@kwellscomm PraiseIndy.com Business Headlines —
The economy was top of mind as President Barack Obama held his last press conference of the year. On Friday afternoon, he opened his remarks at the White House by talking about the economy. President Obama touted his successes in lowering the skyrocketing unemployment rate over his two terms taking it from almost ten percent down to four-point-six percent and insuring over 20-million of 44-million Americans who had no health coverage often-times preventing them from seeing a doctor when they needed. He told reporters that in addition to the unemployment rate being the lowest its been in nearly a decade, that wages have grown faster in the past few years than they had done in the past 40 years. Obama remarked that America is stronger and more prosperous now than when he started his presidency. However, he also noted that people are still dealing with hunger and homelessness, and are still having trouble getting jobs, and communities are still dealing with gun violence. Today’s media event with the President may be the last press conference of Obama’s presidency. He now heads to Hawaii for his Christmas vacation with his family.
Before today’s press conference, President Obama added to his legacy once again by signing an anti-scalping bill into law that is designed to give you a better chance to buy event tickets for face value when they first go on sale. While most Americans were distracted by thoughts of the latest celebrity dropping by Trump Tower for a few words and a photo op, Obama signed the Better Online Ticket Sales Act. The BOTS Act will “prohibit the circumvention of control measures used by Internet ticket sellers to ensure equitable consumer access to tickets for certain events.” The president who is a well-known music and performance lover, heard you and want you to be able to enjoy a concert without going broke from a ticket seller who may be too capitalistically ‘enthusiastic’ at your painful expense.
Major airlines will be allowing travelers to change their travel plans without fees this weekend. American, Delta, Southwest and United will allow fliers to reschedule flights on Friday and Saturday due to heavy snow and blizzard conditions expected through large parts of the country. For example, parts of upstate New York could see up to two feet of snow Friday and near-blizzard conditions will stretch from the Rockies and the northern Plains to the upper-Midwest and Great Plains.
Apple says if you lose one of your wireless earbuds, a new one will cost you a cool $69. An updated Apple support document for the iPhone says a lost AirPod can be replaced for a fee of the same amount–$69. AirPods currently sell online for $159 and might be available for purchase at Apple stores as early as Monday, December 19. The pricey earphones were made for the latest Apple phone, the iPhone 7, which does not have a headphone jack.
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