>>Oil Flat, Stocks Rise
(New York, NY) -- Stocks rose on Wall Street amid talks
that members of the Senate have reached a deal to help ease
the housing crisis. The Dow closed at 12-993 after gaining
94 points. The Nasdaq closed at 25-34 after a 37 point rise.
The S&P 500 rose 15 points, closing at 14-24. Oil was
flat for the day, trading at around 124-dollars a barrel.
>>Survey Finds Gas Prices A Big Concern
(Hartford, CT) -- While more than two-thirds of Americans
say rising gas prices are a serious problem, only half of
those responding to a Quinnipiac University poll think a
summer gas tax holiday is a good idea. Polling Institute
Director Maurice Carroll says Americans recognize the tax
holiday idea as a political, short-term solution. The gas
prices are taking a toll on behavior; Carroll says more
than half of the people polled say they have cut back on
household spending and almost two-thirds report they have
cut back significantly on driving.
>>Americans Spend Over One Billion Dollars On Video
Games
(San Francisco, CA) -- The videogame industry is booming.
Research firm NPD says market sales reached one-point-23-billion-dollars
in April, up 47-percent from a year ago. According to figures,
"Grand Theft Auto 4'' and Nintendo's Wii [[ wee ]]
console top the list of sales. "Grand Theft Auto 4''
was the best-selling game for a single console with nearly
two million copies for the Xbox 360, while the Wii far outsold
the 360 and Sony's PlayStation 3 combined.
>>Poll Gives Gas Tax Holiday Thumbs Down
(Pittsburgh, PA) -- A poll taken by Quinnipiac University
indicates most Americans don't support a gas tax holiday
being proposed by presidential candidates Hillary Clinton
and John McCain. Quinnipiac pollster Miki [[ mickey ]] Carrol
says Americans are speaking clearly on the matter, as the
poll shows Republicans were narrowly against the idea while
Democratic and Independent voters were much more opposed.
Carrol said while most of the respondents couldn't pin down
a good definition of an economic recession, 82-percent of
them said the American economy is headed in the wrong direction.
>>War Funding Bill Rejected By House
(Washington, DC) -- A war funding bill has been rejected
by the U.S. House. The latest emergency spending bill sought
by the White House covered more than 162-billion-dollars
for the ongoing wars in Iraq and Afghanistan. The measure
went down to defeat 149-141. More than 130 Republicans held
back and voted "present." Republicans protested
Democratic leaders moved the funding bill directly to the
House floor without it being hammered out in the normal
committee process. Massachusetts Democrat Jim McGovern argued
it's time to end the Iraq war.
>>About 23-Thousand Leaf Blowers Recalled
(Washington, DC) -- About 23-thousand Shindaiwa Backpack
Blowers are being recalled because the fan may break apart,
sending projectiles flying out of the machine. The Consumer
Product Safety Commission says the Japanese-made leaf blowers
had previously been recalled because of a fire hazard. The
blowers were sold nationwide between September 2005 and
January 2007. Consumers should contact Shindaiwa or the
nearest dealer for an inspection and fan replacement.
>>Do You Know Where Your Stimulus Check Is?
(St. Paul, MN) -- If you're checking your bank account
every 15 minutes looking for your economic stimulus payment,
your wait may soon be over. Carrie Resch, with the IRS,
says if you filed your taxes by the April 15th deadline
and chose direct deposit, the money should be in the bank
by today, but she says there may be other reasons why it's
not there yet. Paper checks will continue to arrive in mailboxes
through July 11th. Payments range from 300 to 12-hundred-dollars.
>>Electricity Overcharging Confirmed, But Federal
Commisssion Fails To Order Refunds
(Annapolis, MD) -- The Federal Energy Regulatory Commission
has ruled power companies in Maryland overcharged customers
for their electricity by 87.5-million dollars two years
ago. The "Washington Post" reports the ruling
comes after a complaint filed by the Maryland Public Service
Commission which claimed customers were forced to pay high
prices during peak-demand periods in 2006. The decision
concluded that a lack of competition in the wholesale electricity
market drove prices up, but the Federal Energy Regulatory
Commission decided against ordering refunds. Maryland PSC
Chairman Steven Larsen called the ruling, "a significant
victory for ratepayers." But, FERC spokeperson Mary
O'Driscoll says the agency is not required to order power
companies to provide refunds to customers.
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