LOS ANGELES—When Los Angeles Mayor Antonio Villaraigosa gavels the 2012 Democratic National Convention into session in Charlotte, N.C., this September, his role as prominent cheerleader for President Barack Obama will be clear.
It is less clear, for now, if Villaraigosa has designs on the ultimate convention role in 2016—taking center stage to accept his party’s nomination on the final night.
Jul 26th, 2012
CHICAGO (Reuters) – The historic drought experienced by the United States has worsened this week in the Midwest and the American Great Plains, noted climate experts in a study published Thursday.
These areas provide the majority of corn, soybeans and livestock produced by the United States.
About 30% of the nine states that make up the Midwest suffered from extreme drought between 17 and 24 July, three times...
Jul 18th, 2012
Washington – Consumer prices were unchanged in June in the U.S., lower gasoline prices offset increases with those of food and health care.
Excluding items whose prices are more volatile as those in categories such as diet and energy, inflation remained low at 0.2% in June. This is the fourth consecutive month as core inflation rises at this rate.
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Jul 16th, 2012
PITTSFIELD, USA – Lester Slate American who had learned to use a parachute in the Second World War has finally had the opportunity to make his first jump at the venerable age of 90.
On Sunday Lester Slate jumped in tandem in Maine, accompanied by another skydiver who was holding an American flag.
He had decided to offer this special gift for his 90th birthday, under the eyes of fifty families.
He told the...
Jul 14th, 2012
San Francisco – Yesterday Wells Fargo Bank reported profits up 18% for the second quarter, which it attributed to a resumption of lending activity and a decrease in the value of its bad debts.
The institution has posted a profit of 4.4 billion U.S., compared with earnings of 3.7 billion the same quarter a year earlier. All loans from Wells Fargo rose. The number of commercial and industrial loans increased and...
Jul 9th, 2012
Philadelphia – The eastern half of the United States is affected by the heat wave that killed at least 30 dead in recent days.
Saturday, temperatures are mounted to a record 40.5 degrees Celsius in Washington, 41 degrees in St. Louis and 40 in Indianapolis.
At least 30 deaths were attributed to this wave of intense heat, including nine in Maryland and 10 in Chicago, mostly elderly. Three elderly people found...
Jul 6th, 2012
WASHINGTON (AP) — U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows the economy is still struggling three years after the recession ended.
The unemployment rate was unchanged at 8.2 percent, the Labor Department said Friday.
The economy added an average of just 75,000 jobs a month in the April-June quarter — one-third of the pace in the first quarter.
Jul 5th, 2012
Washington – On Tuesday the nine largest banks in the United States said the U.S. government how they could be dismantled and sold in a bankruptcy.
The Federal Deposit Insurance U.S. has announced details of “living wills” filed by Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS. These documents were required under rules...