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President Obama Admits Credit Card Was “Rejected”

Posted On October 17, 2014

(Undated) -- President Obama says even he is affected by identity theft. While signing an executive order on identity theft at the Consumer Financial Protection Bureau Friday, he recounted a story of his credit card being 'rejected.'   He said it happened to him at a New York restaurant last month while visiting the United…

Record 44 Percent To Do Holiday Shopping Online

Posted On October 17, 2014

(Undated) -- More Americans than ever will be shopping online this holiday season. The National Retail Federation says a record 44 percent of shoppers plan to let their fingers do the walking this year. The group's annual survey finds people are also planning to spend less on themselves, and more on others. Electronics are expected…

Obama Tries To Make Govt Credit Cards More Secure

Posted On October 17, 2014

(Washington, DC) -- President Obama is attempting to make government credit and debit cards more secure. Visiting the Consumer Financial Protection Bureau in DC, Obama issued an executive order shifting magnetic strip cards to cards with more secure chip technology. He praised retailers and other credit card issuers who are making the same moves and…

Yellen Comments On Income Inequality

Posted On October 17, 2014

(Boston, MA) -- Fed chief Janet Yellen is concerned about income inequality in the U.S. Speaking at an event in Massachusetts yesterday, Yellen said inequality eats away at the heart of American economic values. She called it "greatly" concerning. Observers noted it wasn't the typical message you'd expect to hear from a central bank chair.…

Housing Starts Up Above Expectations

Posted On October 17, 2014

(Undated) -- Housing starts are up. September's six and-a-third percent increase takes housing starts to an annual pace of one-point-oh-two million homes. Industry analysts were expecting growth of less than five and-a-half percent, to an annual rate of just over a million homes.