Eurozone service sector growth contracts, as the IMF warns the stronger economies must avoid imposing drastic budget cuts at the expense of growth.

The rest is here:
IMF warns on drastic budget cuts

Those who make sport out of denigrating the federal workforce should meet the winners of this year’s Samuel Heyman Service to America Medals. During a period when some people think that federal employees are overpaid, and they face the uncertainty of budget cuts, the awards — better known as the Sammies — are a welcome and needed relief. Read full article > >

Read the rest here:
Rewards of federal service

Those who make sport out of denigrating the federal workforce should meet the winners of this year’s Samuel Heyman Service to America Medals. During a period when some people think that federal employees are overpaid, and they face the uncertainty of budget cuts, the awards — better known as the Sammies — are a welcome and needed relief. Read full article > >

Go here to see the original:
Rewards of federal service

DUBLIN — Italian unions geared for a strike against planned budget cuts Tuesday, and a core group of European finance ministers were expected to confer in Berlin, as officials struggled to halt a slow-motion crisis that is slamming world stock markets. European exchanges opened mixed Tuesday, with neither large gains or losses, following a dramatic sell-off on Monday that pushed major indexes down more than 5 percent. Asian exchanges fell Tuesday, some by more than 2 percent. Japan’s Nikkei closed at its lowest point since April 2009 — falling 2.2 percent, to a level unseen since the previous global economic downturn. Other major Asian markets also sustained losses, with South Korea’s KOSPI dropping 1.1 percent and Australia’s S&P/ASX 200 down 1.5 percent. Read full article > >

View original post here:
Asian markets fall as European ministers try to calm nerves

Proposed budget cuts to councils in England have doubled to about £1bn after the government underestimated the growth of its academies programme.

Read more here:
Councils academies cuts to double

OCEAN CITY, Md. — Gov. Martin O’Malley said Maryland must be open to new taxes to address the state’s budget problems next year, and he cautioned Saturday that the state must be prepared for serious ripple effects from potentially deep budget cuts by the federal government. O’Malley, who gave his annual speech to the summer conference of the Maryland Association of Counties in Ocean City, cited three primary shortfalls. The first is a state budget deficit of about $1 billion. He also said action is needed to maintain sewage treatment upgrades in the state. The governor also highlighted shortfalls in funding for transportation infrastructure. Read full article > >

Read more from the original source:
Gov. O’Malley says Maryland needs to be open to tax increases to address budget problems

Budget cuts proposed by House Republicans to the Food and Drug Administration would undermine the agency’s ability to carry out a historic food-safety law passed by Congress just five months ago, food safety advocates say. The legislation , passed in December, is the first major change to the nation’s food-safety laws since 1938. It calls for the FDA to significantly step up scrutiny of domestic and imported food and devise a new system aimed at preventing the kind of contamination that sickens one in six Americans every year. Read full article > >

See the original post here:
Food safety advocates decry FDA cuts

A survey suggests half of England’s schools face budget cuts and many are planning to cut posts.

Link:
Budgets ‘cut in half of schools’

Global turmoil and potentially steep budget cuts have heightened economic uncertainty, Federal Reserve leaders concluded at their last policy meeting. Yet the nation’s recovery was still on track, the officials said in choosing to maintain their current bond-buying policy.

The rest is here:
Fed sees steady recovery despite turmoil, minutes show

In a crowd of 250,000 to 500,000, you’re bound to get a few bad apples. The massive London demonstration against budget cuts was for the most part peaceful, but a band of people in Trafalgar Square threw bricks, ammonia-filled lightbulbs, and…

Visit link:
London Rally Organizers Condemn Violence

In a crowd of 250,000 to 500,000, you’re bound to get a few bad apples. The massive London demonstration against budget cuts was for the most part peaceful, but a band of people in Trafalgar Square threw bricks, ammonia-filled lightbulbs, and…

Visit link:
London Rally Organizers Condemn Violence

LONDON — Police say protesters have thrown paint bombs and light bulbs filled with ammonia at officers in London’s center during a demonstration against budget cuts.

See the original post here:
London protesters throw ammonia, paint at police during rally of tens of thousands

The BBC Caribbean Service broadcasts for the final time, one of several World Service language services closed because of budget cuts.

The rest is here:
BBC closes its Caribbean Service

Surrey University becomes the fifth university to announce it intends to charge maximum fees of £9,000, blaming budget cuts.

Follow this link:
Surrey heading for £9,000 fees

Wisconsin Gov. Scott Walker forged ahead with his cost-cutting budget Wednesday despite a campaign by liberal groups to recall Republican state senators. Walker’s budget cuts 8 percent of state aid to districts and also reduces the districts’ ability…

Read the original post:
Walker Proposes Massive School Cuts