ORLANDO, Fla. (AP) — As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. So he left construction, along with 2.3 million others nationwide during the economic downturn, and got a job installing traffic signals and street lights.
By Ernest Scheyder WILLISTON, N.D. (Reuters) - It is getting cheaper to rent an apartment in North Dakota's oil patch. Prices, which only last year rivaled levels in New York City and Geneva, have slipped about 15 to 20 percent in the past two months as dozens of new apartment buildings opened in Williston, Watford City and other oil hub cities. Growth in demand has slipped because the plunge in crude oil prices has led to cuts in capital spending by energy producers. There are still about 1,800 energy-related jobs unfilled in the No. 2 U.S. oil-producing state, and there is still demand for apartments. "You're starting to see prices fall this year as more units come online," said Terry Metzler of Granite Peak Development, which has built apartments and a shopping center in Williston, considered capital of the state's oil boom, and has an additional 480 apartments and houses under construction.
Just 24 percent of those polled said Congress should be allowed to have detailed oversight of the Fed, the poll shows. The poll of 1,388 Americans was conducted from Feb 20-24 to measure whether people supported proposed legislation that would expose the Fed to a full government audit, a move being led by Rand Paul, a likely 2016 presidential candidate. Supporters of the campaign say the Fed needs more transparency and accountability. Opponents say the Fed is already audited, and that exposure of internal policy discussions could lead to political influence over decisions on interest rates and damage market confidence.
NEW YORK (AP) — Samsung, locked in a tight race with Apple to be the world's biggest smartphone maker, has unveiled an important new phone that ditches its signature plastic design for more stylish metal and glass.
California Republicans broke from their own platform on Sunday and voted overwhelmingly at their state party convention to give official recognition to a gay rights wing of the GOP that has long been marginalized. Endorsement of the Log Cabin Republicans as a charter volunteer organization within the nation's largest Republican statewide party apparatus marked a turning point of sorts for California Republicans on a key chunk of their social policy agenda. Delegates to the California Republican Party voted 861-293 in favor of the move during the party's three-day annual convention in Sacramento, the state capital, a party spokeswoman said. Party leaders sought to play down the action, dismissing the notion that recognition of the Log Cabin Republicans, a group founded in 1977 under a moniker that refers to the first Republican U.S. president, Abraham Lincoln, signaled a retreat from conservative principles.
NEW YORK (AP) — Mayor Bill de Blasio told hundreds of participants at a lesbian, gay, bisexual and transgender-friendly St. Patrick's Day parade on Sunday that a society for all is one that embraces and respects everyone.