Healthcare expenses related to Medicare and Medicaid have to be reduced. If they are, then there will be ample scope to increase spending for defense, education, law enforcement, transportation, infrastructure and energy concludes the 100-year review of USA Inc. by a group of financial experts headed by Paul Volcker, Michael ...
Justyna Mielnikiewicz for The New York Times “The main thing I can tell you is that I love my homeland very much, and I’ve done a lot of things which prove this,” says Giorgi Abdaladze, a photographer accused of spying. TBILISI, Georgia — Last week, several days after the photographer ...
The derelict neighbourhood off Michigan Avenue is a sharp contrast to Goldman’s bustling skyscraper headquarters near Wall Street, but the two operations share one important element: management by the bank’s savvy financial professionals. A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a ...
On a day when Americans watched nervously as its government sought to contend with unprecedented turmoil and peril in the economic and political life of the country, the US Senate put aside all divisions and partisan politics to act decisively and unanimously to express support for “promoting increased awareness, diagnosis ...
NEW YORK (CNNMoney) — Don’t you dare withhold our Social Security payments! That’s the message senior citizens and the disabled are sending to President Obama and Republican lawmakers. They are making it very clear that they don’t want to suffer the fallout of the debt ceiling squabbles in Washington, D.C. ...
President Obama made his fuel economy announcement in front of a line-up of vehicles including a Ford F-150 with a fuel-efficient V6 EcoBoost engine and a plug-in hybrid Ram pick-up made by Chrysler. NEW YORK (CNNMoney.com) — Calling it “the most important step we’ve ever taken in reducing our nation’s ...
Todd Heisler/The New York Times Mourners attended the funeral for Bano Rashid, one of those killed in Oslo last week. Ms. Rashid, 18, had intended to run for City Council in September. NESODDEN, Norway — While her friends saved for iPads, Bano Rashid worked at an amusement park last summer ...
The Bayview Station in San Francisco, where clerk Shun Wong waited for customers recently, is one of five targeted for possible closure in that city.
There is a comforting story about the debt ceiling that goes like this: Back in the 1990s, the U.S. was shrinking its national debt at a rapid pace. Serious people actually worried about dislocations from having too little government debt. If it hadn’t been for two wars, the tax ...
Debbie and Roger Bruse from Gillete, Wyo. want to retire at the same time they’ll be paying three college tuition bills. (MONEY Magazine) — Most parents struggle to balance saving for retirement with saving for college, but for Debbie and Roger Bruse, ages 47 and 54, those dueling demands are ...
FORTUNE — It was the winter of 2006, and EOG Resources executive vice president Kurt Doerr had to be wondering what the heck he was doing prospecting for oil in the frigid central plains of North Dakota. Sure, wildcatters had been pumping modest amounts of crude out there for decades. ...
PARIS — Following a detailed analysis of the circumstances that led to the crash of an Air France over the Atlantic Ocean two years ago, French accident investigators on Friday called for a series of significant changes to pilot training procedures aimed at helping flight crews to respond appropriately when ...
You could go pretty far on $100 million, but it wouldn’t last that long for the federal government. The clock is running down on lawmakers’ efforts to agree on a plan to keep the U.S. government from running out of money.
NEW YORK — A late sell-off wiped out the stock market’s gains Thursday as the stalemate over raising the country’s debt limit continued. The market had been up for much of the day after an unexpected decrease in new applications for unemployment benefits. Stocks sank in the last half-hour ...
NEW YORK (CNNMoney) — Popular new technologies and services — like daily group deals and wireless TV services — also come with new frustrations. And consumer agencies are hearing all about them. While these new complaints didn’t make the Consumer Federation of America’s top ten list for 2010, the 31 ...
By Peter Elkind and Jennifer Reingold with Doris Burke FORTUNE — For Jeff Kindler, it was a humiliating moment. The CEO of Pfizer, the world’s largest pharmaceutical company, had been summoned to the airport in Fort Myers, Fla., on Saturday, Dec. 4, 2010, for a highly unusual purpose: to plead ...
BERLIN — Less than a week after the mass killings in Norway, evidence of a shift in the debate over Islam and the radical right in Europe already appeared to be taking hold on a traumatized Continent. Michael Latz/dapd, via Associated Press Police in Stuttgart, Germany, with weapons seized on ...
