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Powerball jackpot rises to $270M

WSBTV - Thu, 05/09/2013 - 1:07pm
Categories: Atlanta News

Stocks Made in USA Outperform S&P 500

CNBC - Thu, 05/09/2013 - 1:05pm
Stocks that generate revenue solely within the U.S. are outperforming the S&P over the past two years, with CNBC's Seema Mody.
Categories: US News

House Votes to Give Creditors Priority if Debt Ceiling Is Breached

The New York Times - Thu, 05/09/2013 - 12:49pm
With the 221-to-207 vote, the House dug in for another debt ceiling standoff.    

Categories: US News

Fed QE No Biggie: Blackstone CEO

CNBC - Thu, 05/09/2013 - 12:26pm
The Fed's $3 trillion balance sheet isn't that big compared with the banking system, according to Steve Schwarzman.
Categories: US News

Double Cemetery Plots

Showcase Classifieds - Thu, 05/09/2013 - 12:25pm
Double Cemetery Plots – Camp Memorial Park, Hwy 54 East, Fayetteville. Priced to sell. Call Harold 770-719-0638
Categories: Showcase

2 Lots With Vaults - Camp Memorial Park, Fayetteville

Showcase Classifieds - Thu, 05/09/2013 - 12:25pm
2 Lots With Vaults - Camp Memorial Park, Fayetteville, Valor Section, lot 73 space 2-3. $5,800 will negotiate, 931-752-5379.
Categories: Showcase

10 Ways to Say “Thank You” on Mother’s Day

Fayette Woman - Thu, 05/09/2013 - 12:17pm
“Look, Ma—Successful Adult!”:  Ten Thank-Yous Your Mother Should Hear Nothing makes mothers happier than to know that they’ve raised fulfilled, healthy, successful, and self-aware kids. On Mother’s Day, let your mom know exactly what she did to turn you into the adult you are today and how her influence still shapes your life. Be specific! From [...]

Body of Tamerlan Tsarnaev Is Interred in Undisclosed Location

The New York Times - Thu, 05/09/2013 - 12:12pm
An official at a Worcester funeral home said Tamerlan Tsarnaev’s body was moved late Wednesday night and entombed outside Massachusetts.    

Categories: US News

Biden a foil for anti-Keystone group

POLITICO - Thu, 05/09/2013 - 12:11pm
Activists are using the vice president as ammunition, saying that he said he opposes the pipeline.


Categories: US News

Economy Needs Boomers to Work Past 70

CNBC - Thu, 05/09/2013 - 12:11pm
More boomers are passing up early retirement, which may prove useful for the economy, the Fiscal Times reports.
Categories: US News

Doomed envoy: 'We're under attack'

CNN - Thu, 05/09/2013 - 12:06pm
At a House hearing, the deputy to doomed Ambassador Christopher Stevens relayed his final conversation with his boss.
Categories: US News

Cheating App: Adultery Gets Less Risky

CNBC - Thu, 05/09/2013 - 12:04pm
For better or for worse (probably for worse), cheating on your spouse just got a little easier.
Categories: US News

POLITICO to test meter subscriptions

POLITICO - Thu, 05/09/2013 - 11:54am
"We see this as an experiment in the truest sense," newsroom leaders write.


Categories: US News

Post office temporarily suspends delivery after Pennsylvania drug deal

FOX News - Thu, 05/09/2013 - 11:47am

The U.S. Postal Service has temporarily suspended delivery to a western Pennsylvania apartment complex after a carrier walked in on a drug deal.

Postal spokesman Tad Kelley tells The (Sharon) Herald that delivery to the 200-unit Shenango Park Apartments complex in Hermitage will resume once officials feel it is safe. Hermitage is about 60 miles northwest of Pittsburgh.

Postal officials want the complex to build a single-point delivery station with boxes for each resident.

Randy Hilliard, senior vice president for NDC Real Estate Management says that would cost about $15,000 and would take at least a month. He's hoping arrangements can be made to resume delivery sooner, and downplayed the incident saying "there's no real threat there."

Police have responded to several drug- and assault-related incidents at the complex in recent weeks.

Categories: US News

Former NJ teacher admits ex-husband's killing

FOX News - Thu, 05/09/2013 - 11:43am

A former third-grade teacher has pleaded guilty to murdering her former husband in what New Jersey prosecutors say was killing that also involved her parents.

Kathleen Dorsett told a judge Thursday she sent 42-year-old Stephen Moore to his death in the backyard, where her father was waiting to kill him, in 2010. Dorsett says she was changing her daughter's diaper when she heard a scream and she helped put his body in the trunk of a car.

Dorsett faces up to 58 years in prison.

Her father, Thomas, and her mother, Lesley, are due in court later Thursday.

Dorsett and her father were accused of killing Moore. Her mother was charged with conspiracy, accused of plotting behind bars with her daughter to have her former mother-in-law killed.

Categories: US News

US home building is surging, but job growth isn't

FOX News - Thu, 05/09/2013 - 11:40am

The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help. And he would — if he could hire enough qualified people.

"There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. "We're probably only hiring about 75 or 80 percent of what we actually need."

More than six years after the housing bust stalled construction and led many companies like South Valley Drywall to slash payrolls, the reverse is occurring: As demand for new homes has risen, builders and the subcontractors they depend on can't hire as fast as they'd like.

Builders would be starting work on more homes — and contributing more to the economy — if they could fill more job openings. In the meantime, workers in the right locations with the right skills are commanding higher pay.

The shortage of labor ranges across occupations — from construction superintendents and purchasing agents to painters, cabinet makers and drywall installers. The National Association of Home Builders says its members have complained of too few framers, roofers, plumbers and carpenters. The problem is most acute in areas where demand for new homes has recovered fastest, notably in Arizona, California, Texas, Colorado and Florida.

The problem results largely from an exodus of workers from the industry after the housing bubble burst. Some experienced construction workers found other jobs — in commercial building or in booming and sometimes higher-paying industries like mining and natural gas drilling and aren't eager to come back.

Hispanic immigrants, largely from Mexico, who had filled jobs during the boom were among those who left the industry and, in some cases, the United States.

Dave Erickson, president of Greyhawk Homes in Columbus, Ga., lost an employee who took a job this year in Texas. The former employee is now installing fiber-optic cable and earning 30 percent more than he did as a construction supervisor.

"I think he's frustrated with the cycle we went through in recent years," Erickson says.

A shortage of labor in a well-paying industry might seem incongruous in an economy stuck with a still-high 7.5 percent unemployment rate. But it reflects just how many former skilled construction workers have moved on to other fields.

In 2006, when the boom peaked, 3.4 million people worked in home building. By 2011, the figure had bottomed at about 2 million. As of last month, about 2.1 million people were employed in residential construction.

Jobs in the industry did rise 4.1 percent in April from a year earlier, faster than overall U.S. job growth. But they'd have to surge 24 percent more to reach 2.6 million, their 2002 level — "the last time the market was normal," said David Crowe, chief economist for the National Association of Home Builders.

For now, the industry is building faster than it's hiring. In February, builders began work on single-family homes at the fastest pace in five years. And in March, they broke the 1 million mark for the first time since June 2008. Permits for future construction are also near a five-year high.

In the 12 months that ended in March, housing starts surged 47 percent. Yet over the same period, the industry's employment grew just 3.7 percent.

Normally, a rebound in home construction helps propel an economy after a recession. But even with the steady gains in housing starts, sales and prices since last year, the industry remains below levels considered healthy.

The National Association of Home Builders says nearly half its members who responded to a survey in March said a scarcity of labor has led to delays in completing work. Fifteen percent have had to turn down some projects.

"I can't find qualified people to fill the positions that I have open," says Vishaal Gupta, president of Park Square Homes in Orlando, Fla. If not for the labor shortage, "I would be able to build more homes this year and meet more demand than I can handle today."

Gupta's company is facing a side effect of the labor shortage: Demand for higher pay from qualified workers. On some occasions, he says he's been outbid by rivals that need contractors for their own projects. Gupta's preferred paint contractor left for a rival that paid more. His new cabinet contractor is about 10 percent more expensive than the one Gupta used before.

The higher pay they're handing out helps explain why builders have been gradually raising prices on new homes. The median price was $246,800 in February, up about 12 percent from the same month in 2011, the Commerce Department says.

The industry may have to look more aggressively for workers at vocational schools, federally funded programs like Job Corps and elsewhere, says Crowe of the homebuilders group.

"We'll have to recruit more," he says.

Vap, owner of South Valley Drywall, rode out the downturn after the housing crash in part by relying on commercial construction projects. He cut his residential construction staff from 244 in 2006 to 80 in 2009.

This year, Vap has hired 15 field employees for residential construction and says he needs to hire 35 more to do the work he foresees in 2013.

During the 2005-2006 housing boom years, Gupta had to bring in workers from Texas because there weren't enough employees in Florida to keep up with construction. He doubts many of those veterans will return.

"A lot of people who are from other states or from Mexico are not willing to come back here as fast as they did last time because of what they experienced," Gupta says.

Between 2005 and 2010, 1.4 million Mexicans moved from the United States to Mexico — roughly twice as many as in the previous five-year period, according to the Pew Research Center. Though an estimated 11 million people remain in the United States illegally, the influx of illegal immigration from Mexico has essentially stopped, says Douglas Massey, a professor of sociology at Princeton University.

"The Mexican economy is doing quite well, with strong growth in manufacturing and both skilled and unskilled services," Massey notes. "If construction demand picks up, we may see an uptick in Mexican immigration, but I think the boom years are likely over."

Crowe and other economists predict that as demand for new homes strengthens further, higher wages will woo back many laborers who took up other jobs during the downturn.

The home builders association is pushing Congress to let more immigrants enter the country through a worker visa program. The association cites census data showing that foreign-born workers make up about 22 percent of the U.S. home construction work force. It estimates there are 116,000 unfilled jobs.

Still, even if builders find more workers to hire, two other factors could hold back the industry for a while: A tight supply of building materials and ready-to-build land. Surveys by the National Association of Home Builders show that builders have grown concerned about those obstacles.

In part, that's why Crowe, the association's chief economist, thinks employment in single-family home building won't return to its 2002 total until 2016. And he isn't unhappy about that.

"In a perverse sort of way, the mild housing recovery is probably a good thing, because we need to rebuild the infrastructure of the industry," Crowe says.

Categories: US News

Mortgage Delinquency Rate Rises

CNBC - Thu, 05/09/2013 - 11:39am
The delinquency rate on home mortgages rose in the first quarter as more homeowners fell behind on payments.
Categories: US News

Execs' Cushy Health Care Invites Fines

CNBC - Thu, 05/09/2013 - 11:37am
Employers offering plusher health benefits to higher-ups may be fined $100 a day for each worker who doesn't get the perk.
Categories: US News

More trouble for Carnival: 2 passengers missing off Australian coast

CNN - Thu, 05/09/2013 - 11:36am
Authorities launched a search Thursday after two passengers went missing overnight off Australia's eastern coast.
Categories: US News