6at4 Business Report: Bank of America; U.S. Poverty levels

July 23, 2012 2:46:55 PM PDT
One major bank is reducing the number of ATMs; Poverty levels are rising; A bear is busted in the mall.

Poverty Levels Rising
Poverty may be on track to rise to the highest levels since the 1960s because of a weak economy and dwindling government safety net. The Associated Press says more discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. It's not just the underemployed, poverty is rising at record levels to many groups including suburban families.

Fewer Bank Of America ATMs
Are you noticing fewer Bank of America ATMs around? Bank of America's taken out about 1,500 of them, or 9%, as part of its plan to cut $8 billion in expenses. Most of them have been removed from gas stations and malls where consumers could only take out cash, not make deposits. Bank of America STILL has about 16,000 ATMs out there.

Bear Caught in Pa. Mall
Authorities set up a trap today to try and catch a bear that got inside of a Pittsburgh area mall over the weekend. The bear was spotted near an Olive Garden on Saturday and got away. Another bear was inside of the mall, captured, and tranquilized inside of a Sears store. The first bear walked into the store through the door around 9pm on Saturday. But authorities are still working to catch the bear spotted near the Olive Garden.


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