New Forecast: Slightly Higher Deficit, Continued Sluggish Growth

Posted On August 27, 2014

(Washington, DC) -- A new economic forecast sees a slightly higher deficit and continued sluggish growth in the next year. The Congressional Budget Office says the deficit should rise to 506-billion dollars, a bit higher than an earlier estimate of 492-billion. CBO Director Doug Elmendorf thinks the pace of growth will increase next year.  …

Researchers: Unemployment Rate Isn’t Accurate

Posted On August 27, 2014

(Undated) -- Two separate reports seem to indicate the numbers routinely cited as the nation's unemployment rate may not be accurate. The National Bureau of Economic Research says the data is incorrect because unemployed people who are surveyed repeatedly tend to drop out of the survey later on. Meanwhile, University of Michigan researchers claim Twitter…

Time Warner Says Service Mostly Restored Nationwide

Posted On August 27, 2014

(Undated) -- Time Warner Cable says a disruption of service that affected customers nationwide is over, for the most part. The cable and Internet provider said a problem with their Internet backbone cause an outage around 1:30 a.m. Eastern time this morning. The company said most service was restored around 6 a.m., with other customers…

Low Interest Rates Drive Up Mortgage Applications

Posted On August 27, 2014

(Undated) -- Mortgage applications are up two-point-eight percent this week. Falling interest rates are driving the increase. The average rate for a 30-year fixed rate mortgage is down to four-point-28-percent. Thirty-year FHA mortgages are down to three-point-98-percent. Refinance activity now accounts for 56-percent of all mortgage applications. That's the highest since March.

Report: September 9th Launch For Apple iPhone 6

Posted On August 27, 2014

(Undated) -- Reports say Apple will launch its new iPhone 6 less than two weeks from today. The French website Nowhere Else reports the tech giant's newest smartphone will be introduced on Tuesday, September 9th. The iPhone 6 reportedly will come with either a 4.7-inch screen or a 5.5-inch screen. It's also been reported that…