NEW YEAR: What Consumers Can Expect in 2013
In the New Year, consumers will be faced with higher grocery bills, lower mortgage rates and cheaper gas. Here are a few predictions consumers can expect in 2013:
Anticipated Price Hikes:
- Grocery bills: The U.S. Department of Agriculture predicts grocery bills will rise 3-4 percent in 2013, due to higher feed costs.
- Overdraft fees: Banks are looking for ways to raise revenue without inciting customer backlash, meaning higher overdraft fees and charges for using out-of-network ATMs.
- Luxury items: Smartphones, cars and other luxury goods will also be more expensive in the New Year.
- Copper: Prices on copper could rise, causing a ripple effect because it’s used in several consumer products like wire, pots, residential water pipes and industrial equipment to brew beer.
Bright Side:
- New regulations on debt collectors: As of January 2nd, the Consumer Financial Protection Bureau will regulate the country’s large debt collectors, an industry widely criticized for harassment, deception and other illegal tactics to get people to pay.
- Good news for home buyers: Mortgage rates are expected to remain low in 2013.
- Gas: Gas prices should continue their slow decline. The average is expected to be $3.43 per gallon, which is down from 2012’s average of $3.63. (Today)
JILL SCHLESINGER
Chet talks with CBSMoneywatch.com's Jill Schlesinger about the fiscal cliff.
-Congress passes Fiscal Cliff bill.
-Russ Brandon to lead the Bills.
-Another Joe Morelle to enter into politics.
BILLS
on Tuesday promoted Russ Brandon to the position of president and CEO with full authority over the team's operations...Owner Ralph Wilson, 94, relinquished his title as team president to Brandon, who already held the title of CEO. In his new role, Brandon will report directly to Wilson...BRANDON'S FIRST ORDER OF BUISNESS WAS TO ANNOUNCE THAT Buddy Nix will remain the club's general manager.
randon completed his 16th season with the Bills, and has been serving as the team's chief operating officer since 2008. He was initially hired to work as the Bills director of business development and marketing. He previously served as general manager in 2008 and `09, taking over after Marv Levy stepped down.
ACCORDING TO REPORTS The early candidates TO REPLACE CHAN GAILEY are former Arizona Cardinals head coach Ken Whisenhunt and current Cards defensive coordinator Ray Horton..
Bills brass will fly to Arizona this week to meet with Whisenhunt and Horton,.......Buffalo has asked for permission to interview Broncos offensive coordinator Mike McCoy for its coaching vacancy
ORANGE BOWL
LONNIE PRYOR RUSHED FOR A career-high 134 yards and two touchdowns in LEADING 13TH RANKED FLA STATE PAST NNUMBER 15 NORTHERN ILLINOIS 31-10.
ROSE BOWL
eighth-ranked STANFORD WON THE ROSE BOWL FOR THE FIRST TIME SINCE 1972 BEATING WISCONSIN 20-14 Stepfan Taylor RAN FOR TWO TDS....
Winning their first bowl since the 1949 Rose Bowl, the 21st-ranked NORTHWESTERN Wildcats snapped their nine-game bowl losing streak by beating Mississippi State 34-20 in the Gator Bowl
Sixth-ranked Georgia outscored No. 23 Nebraska 45-31 to win the Capital One Bowl. Aaron Murray threw five touchdown passes to set a Georgia bowl record, including two in the fourth quarter. Murray passed for 427 yards for the 12-2 Bulldogs.
Eleventh-ranked South Carolina captured the Outback Bowl by rallying past 19th-ranked Michigan 33-28. Dylan Thompson came off the bench to throw a 32-yard touchdown pass with 11 seconds left to rally the Gamecocks, who finished 11-2.
_ Clint Chelf threw three of Oklahoma State's five touchdown passes and the Cowboys shook off a disappointing Big 12 finish by dominating Purdue 58-14 in the Heart of Dallas Bowl.
tonight is the sugar bowl.........louisville vs florida...
Gov. Tom Corbett says he plans to sue the NCAA in federal court over sanctions imposed against Penn State in the wake of the Jerry Sandusky child sexual abuse scandal.
NFL
Green Bay defensive back Charles Woodson has been cleared to play in Saturday night's playoff game against the Minnesota Vikings....BROKE HIS COLLARBONE BACK ON OCTOBER 21ST...
NBA
The Trail Blazers overcame Carmelo Anthony's season high-tying 45 points and spoiled Amare Stoudemire's season debut, beating the Knicks 105-100 on Tuesday night. Stoudemire finished with six points on 3-of-8 shooting and one rebound in 17 minutes off the bench in his return from knee surgery.
The Los Angeles Clippers' team-record 17-game winning streak has come to a crashing halt....Danilo Gallinari scored 17 points and the Nuggets held the Clippers to 39 percent shooting in a 92-78 victory in Denver
The Celtics return to action tonight at home against Memphis
COLLEGE HOOPS
No. 7/7 Syracuse (12-1) will open BIG EAST play when it hosts Rutgers (9-2) on what could be a historic night in the Carrier Dome on Wednesday, Jan. 2 at 7 p.m. Orange head coach Jim Boeheim is going for his 903rd career victory, which would move him into sole possession of second place on the all-time Division I wins list.
Marquette knocked off the UConn Huskies 82-76 in overtime last night in the Big East opener for both teams. Shabazz Napier led UConn with 29 points, while Ryan Boatright added 16.
UALBany opens up conference play TONIGHT against UMBC at SEFCU Arena. ..TIP OFF IS 7:00
MLB
AL Cy Young Award winner David Price has agreed to a one-year contract worth just over $10 million, avoiding arbitration
