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February 29, 2008

Transportation Department investigators find lax oversight of aircraft parts suppliers

Regulators and aircraft manufacturers are not keeping adequate tabs on the quality of plane parts made domestically and abroad, potentially raising risks for fliers, government investigators said in a report released Friday.

Aspire36 and Aspire Lite supplements recalled

Aspire36 and Aspire Lite are sold nationwide. The products are sold as a blister pack containing one liquid capsule or a bottle containing either three (3) or twelve (12) liquid capsules.


February 28, 2008

Best Fabric Softeners

consumer reports

Many people swear by their fabric softener, claiming it softens their towels just so or makes their clothes smell great. But where’s the proof? In its latest tests of liquid fabric softeners and dryer sheets, Consumer Reports washed more than 1,300 loads of laundry to find the best.

Munire Furniture Recalls Cribs
Munire Furniture Recalls Cribs

The cribs fail to meet the federal safety standards for cribs. The four support brackets on the mattress support spring are too long. The brackets prevent the spring from lowering to the full 26 inch minimum height in its lowest position, allowing children inside to crawl over the railing, posing a fall hazard.

Fed chairman learning to navigate treacherous economic and political waters

Federal Reserve Chairman Ben Bernanke is proving to be a quick study in navigating a treacherous housing slump and credit crisis that could push the economy into a recession. He also seems to be learning fast on an equally perilous course - avoiding political land mines in Washington.

Fed chief dismisses worries about US economy returning to 1970’s style “stagflation”

High energy prices and rising inflation do complicate the Fed’s job of trying to keep the economy growing and inflation contained, Ben Bernanke acknowledged.

Treasury Secretary says various housing proposals would do more harm than good

While he said that while the housing problem remains the biggest downside risk to the economy, the issue needed to be put in perspective. Paulson said that 93 percent of all mortgages are being paid on time and that less than 2 percent are in foreclosure.

Pain at the pump worse than Katrina aftermath

AAA Mid-Atlantic says the price of a gallon of regular unleaded “skyrocketed” 15 cents in the past seven days nationally

IRS to send out tax rebate letters starting next week

The letters are part of an extensive outreach effort to make sure people don’t miss out on their share of the recently passed $168 billion economic stimulus plan.

Feathers fly over language on billboard for Sheetz chicken sandwich

Sheetz is taking heat from critics who say its new billboard campaign promoting a fried chicken sandwich contains foul language.

Ford recall update: Government tells car owners to bring cars in now

The government is warning the owners of about 4.6 million recalled Ford vehicles to immediately bring their cars and trucks into dealerships to disconnect faulty cruise control switch systems that have been linked to engine fires.

More people sign up for unemployment benefits

The Labor Department reported Thursday that new applications for unemployment benefits rose by 19,000 to 373,000 last week. The increase was larger than many economists were expecting.

Cribs crowded with pillows and soft bedding linked to baby deaths, government warns

Safety officials announced a recall of 24,000 cribs Thursday and also warned parents against putting their babies to bed with pillows and other soft bedding that could suffocate them.

Economy skids to near halt in final quarter of 2007

The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly.


February 27, 2008

Ford recalls 2005-2008 Mustangs to update air bag software

Ford says said internal testing shows the air bag could injure a small, unbelted passenger.

U.S. Airways will start charging passengers for second bags

Add US Airways Group Inc. to the airlines charging fliers to check in a second bag. It will charge $25 per passenger, beginning May 5, for passengers who buy tickets beginning today.

New home sales fall for third straight month

In more bad news for the beleaguered housing industry, sales of new homes fell in January for a third straight month, pushing activity down to the slowest pace in nearly 13 years.

Fed chief signals rate cut to help wobbly economy, must keep eye on inflation

Federal Reserve Chairman Ben Bernanke sent a fresh signal Wednesday that the central bank will again lower interest rates to steady the teetering economy.


February 26, 2008

White House promises likely veto if Congress passes oil taxes

If Congress passes legislation to roll back nearly $18 billion in tax breaks for large oil companies, advisers to President Bush will recommend a veto, the White House said Tuesday.

Economic twin evils

It’s worrisome math: Slowing economic growth plus soaring prices could eventually equal “stagflation.“  That’s a toxic economic brew the nation hasn’t tasted in three decades.

Consumer confidence plunges while wholesale inflation rises at fastest pace in 26 years

The new reports Tuesday documented the latest in a series of blows to the economy as a prolonged housing downturn has pushed the country close to a recession.

Mini Computers

    If you’d like a computer for your kitchen but don’t like the small keyboards and screens of laptops, a mini-computer might be right for you. The skinny on minis in this Good Housekeeping Report.


February 25, 2008

Existing home sales hit 9-year low

The National Association of Realtors said Monday that sales of single-family homes and condominiums dropped by four-tenths of one percent last month to a seasonally adjusted annual rate of 4.89 million units. That was the slowest sales pace on record going back to 1999.


February 22, 2008

Family Dollar Recalls 250,000 Magnetic Dart Boards

Small magnets at the ends of the darts can detach. Magnets found by young children can be swallowed or aspirated. If more than one magnet is swallowed, the magnets can attract each other and cause intestinal perforations or blockages, which can be fatal.

Children’s Metal Jewelry Recalled by Pecoware for lead

The children’s necklaces contain high levels of lead. Lead is toxic if ingested by young children and can cause adverse health effects

Rinnai Recalls 52,000 Wall Furnaces

A gasket in the unit can fail, posing a risk of poisonous carbon monoxide gas leaking into the home.

Caffeine in Soda

Trying to cut down your coffee consumption because you drink too much caffeine?  Well, you might be surprised to learn that some soft drinks can pack a pretty big jolt themselves.

Report finds Government agencies lacking identify theft protections even after lapses

Nearly two years after an embarrassing flap in which veterans’ personal information was put at risk of identity theft, federal agencies are still not doing all they can to prevent further lapses, investigators have found.

New milk jugs save 10 cents per gallon

The iconic 1-gallon milk jug is getting a makeover.

Hotel planned for Bedford

A Lynchburg hotel owner revealed plans Thursday night for a four-story, 85-room Hampton Inn on Burks Hill Road in the City of Bedford

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