For euro zone, the heat is on again
(Reuters) – The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance. The coming months...
Category: Government Money
Global economy could endure disaster for a week
(Reuters) – The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events,...
U.S. Schools Sue States for More Funds
School districts and their supporters around the US have launched a wave of lawsuits asking courts to order more spending on public education, contending they face new pressures as states cut billions of dollars...
China warns US on Asia military strategy
China’s state media have warned the US against “flexing its muscles” after Washington unveiled a defence review switching focus to the Asia-Pacific. In an editorial, official news agency Xinhua said President Barack Obama’s move...
Pentagon military review ‘will axe US troops’
The US is to axe thousands of troops as part of a far-reaching defence review aimed at coping with huge budget cuts over the next decade, officials say. The changes – to be unveiled...
Obama Again Bypasses Congress, Appoints 3 to Labor Board
Hours after enraging Republicans by appointing the head of the new Consumer Financial Protection Bureau while Congress is out of town, President Obama again bypassed GOP opposition in appointing three people to the National...
Obama bucks GOP, OKs consumer watchdog
WASHINGTON (AP) — In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation’s chief consumer watchdog even though the Senate contends...
U.S. fighter sales soar in time for campaign
(Reuters) – Booming Middle East purchases of U.S. fighter jets will be a bright spot in what is expected to be a sluggish economy in 2012, possibly paying dividends for President Barack Obama’s bid...
Car Company Gets U.S. Loan, Builds Cars In Finland
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find...
US sanctions on Iran’s central bank. Tehran has called this an act of war
On the last day of 2011, US President Barack Obama Saturday signed into law measures penalizing foreign financial institutions doing business with Iran’s central bank, Bank Markazi – the toughest sanctions imposed yet over...
