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U.S. stock futures were little changed, after the Standard & Poor’s 500 Index slipped from its all-time high yesterday, as investors weighed the possibility that the Federal Reserve will scale back its stimulus program.
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By Sofia Horta e Costa and Inyoung Hwang |
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Rhode Island remains behind other states in New England when looking at major economic indicators such as growth of the gross state product and the unemployment rate. However, the state economy is slowly regaining momentum.
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The Ocean State has the third highest state debt per capita in the United States at $8,721 per resident, according to The Tax Foundation, which released a map depicting all of the state debt per capita for the 2011 fiscal year.
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By PBN Staff
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The Consumer Price Index in the Northeast rose 1.5 percent over the last 12 months to 248.7 in March, according to a report from the U.S. Bureau of Labor Statistics.
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By PBN Staff
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Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery.
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By Craig Torres |
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Applications for unemployment benefits in the U.S. rose last week, returning to levels seen prior to the holiday period and indicating little change in the pace of firings.
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By Lorraine Woellert and Alex Kowalski |
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Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found.
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By Erika Waddell |
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After a six-month wait for needed approvals, Metropark LTD. recently opened a new surface parking lot at 43 Weybosset St. behind the old National Bank façade. “Restaurants are doing better than last year and, yes, there are more people working downtown. … Demand [for parking] is up,” said Charlie Meyers, president of Metropark. The company’s citywide revenue is up 10 percent this year. Revenue from city parking meters is also up, 55 percent since 2009, according to Providence Parking Administrator Leo Perrotta.
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7/23/12
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U.S. stocks were little changed, with the Standard & Poor’s 500 Index poised for a third straight week of gains, as investors weighed the pace of central bank stimulus amid a meeting of finance ministers.
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By Namitha Jagadeesh and Inyoung Hwang |
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The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll.
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By David J. Lynch |