Bullet tax eyed in bid to curb Chicago crime
As Chicago struggles to quell gang violence that has contributed to a jump in homicides, a top elected official wants to tax the sale of every bullet and firearm — an effort even she...
Category: Government Money
U.S. to Get Downgraded Amid Fiscal ‘Theater,’ Pimco Says
The sovereign credit rating of the U.S. will be cut as “fiscal theater” plays out in the world’s biggest economy, according to Pacific Investment Management Co., which runs the world’s largest bond fund. “The...
Clashes erupt at Greek anti-austerity protests
(Reuters) – Greek police clashed with anti-austerity protesters hurling stones and petrol bombs on the day of a general strike that brought much of the near-bankrupt country to a standstill. In the second major...
Bangladeshi man arrested after allegedly trying to blow up Fed building in NYC
DEVELOPING: Federal authorities arrested a Bangladeshi national Wednesday morning for allegedly plotting to blow up a Federal Reserve building in New York City’s lower Manhattan, mere blocks away from the site of the terrorist attack...
German growth forecast chopped on eurozone woes
http://www.euronews.com/ Germany has cut its economic growth forecast in as the country finally starts to feel the effects of the eurozone credit crisis. The slowdown prediction comes as companies postpone investment, and the economy minister...
Students revolt across Spain
http://www.euronews.com/ Thousands of students protested against education cuts on Wednesday. On the second day of a three-day secondary school strike, University students joined in to protest against the rise in tuition fees and the reduction...
“This country is bankrupt, and people just don’t want to admit it”
Think Congress does not have much to show for itself this year? Think again. A new report from Senator Tom Coburn’s office highlights dozens of examples of government waste in 2012. Included for the first time...
Resistant tuberculosis: One of the most “ominous global health threats”
The international effort to eliminate tuberculosis is “in real danger”, according to the World Health Organization (WHO). Its latest figures showed there were 8.7 million new cases in 2011 and 1.4 million deaths. It warned...
‘Worst may still be ahead’ for UK banks
The “worst may still be ahead” for Britain’s banking sector, according to the Bank of England’s deputy governor, as he warned that bank balance sheets were still not strong enough to withstand the “end-of-the-world...
U.S. exports to Iran rise nearly one-third despite sanctions
(Reuters) – U.S. exports to Iran rose by nearly a third this year, chiefly because of grain sales, according to U.S. data released last week, despite the tightening of U.S. financial sanctions. The jump to $199.5...
