Today’s Headlines…

Today’s Headlines…

Jobless Claims and Home Sales Reflect Slowdown in Economy
New York Times
By BLOOMBERG NEWS More Americans than forecast filed applications for first-time jobless benefits last week and new-home sales fell in May, highlighting the Federal Reserve chairman Ben S. Bernanke’s concern that the slowdown in the economy might 


Fed stimulus program ending with mixed results | Philadelphia Inquirer | 2011 
Philadelphia Inquirer
By Harold Brubaker When the Federal Reserve ends its $600 billion binge on Treasury securities next week, the nation’s central bank will have accomplished a great deal, some good and some not so good. “Like everything else, it is a mixed bag,” said 


Downbeat Global Data, Oil Move Press Indexes
Wall Street Journal
By SIMON KENNEDY And POLLY HUI European stocks slumped Thursday, hurt by the Federal Reserve’s downbeat economic outlook a day earlier, as well as disappointing global data and the surprise intervention in the oil markets. In Asia, Tokyo and Hong Kong 


Oil drops 4pct on weaker economic outlook
BusinessWeek
By CHRIS KAHN Oil is tumbling after Federal Reserve Chairman Ben Bernanke warned that the US economy is weaker than previously thought and the International Energy Agency said it was releasing 60 million barrels of oil to make up for a loss of Libyan 


Tapping of reserves topples oil prices
Milwaukee Journal Sentinel
By Joe Taschler of the Journal Sentinel A day after Federal Reserve Chairman Ben Bernanke said he was uncertain why the groggy US economy has failed to respond to multiple rounds of stimulus, along came another. Countries that make up the International 


Asian Currencies Set for Weekly Decline on Greek Debt, Fed Growth Outlook
Bloomberg
The Federal Reserve said yesterday the US economy will expand 2.7 percent to 2.9 percent this year, down from April’s forecast of 3.1 percent to 3.3 percent. European Central Bank President Jean-Claude Trichet said June 22 risk signals for financial 


Gov. Corbett says he would sign Harrisburg takeover bill
abc27
Tom Corbett is weighing in on legislation that would allow a takeover of Harrisburg if the city fails to implement the proposal of a state Act 47 coordinator. Corbett said he supports the bill that would allow the state to implement the financial 


Corbett, GOP make progress on budget
Pittsburgh Tribune-Review
Tom Corbett on Thursday agreed on the framework of a state spending plan of less than $27.3 billion that restores most of the higher education money Corbett proposed cutting, lawmakers and legislative staff said. But Corbett said there’s no handshake 


Tentative pacts for workers | Philadelphia Inquirer | 2011-06-24
Philadelphia Inquirer
Corbett’s administration but said it protected both union members and taxpayers. Earlier, the administration and Pennsylvania’s largest state government union reached a tentative contract accord for about 45000 state employees that officials said 


Corbett gears up for push on school vouchers
Tribune Review
Tom Corbett said he wants lawmakers to approve legislation before leaving for recess next week. “It’s going to take a push,” Corbett said on Thursday at an unrelated news conference. Corbett’seffort to win approval for vouchers, taxpayer-paid 


Governor Corbett Announces Affinia Facility Will Create More Than 150 Jobs in 
PR Newswire (press release)
HARRISBURG, Pa., June 23, 2011 /PRNewswire-USNewswire/ — Governor Tom Corbett announced today that state economic development efforts will enable Affinia Group Inc., a global automotive replacement parts company, to locate a new East Coast