Save Money And Help The Economy At The Same Time

February 2nd, 2009 by ConsumerBob

The good news…we’re saving. The bad news…we’re saving. The Consumer Affairs Department has released new data showing Americans are saving more than ever before and that is the reason our recession is expected to last even longer than expected.

Macy’s To Cut 7,000 Jobs, Slash Dividend

February 2nd, 2009 by ConsumerBob

Macy’s Inc. announced Monday that it will eliminate 7,000 jobs, almost 4 percent of its work force, and cut capital spending, reduce its contributions to its employees’ retirement funds and slash its dividend to preserve cash amid a severe pullback in consumer spending.

Appeals Court Rejects Disclosure Of Medicare Data

February 2nd, 2009 by ConsumerBob

A consumer group seeking Medicare billing records to peek over the shoulders of doctors and grade them on quality said Monday it’s not giving up despite a reversal from a federal appeals court. Consumer advocates, employers and insurers argue that access to Medicare claims filed by doctors’ offices could help independent groups monitor quality and […]

Consumer Spending, Incomes Fall; Savings Rise

February 2nd, 2009 by ConsumerBob

Consumer spending fell for a record sixth straight month in December as recession-battered households, worried about surging layoffs, boosted their savings rates to the highest level since May. Economists expect consumer spending, which accounts for the largest portion of total economic activity, to remain weak this year, prolonging an already painful recession.

CPSC Grants One Year Stay of Testing and Certification Requirements for Certain Products

January 31st, 2009 by ConsumerBob

The U.S. Consumer Product Safety Commission voted unanimously (2-0) to issue a one year stay of enforcement for certain testing and certification requirements for manufacturers and importers of regulated products, including products intended for children 12 years old and younger. These requirements are part of the Consumer Product Safety Improvement Act (CPSIA), which added certification […]

USDA Consumer Alert: Keeping Food Safe During an Emergency

January 31st, 2009 by ConsumerBob

The U.S. Department of Agriculture is providing recommendations to the regions affected by severe winter weather in Mid-Atlantic and Midwestern states. Power outages can occur at any time of the year and it often takes from a few hours to several days for electricity to be restored to residential areas.

Consumers Urged to Keep More of Their Tax Refunds by Avoiding Quickie Loans

January 31st, 2009 by ConsumerBob

Some of America‚Äôs most cash-strapped taxpayers – those from low- and moderate-income families – spent about $900 million in the latest year recorded for what is almost always an unnecessary product: the so-called “refund anticipation loan” at income tax time. With the opening of another tax season, consumer advocates at the National Consumer Law Center […]

Obama To Sign Bill On Analog Shutdown Delay

January 31st, 2009 by ConsumerBob

White House press secretary Robert Gibbs says President Barack Obama will sign a bill to give consumers more time to get ready for the switch from analog to digital television broadcasts. The switch under current law is set for Feb. 17.

Pack the Right Credit Card to Avoid Overseas Surcharges

January 31st, 2009 by ConsumerBob

Before going abroad, you better find a credit card that does not charge you an extra three percent for purchases made overseas. Here are two, plus tip on finding the best travel insurance policy. For more consumer news, visit Consumer World.

Outdoor Research Recalls Warming Gloves Due to Burn Hazard

January 29th, 2009 by ConsumerBob

The glove’s electric heating pad can short circuit and overheat, posing a burn hazard to consumers.