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Thursday
Sep302010

Domino's Franchise Offers Breakfast Options

Photo Courtesy - Domino's Pizza(DAYTON, Ohio) -- In an attempt to boost business, a Domino's Pizza franchise in Dayton, Ohio is offering breakfast options to its customers.  Nation's Restaurant News reports the nation's only 24-hour Domino's restaurant serves breakfast pizza, topped with eggs and cheese and up to three toppings, for the price of $7.99.  The breakfast selection will be available to customers all day long, along with morning menu beverages like coffee and orange juice.  Speaking on the success of the breakfast venture, manager Carami Macken says, “It’s definitely picked up now that it’s gotten some media.  It’s not super-busy, but it’s definitely making a difference.”  A Domino's spokeswoman said, “We’ll be watching the store closely to see if it’s something we can expand to other stores.”

Copyright 2010 ABC News Radio

Wednesday
Sep292010

Report Says Foreclosure Sales Account for 1 in 4 Residential Sales

Photo Courtesy -- Getty Images(IRVINE, Calif.) -- On Thursday, RealtyTrac, an online marketplace for foreclosure properties, released its Q2 2010 U.S. Foreclosure Sales Report.  RealtyTrac reports that "foreclosure homes accounted for 24 percent of all residential sales in the second quarter of 2010," and "the average sales price of properties that sold while in some stage of foreclosure was more than 26 percent below the average sales price of properties not in the foreclosure process -- down slightly from a 27 percent average discount in the first quarter."  James J. Saccacio, chief executive officer of RealtyTrac, noted however that "while foreclosure sales increased in the second quarter, non-foreclosure sales increased even more, spurred on by the homebuyer tax credit that expired during the quarter."

Copyright 2010 ABC News Radio

Wednesday
Sep292010

How Has the Recession Changed Your Life?

Photo Courtesy -- Getty Images(NEW YORK) -- Although by technical standards the "Great Recession" has ended, there is plenty of evidence to suggest that it still has a wrenching effect on the choices Americans make in their lives.  According to The New York Times, fewer young people are tying the knot, delaying marriage until their finances are on stronger footing.  In Louisville, KY, employees at the Brown Hotel told ABC News that they've begun to take on additional job responsibilities and cross-train in new positions so that they can keep working full-time.  According to ABC News, young Americans getting ready to enter the work force now believe they have to acquire several skills to move from industry to industry, pursuing multiple jobs. 

Copyright 2010 ABC News Radio


Wednesday
Sep292010

Gold, Silver Surge to New Record Highs

Photo Courtesy - Getty Images(NEW YORK) -- Gold and silver prices surged to new records Tuesday as the dollar weakened against major currencies, continuing a trend that has left Americans scrambling for alternatives to traditional investments such as stocks and money market accounts.

Silver touched $22 an ounce Tuesday, the highest since 1980. Silver has surged 36 percent this year from less than $9 when the financial crisis began in 2008. Gold, which has increased 19 percent in 2010, jumped to $1,313 an ounce, the highest ever recorded.

With stocks in the dumps and government deficits spiraling, Americans are increasingly turning their attention to silver and other precious metals. The high price of gold has prompted investors to load up on cheaper silver. Silver has gained 21 percent in price versus gold this year. Low interest rates are another factor in the rush to precious metals, experts say.

Copyright 2010 ABC News Radio

Tuesday
Sep282010

Best Bang for the Buck? CBO Outlines Economic Growth Options

Photo Courtesy -- The Republican Party(WASHINGTON) -- Congressional Budget Office director Douglas Elmendorf said Tuesday that extending former President George W. Bush's tax cuts would help spur the country’s sluggish economic recovery in the short term, but it could prove harmful in the long run.  A permanent extension of the tax cuts, Elmendorf told a Senate Budget Committee hearing, would provide “the largest boost in the short run, but the largest negative effect in the long run” since it would swell the country’s already-soaring deficits.  The best bang for the buck, the CBO found, would come from extending jobless benefits. “A temporary increase in aid to the unemployed would have the largest effect on the economy per dollar of budgetary cost,” he said.  The Senate has put off a debate about extending the Bush tax cuts until after the November elections.

Copyright 2010 ABC News Radio



Tuesday
Sep282010

European Union Up in Arms over U.S. Travel Tax

Photo Courtesy -- Getty Images(BERLIN) -- Spiegel Online reports the United States is charging a new fee to overseas visitors entering the country.  Accordingly, members of the European Parliament and other officials of the European Union have grown angry, saying the charge does not coincide with U.S.-EU agreements.  One official even commented that it is "bizarre to introduce a tax to promote tourism."  The actual fee is being introduced under the Electronic System for Travel Authorization (ESTA).  Also according to Spiegel Online, the $14 fee is broken down as follows: $4 for ESTA administrative costs and $10 for U.S. efforts to promote the U.S. as a tourism destination.  Essentially, foreign travelers to the U.S. would be forced to pay for the advertising meant to encourage them to travel to the U.S.  The U.S. officially announced the addition of the travel tax in early August, and plan for the fee to take effect in September.

Copyright 2010 ABC News Radio



Tuesday
Sep282010

Gender Pay Gap Report: Women Managers Still Lag Behind Men

Photo Courtesy -- Getty Images(NEW YORK) -- According to a new government report, females in management positions and their corresponding pay still lag behind that of their male counterparts.  The U.S.Government Accountability Office report, "Women in Management: Analysis of Female Managers' Representation, Characteristics, and Pay," released Tuesday, found little has changed for women in the workforce when it comes to compensation.  Congresswoman Carolyn Maloney, D-N.Y., and chair of the Joint Economic Committee, commissioned the report and is holding a congressional hearing Tuesday to discuss its findings.  "What is most startling to me is how little progress we've made even though there's a bright spot in that more women are gaining education, we're closing the education gap but we're not closing the pay gap," Maloney said. Although there are more women represented across several industries, the number of women managers only increased by one percent -- from 39 percent in 2000 to 40 percent in 2007.  The report analyzed 13 industries from construction to health care and looked at the pay gap between female and male managers. The factors used in determining the salary levels included age, hours worked and education.  For the first time, the report also looked at working mothers in management.

Copyright 2010 ABC News Radio


Monday
Sep272010

President Signs Small Business Bill Into Law

Photo Courtesy -- Getty Images

(WASHINGTON) -- In an East Room ceremony at the White House on Monday, President Obama signed into law a bill that will provide tax cuts and credit for small business owners.  As previously reported, Speaker of the House Nancy Pelosi, D-Calif., lauded the president for his leadership and help in passing the legislation, which is expected to aid in job creation and economic growth.  The new law, which President Obama calls "a great victory for America's Entrepreneurs," will allow the 1,400 people on a waiting list for SBA loans to move forward in their business endeavors.  "These are people who are ready to hire and expand, who've been approved by their banks, but who've been waiting for this legislation to pass.  Well, when I sign this bill, their wait will be over," the president said at the bill signing ceremony.  The president added that he had fought for months as it was not easy getting the bill through Congress.  As reported previously by ABC News Radio, House and Senate Republicans denounced the lending fund as a “mini-TARP,” with lawmakers attempting to capitalize in the upcoming congressional midterm elections on public resentment over the unpopular $700 billion bailout financial system in 2008.

Copyright 2010 ABC News Radio

Monday
Sep272010

Report Shows Airline Fees Have Jumped By 50 Percent

Photo Courtesy - Getty Images(NEW YORK) -- As the holiday travel season approaches, Americans should prepare to face higher expenses than they have in the past.  Monday's USA Today reports that airline fees have jumped, some by more than 50 percent, since 2009.  According to the newspaper's analysis, fees for checked bags have increased by almost $10 since a year ago and booking a reservation over the telephone can now cost more than $30 on some airlines.  The fee increases comes as travelers are already absorbing news of higher holiday ticket prices. Though more people are flying as the economy recovers, airlines haven't added flights, leading to packed planes and higher prices.

The airlines made a record $2 billion in fees alone during the second quarter of this year, according to USA Today. Fees have been levied on everything from blankets to ticket changes to walking an unaccompanied child to the gate.  One of the biggest problems consumers face with fees is that they make it harder to compare the cost of tickets among airlines.

Copyright 2010 ABC News Radio

Monday
Sep272010

Continental Eliminates Complimentary Food Options

Photo Courtesy - Getty Images(HOUSTON) -- Continental Airlines will no longer offer complimentary food options on the majority of domestic flights, the airline announced Monday.  Instead, the airline will provide a revamped menu of what it calls high-quality, healthy choices.

"The new food-for-purchase menu will replace the complimentary meals and snacks currently served in the economy cabin on the select routes," the company said in a statement. "Continental will continue to offer complimentary food in the economy cabin on all intercontinental and certain other international routes."

The airline said it will continue to offer free options to passengers traveling first-class and to all travelers of domestic flights longer than six-and-a-half hours. Non-alcoholic drinks will remain complimentary.

Copyright 2010 ABC News Radio







ABC News Radio