Weeks after social issues dominated Democratic talking points in the 2012 campaign, President Barack Obama refocused his message on his and his Republican opponent's approaches to the economy in an Ohio speech on Thursday. Obama didn't announce any new economic policy at Cuyahoga Community College in Cleveland.
Fear of an impending "fiscal cliff" and a potentially drawn-out debate about raising the federal government's debt ceiling plus uncertainty about November's presidential election will lead to a 0.8 percent fall in marketing spending in 2012, Pivotal Research Group said Thursday. Advertising spending is expected to grow 2.4 percent in 2012, excluding the impact of the Olympics on national TV and political advertising on local TV, according to Brian Wieser, CFA with Pivotal Research. However, advertising spending growth would have reached 3.2 percent in 2012 were it not for the "nervousness among marketers in the period leading up to fall elections will restrain expansion because of the looming 'fiscal cliff'." That phrase refers to the end of tax cuts and automatic spending reductions that are set to occur simultaneously at yearend.
The new ATM withdrawal fee is now $2.50 from $2, comparison Web site Mozo said, which would boost the income of ATM operators by $600 million. The fee increase came despite assurances from politicians to reduce the cost of accessing their money. The increase was triggered mainly by hike on ATM fees made by two main independent ATM operators outside the major banks.