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Diane Alter – AHN News Reporter
Dallas, TX, United States (AHN) – Texas has endured one of its hottest summer this year in its history, according to the National Oceanic and Atmospheric Administration. So when rain began to fall Thursday, it was welcomed like a long lost friend. In addition, Texas has also experienced one of its driest. Wildfires have been raging though Texas near Austin. Thousands of homes have been destroyed and businesses ruined. Nearly all of the Lone Star State is currently classified as being in an extreme or exceptional drought by the U.S. Drought Monitor. [...] Continue Reading…

The Media Line Staff
Manama, Bahrain David Rosenberg (The Medi – King Hamad bin Isa Al-Khalifa has chalked up some successes in the past weeks in his drive to steady his island country after the shocks of mass unrest and a violent crackdown, but analysts say business stands no chance of getting back to usual without deep political reforms. The kingdom reported on Sunday that its economy grew by 1 percent quarter-on-quarter in April-June after shrinking in the previous three months during the peak of the turmoil. Two days earlier, Bahrain was awarded a slot in the global Formula [...] Continue Reading…

Linda Young – AHN News Writer
Sao Palo, Brazil (AHN) – Brazil’s central bank cited a “substantial deterioration” in its outlook for the economy and unexpectedly announced a cut in its key interest to 12 percent from 12.5 percent. Rising prices have been a problem in Brazil, and the central bank had raised its key interest rate five times this year in an effort to contain inflation. However, inflation is still running at a six-year high of 7.1 percent. The continued high inflation rate couple with the unexpected cut coming a few days after several politicians had [...] Continue Reading…

Linda Young – AHN News Writer
London, United Kingdom (AHN) – Retail sales, excluding gasoline, grew weakly in the United Kingdom during July rising only 0.2 percent compared to the 0.8 percent growth rate in June, according to Office for National Statistics (ONS). A drop in the sales of clothing and household goods offset the increase in food sales. Sales of clothing, shoes and household goods dropped by 0.3 percent each, which offsets the 0.7 percent growth in food store sales. Economists blame the decline in retail sales on inflation in prices coupled with job losses and [...] Continue Reading…

AHN Sports Staff
Seattle, WA, United States (AHN Sports) – PBA Hall of Famers Mike Aulby and Parker Bohn III, along with PBA Tour champions Danny Wiseman and Doug Kent, participated in the 10th annual “Jeff Gordon Bowling Ball” in Indianapolis on July 28, an event that raised more than $300,000 in support of Jeff Gordon’s Children’s Foundation and Riley Hospital for Children. The annual bowling fundraiser has generated more than $1.58 million to Riley Hospital for Children since its inception. In addition, Gordon made a pledge of $1.5 million to Riley Children’s Foundation in 2010, establishing the Jeff [...] Continue Reading…

Linda Young – AHN News Writer
Washington, DC, United States (AHN) – The national unemployment rate for the month of July remained little unchanged at 9.1 while total nonfarm payroll employment rose by a modest 117,000, according to the monthly report by the U.S. Bureau of Labor Statistics. Although the 117,000 jobs created during July was slightly better than anticipated, it was still not enough to keep up with growth in the number of working-age Americans, let alone make a dent in the unemployment figures. Economists say the nation must create from 120,000 to 200,000 jobs monthly to keep [...] Continue Reading…

A recent study has shown checking accounts to be rather costly. In fact the study shows they are more costly than they should be. Pew Health Group looked at hidden entities in checking accounts in order to develop a case for save and clear checking account information. They found the following:
• There is a penalty of $35 for overdrafts
• Monthly fee of $8.95
• There is a transfer fee of $10 for overdrafts
• Extended penalty for overdraft of $25 after each 7th day. This [...] Continue Reading…

Linda Young – AHN News Writer
Washington, DC, United States (AHN) – Sales of existing homes decreased by 0.8 percent in June compared to sales a month earlier, falling to a seven-month low. An increase in contract cancelations fueled part of the drop in sales. Analysts say the increase in cancelations reveals that buyers are changing their minds about buying a home in this time of growing national economic uncertainty. However, many of the buyers changed their mind after appraisals of the property revealed it was worth less than the contract price they had offered. In addition, [...] Continue Reading…

Linda Young – AHN News Writer
Brussels, Belgium (AHN) – Solving the Greek sovereign debt crisis is essential or the other member states of the Eurozone will feel the negative consequences, warned the European Commission president. Eurozone leaders are meeting in Brussels, Belgium this week to discuss the Greek crisis. Despite the urgency of the matter, Eurozone leaders remain divided on how to address the problem. German Chancellor Angela Merkel says her nation wants private investors to help with any package of aid by rolling over loans they have already made to Greece, thereby extending the due [...] Continue Reading…

A recent study has shown checking accounts to be rather costly. In fact the study shows they are more costly than they should be. Pew Health Group looked at hidden entities in checking accounts in order to develop a case for save and clear checking account information. They found the following:
• There is a penalty of $35 for overdrafts
• Monthly fee of $8.95
• There is a transfer fee of $10 for overdrafts
• Extended penalty for overdraft of $25 after each 7th day. This [...] Continue Reading…