Obama Vetoes Keystone Bill

Posted On February 24, 2015

(Washington, DC) -- It's back to the drawing board for supporters of the Keystone XL oil pipeline after President Obama vetoed a bill approving the project. The Republican bill aimed to bypass the President's authority and authorize construction of the controversial pipeline. GOP House Speaker John Boehner called Keystone an important jobs bill and said…

Consumer Confidence Falling

Posted On February 24, 2015

(New York, NY) -- Consumers' faith in the strength of the economy is dropping. Tuesday's report from the Conference Board showed consumer confidence in February dropped to 96.4, down from January's revised reading of 103.8. The drop was driven largely by a recent increase in gas prices.

Mall Of America Urged To Drop No Guns Policy

Posted On February 24, 2015

(Bloomington, MN) -- The owners of Minnesota's Mall of America are being urged to drop their "no guns" policy in the wake of the threat from the al-Shabaab terrorist group. After a tweet was sent from the mall's official Twitter account reminding visitors that the mall "bans all guns from the premises," Minnesota state Representative…

Yellen Cites Improving Economy; Hints At Interest Rate Hikes

Posted On February 24, 2015

(Washington, DC) -- With a steadily improving economy, Fed Chair Janet Yellen is hinting at interest rate hikes.   In a Senate hearing Tuesday, Yellen said Fed policymakers will continue to be "patient" while assessing inflationary pressures and the need for rate hikes in the not-too-distant future. Yellen noted that consumer spending is up while…

Home Prices Rise 4.5% In December

Posted On February 24, 2015

(Undated) -- Home prices are still on the rise, faster than analysts predicted. The Case-Shiller Index shows prices rose four-point-five-percent in 20 cities in December, up from the same period last year. The data released today shows the biggest gains in home price appreciation were in San Francisco and Miami. Despite the upbeat report, analysts…