Why your car insurance premium just rose … again

If you’ve bought car insurance for the past few years, you’ve almost certainly suffered annual increases that have outpaced inflation. Unfortunately, that trend is likely to continue in the year to come. Here's why.

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US economy continues to expand, optimism about 2017 growth: Fed survey

"Firms across the country and industries were said to be optimistic about growth in 2017," the Fed's Beige Book survey of the economy saidThe US economy continues to expand and is now seeing tight labor markets and rising price pressures, as businesses nationwide have an upbeat outlook for 2017, the Federal Reserve said Wednesday. "Firms across the country and industries were said to be optimistic about growth in 2017," the Fed's Beige Book survey of the economy said. Most of the 12 Fed districts reported tighter labor markets, including increasing wages or trouble filling open positions, while price pressures have "intensified" since the last survey in November.


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Jump in manufacturing, tight labor markets show U.S. economic health: Fed

A guard walks in front of a Federal Reserve image before press conference in WashingtonA pickup in manufacturing, "widespread" reports of labor shortages and improving business investment set the stage for the Federal Reserve's December rate hike amid signs of steady economic growth across the country, the Fed reported Wednesday in its latest Beige Book compendium of economic conditions. Manufacturers in "most" of the Federal Reserve System's 12 regions reported increased sales, the Fed reported in the document, a collection of anecdotal information from businesses assembled before each Fed meeting.


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Colombia peace talks with ELN rebels to begin Feb. 8: president

Colombia's President Santos, attends the annual meeting of the World Economic Forum (WEF) in DavosColombia's government will begin much-delayed formal peace talks with the country's second-biggest rebel group the ELN on Feb. 8, after the guerrillas release a politician being held hostage, President Juan Manuel Santos said on Wednesday. The National Liberation Army (ELN) will release politician Odin Sanchez before the start date, meeting a repeated government requirement for negotiations to begin, Santos told journalists in Davos, Switzerland, where he is attending the World Economic Forum. "If he is not released, there will simply be no negotiation, That has always been the position of the Colombian government and my position," Santos said.


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Trump shoots down GOP corporate tax reform plan

It was probably too good an idea to survive the Washington policy meat grinder, but President-elect Donald Trump may have killed the House Republicans’ favored corporate tax reform before it even had a chance.

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Second Nigerian tomato paste plant shuts, in embarrassment for Buhari

By Chijioke Ohuocha LAGOS (Reuters) - Africa's richest man Aliko Dangote has shut his new tomato paste plant in Nigeria due to a shortage of dollars needed to import raw materials, a senior executive said, the second such closure in months in a blow to official plans to diversify the economy. President Muhammadu Buhari, elected in 2015 on a platform of fixing a country mismanaged for decades, frequently speaks of ending Nigeria's dependency on oil exports by boosting food production, repeating his mantra: "We must produce what we eat".
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