McCain Pledges Balanced Budget by end of First term

PHOENIX – Senator John McCain is pledging once again to balance the budget by the end of his first term in 2013, his advisers said Monday, reverting to an earlier pledge he had abandoned in April when he proposed a...

Oil imports increase US trade gap

Soaring fuel prices have now started  hitting even American economy badly. According to a latest report for the first time in last 13 months, US trade deficit have gone up to $60.9bn in April ."The rising cost...

You Can’t Trust A Woman With Money

When Bill Clintonleft office in the winter of 2000, the economy was booming, the governmentbudget was balanced, and tight fiscal spending had given the government $230billion surplus, making it the largest surplus in...

Michelle "Blast Clinton" Malkin on Sleep Deprivation

"In a radio interview Tuesday, Hillary blamed her congenital dissembling on being “sleep-deprived.” If that is so, then Hillary has been a walking zombie for years.This is the woman who insisted for more than a...

Senate, House approve fiscal 2009 budget plans

"WASHINGTON (Reuters) - The U.S. Senate passed a budget plan on Friday to eliminate the federal deficit by 2012 while spending more than President George W. Bush wants on domestic programs like schools and roads. After a 15-hour debate that began on Thursday, the Senate...

RI suffers deficit in trade with EFTA countries

Jakarta (ANTARA News) - Indonesia always suffered a deficit in its trade with European Free Trade Area (EFTA) member countries during the past four years, Trade Minister Mari Pangestu said.Indonesia`s exports to EFTA members stood at US$235.8 million in 2004 while its imports...

Infrastructure: How Would You Spend $1.6 Trillion?

"“China spends 9 percent of its gross domestic product (GDP) on infrastructure and India budgets 3.5 percent … while aiming to increase its allocation to 8 percent. By comparison, the United States budgets $112.9 billion or just 0.93 percent of its GDP, and sidesteps the...

U.S. Markets Volatile After Another Steep Dive in Europe

"Wall Street endured another volatile day on Wednesday as stocks plunged at the opening bell, spent much of the session in negative territory, then erased a 326-point deficit in the afternoon. Skip to next paragraph Multimedia Two Days of Market TurmoilGraphic Two Days of...

Red Cross Faces $200 million Deficit, Layoffs

Apparently the lack of any high profile disasters has dropped the amount of contributions the Red Cross normally receives, and they are being forced to lay off 1,000 employees. They face a budget deficit of $200...

Obama Erases Clinton's Lead

"Barack Obama has erased a once substantial deficit to climb into a virtual tie with Hillary Clinton in the Democratic presidential race, according to a Reuters/Zogby poll released on Wednesday. ADVERTISEMENT Among Republicans, John McCain charged to the front of a shifting...

Oil subsidy to soar to Rp87 T : minister

""We see it (subsidy hike) as being quite secure at the end of this year because there is still balance between the increase in revenues and that in spending. The deficit in the state budget will remain unchanged," he said. He said oil output until the end of 2007 would stand...

Trade Deficit Improves Significantly: Record Exports

More good news on the economy.  After 22 straight quarters of economic growth we now have a trade deficit that is shrinking and record levels of exports."The U.S. trade deficit fell to the lowest level in...

Does NYT Twist Data: Economic spin?

Very interesting exchange between writer and blogger."The New York Times has to work very hard to make the performance of the economy during the past few years look bad. This morning, David Cay Johnston did his...

Economy Has Worst Growth Since 2002

"WASHINGTON (AP) -- The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years. The new reading on the gross domestic product, released by the Commerce Department Thursday,...

Britney Spears 'hit rock bottom'

... surprisingly she says it's after she married "K-Fed""Britney Spears tells fans she 'hit rock bottom' Updated Tue. May. 29 2007 6:37 PM ET Associated Press LOS ANGELES -- Britney Spears says she "hit rock bottom,"...

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