The Senate on Sunday passed a $1.1 trillion spending bill with increased budgets for vast areas of the federal government, including health, education, law enforcement and veterans’ programs.
The more-than-1,000-page package, one of the last essential chores of Congress this year, passed 57-35 and now goes to President Barack Obama for his signature.
Posts Tagged ‘Economy | Finance’
Senate OKs $1.1 Trillion Spending Spree for Obama
Posted: 14th December 2009 by Veritas in Economy | Finance, PoliticsTags: congress, debt, Economy | Finance, Obama, spending, treasury, trillion
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Dubai Is Bailed Out By Abu Dhabi
Posted: 14th December 2009 by Veritas in Economy | FinanceTags: abu dhabi, bailout, dubai, Economy | Finance, uae
Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federation the humiliation of an imminent default by one of the struggling Arab boomtown’s star companies.
The bailout was about more than petrodollar transfers from one United Arab Emirates sheikdom to the other. [...]
Man Makes $80K per Year Wearing T-Shirts
Posted: 9th November 2009 by Veritas in Economy | Finance, Oddly EnoughTags: business, Economy | Finance, entrepenure, marketing, shirt
A T-shirt a day has kept unemployment at bay for an American man who is making about $85,000 a year by selling advertising space on his torso.
Jason Sadler, 26, a former marketing professional from Florida, founded his own company, www.iwearyourshirt.com, in 2008 with the idea to wear a T-shirt supplied by any company and then [...]
Despite the Lies…Recessions Don’t End Until People Have Jobs
Posted: 6th November 2009 by Veritas in Economy | Finance, PoliticsTags: depression, Economy | Finance, employ, federal, job, Obama, Recession
The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher.
Is Exporting the Answer to Disappearing Jobs?
Posted: 2nd November 2009 by Veritas in Economy | Finance, PoliticsTags: Economy | Finance, employ, job, Obama, trade
U.S. President Barack Obama warned on Monday that more U.S. job losses lay ahead despite a turnaround in the economy, and he called for a new “post bubble growth model” with greater focus on U.S. exports.
Jobless Claims Rise to 2 Year High
Posted: 22nd October 2009 by Veritas in Economy | Finance, PoliticsTags: Economy | Finance, employment, financial, job, stimulus
A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.
Gold Shines Bright As Dollar Fades
Posted: 7th October 2009 by Veritas in Economy | FinanceTags: currency, dollar, Economy | Finance, gold
As the dollar’s dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets thanks to an unlikely quality — neutrality.
We’ll Let You Know…Reasons for No Job Callbacks
Posted: 28th September 2009 by Veritas in Economy | FinanceTags: application, Economy | Finance, employ, job, unemployment
In the best of times responding to a job listing can feel like sending your resume out to sea in a bottle. But at least you received a call or an email acknowledgement. Now, with the volume of applicants higher than ever, you’re more likely to hear nothing.
Iceland Passes Bill to Start Repayment Process
Posted: 28th August 2009 by Veritas in Economy | FinanceTags: bank, crisis, debit, Economy | Finance, financial, Iceland, Parliament
REYKJAVIK – Iceland’s parliament approved on Friday a bill to repay Britain and the Netherlands more than $5 billion lost in Icelandic deposit accounts, a move seen paving the way for further aid to repair the crisis-hit economy.
Is Obama Digging a Hole We Can’t Get Out Of?
Posted: 24th August 2009 by Veritas in PoliticsTags: budget, deficit, Economy | Finance, healthcare, Obama, spending
WASHINGTON – President Barack Obama’s domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when officials release two government reports projecting huge budget shortfalls over the next decade.
Credit Card Rule Changes Bad News for Consumers
Posted: 20th August 2009 by Veritas in Economy | FinanceTags: American Express, bank, Citi, consumer, credit, Economy | Finance
NEW YORK — The rules your credit card company operates by will start getting much clearer on Thursday. But just because you’ll know what they’re up to doesn’t mean you’re going to like what you learn.
Regulations aimed at reining in practices like unexpected interest rate increases and credit limit cuts start with two rules. Consumers [...]