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U.S. Chamber lobby seeks major push on immigration PDF  | Print |  E-mail
Written by JIM KUHNHENN, Associated Press   
Wednesday, 08 January 2014 16:34

WASHINGTON (AP) — The president of the US Chamber of Commerce says the nation's biggest business lobby intends to "pull out all the stops" to pass an overhaul of immigration laws. That would place the chamber on the side of President Barack Obama on one of the White House's top legislative priorities of the year.

"We're determined to make 2014 the year that immigration reform is finally enacted," Chamber President Tom Donohue said Wednesday, during his annual "State of American Business" address.

Donohue cast his organization as both an ally and an adversary of the administration on Wednesday. He indicated support for Obama's stance on immigration and also the president's push for global trade agreements.

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U.S. consumer borrowing up $12.3 billion in November PDF  | Print |  E-mail
Written by JOSH BOAK, AP Economics Writer   
Wednesday, 08 January 2014 16:31

WASHINGTON (AP) — Americans increased their borrowing in November, led by continued gains in auto and student loans.

The Federal Reserve said consumers increased their borrowing by $12.3 billion in November to a seasonally adjusted $3.09 trillion. That is a record level and follows an October increase of $17.9 billion.

Almost all of the November increase came from an $11.9 billion rise in borrowing for auto loans and student loans. Borrowing in the category that covers credit cards ticked up only $457.8 million after surging in October.

Credit card borrowing plunged after the Great Recession and consumers remain cautious about taking on high-interest debt. It has gradually increased to its highest level in more than three years, but it's still 16 percent below its peak of more than $1 trillion reached in 2008.

The combination of weak hiring and meager wage gains has left many Americans reluctant to charge their purchases.

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France fines Google $204,000 over privacy policy PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 08 January 2014 16:34

PARIS (AP) — The French digital privacy watchdog is fining Google 150,000 euros ($204,000) for breaking rules on ensuring data privacy.

The CNIL agency said on Wednesday that Google's new privacy policy — which applies to all of its services from e-mail to calendars — isn't specific enough about how and why it collects data from users and doesn't define how long it keeps such data, among other problems. EU authorities also have said the new privacy policy doesn't follow their rules.

Google has contended that its new policy is simpler and complies with European law.

Since the company did not change its policy as requested, the CNIL said it is fining Google. The agency also asked the search giant to post a statement about the decision on its French home page, google.fr.

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Unemployment aid: What's at stake for U.S. economy PDF  | Print |  E-mail
Written by JOSH BOAK, AP Economics Writer   
Wednesday, 08 January 2014 07:34

WASHINGTON (AP) — More than a million Americans lost their unemployment benefits late last month, when a temporary federal program expired. Congress is debating whether to restore the aid for three more months.

A bill to do so cleared a key procedural hurdle in the Senate on Tuesday. But final passage remains unclear. Democrats say extending the aid would boost hiring and economic growth. But many Republicans say the benefits discourage the unemployed from seeking work and would widen the federal budget gap.

Some questions and answers about what's at stake for the U.S. economy:

Q. Who's affected?

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