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By By THE ASSOCIATED PRESS, on May 14th, 2013 The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday.
Continue reading 2013 Deficit Outlook Improves for U.S.
By , on May 13th, 2013
Eurozone finance minsters are due to meet in Brussels later to agree bailout payments for Cyprus and Greece, amid worries over Slovenia.
Continue reading Greece and Cyprus bailout funds due
By , on May 1st, 2013 <!– google_ad_section_start –> ISTANBUL (AP) — Workers around the world united in anger during May Day rallies Wednesday — from fury in Europe over austerity measures that have cut wages, reduced benefits and eliminated many jobs altogether, to rage in Asia over relentlessly low pay, the rising cost of living and hideous working conditions that have left hundreds dead in recent months. <!– google_ad_section_end –>
Continue reading Around the world, angry workers unite on May Day
By Ilana Glazer, on April 29th, 2013 The basic idea behind austerity is that deflation via government cuts will rein in budget deficits and sovereign debt. However, austerity in practice, as Mark Blyth writes at Foreign Affairs, hasn’t quite delivered.
Continue reading Austerity, Not a Great Cure for Debt
By , on April 25th, 2013 <!– google_ad_section_start –> With over six million unemployed for the first time ever, Spain’s jobless rate shot up to a record 27.2 per cent in the first quarter of this year, the National Statistics Institute said on Thursday, in another grim picture of the recession-wracked country. The agency said the number of people unemployed rose by 237,400 people in the first three months of the year, a 1.1 per cent increase from the previous quarter. The total out of work stood at 6.2 million people, the first time the number has breached the 6-million mark. <!– google_ad_section_end –>
Continue reading Spain’s jobless above six million for first time
By , on April 25th, 2013 <!– google_ad_section_start –> With over six million unemployed for the first time ever, Spain’s jobless rate shot up to a record 27.2 per cent in the first quarter of this year, the National Statistics Institute said on Thursday. <!– google_ad_section_end –>
Continue reading Spain’s unemployment rate soars to record levels
By , on April 23rd, 2013
The UK government borrowed £120.6bn in the financial year to April 2013, slightly lower than the amount it borrowed the previous year.
Continue reading Slight dip in UK public borrowing
By , on April 7th, 2013 <!– google_ad_section_start –> Cameron’s Conservative-Liberal coalition government, trying to rein in the national budget deficit, is bringing in a series of changes to the system this month – in the face of bitter opposition from the Labour Party. The debate has been fuelled by the case of Mick Philpott, a nationally notorious welfare-dependent father of 18, who was jailed last week for the manslaughter of six children in setting fire to his own house. <!– google_ad_section_end –>
Continue reading Accepting welfare a ‘lifestyle choice’, Cameron tells Britons
By , on April 5th, 2013 <!– google_ad_section_start –> Rahul Gandhi, often described as India’s prime minister-in-waiting, said in a keynote address designed to raise his profile that the poor must see the benefits of economic growth. Faced with a sharply slowing economy and swelling budget deficit, the ruling Congress party vice-president told business chiefs late on Thursday he wanted to forge a long-term partnership with them to help the poor and unleash India’s “beehive” energies. <!– google_ad_section_end –>
Continue reading Gandhi says growth in India must help poor
By , on April 4th, 2013 <!– google_ad_section_start –> A British man was jailed for life and his wife and accomplice were given long prison sentences yesterday for accidentally killing six of their children in a bungled house fire plot aimed at getting custody of five other children. <!– google_ad_section_end –>
Continue reading Welfare dad Mick Philpott gets life for killing 6 children
By , on April 1st, 2013 <!– google_ad_section_start –> Britain’s government yesterday defended a raft of new welfare spending cuts, a key plank of its efforts to rein in spending as the economy flounders, after church leaders attacked them as unjust. <!– google_ad_section_end –>
Continue reading British government says welfare cuts will lead to fairer system
By , on March 30th, 2013
King Abdullah of Jordan swears in the smallest government in four decades, as PM Abdullah Ensour sets to tackle the budget deficit.
Continue reading Jordanian king swears in government
By , on March 19th, 2013 <!– google_ad_section_start –> More than 400 people wearing Chancellor George Osborne masks marched to parliament in central London on Tuesday, campaigning for overseas development aid and against tax avoidance. Ahead of Wednesday’s budget – expected to pile on more austerity pain – the flashmob called on Osborne to keep his promise to ringfence foreign aid and to close corporate tax loopholes in Britain and in developing countries. International aid, health and schools are the only areas the government has pledged to exempt from deep public sector spending cuts as it tries to reduce its budget deficit. <!– google_ad_section_end –>
Continue reading George Osborne flashmob marches on British parliament
By , on March 19th, 2013 <!– google_ad_section_start –> A key regional ally pulled out of India’s ruling coalition on Tuesday, jeopardising Prime Minister Manmohan Singh’s economic reforms but posing no immediate threat to the minority government, which can survive with the support of other parties. The withdrawal of the Dravida Munnetra Kazhagam (DMK) could hamper the government’s efforts to rein in the budget deficit, spur growth in Asia’s third-largest economy and stave off the threat of a downgrade by global credit ratings agencies. <!– google_ad_section_end –>
Continue reading Key ally withdraws from India ruling coalition
By By KAREN ANN CULLOTTA, on March 16th, 2013 In American Legion halls across the country, old age, apathy and budget deficits have become the enemies of an organization seeking to overhaul its image and increase membership.
Continue reading An Aging American Legion Fights for Relevancy
By By JON HURDLE, on March 8th, 2013 The closings are part of a plan by the school district to erase a huge budget deficit and reduce the number of underused schools.
Continue reading Philadelphia Officials Vote to Close 23 Schools
By , on March 6th, 2013 <!– google_ad_section_start –> UNITED NATIONS (AP) — UN Security Council demands immediate release of peacekeepers detained by Syrian rebel forces. <!– google_ad_section_end –>
Continue reading UN Security Council demands immediate release of peacekeepers detained by Syrian rebel forces
By , on March 6th, 2013 <!– google_ad_section_start –> Britain will provide body armour and armoured vehicles to the rebels battling forces loyal to Syrian President Bashar al-Assad, Foreign Secretary William Hague said on Wednesday. <!– google_ad_section_end –>
Continue reading Britain to give Syria rebels body armour, vehicles
By , on March 6th, 2013 <!– google_ad_section_start –> UNITED NATIONS (AP) — UN says 30 armed men have detained about 20 UN peacekeepers near the Golan Heights. <!– google_ad_section_end –>
Continue reading UN says 30 armed men have detained about 20 UN peacekeepers near the Golan Heights
By , on March 6th, 2013 <!– google_ad_section_start –> Shattered supporters of Hugo Chavez paraded his coffin through the streets of Caracas on Wednesday in a flood of emotion allies hope will help his deputy win an election due in the coming weeks and keep his self-styled revolution alive. <!– google_ad_section_end –>
Continue reading Crowds mourn as Chavez’s coffin taken to streets
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Greece and Cyprus bailout funds due
Eurozone finance minsters are due to meet in Brussels later to agree bailout payments for Cyprus and Greece, amid worries over Slovenia.
Continue reading Greece and Cyprus bailout funds due
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