Tag: economy
Political battle heats up over student loans
The struggle to pay back student loans has become the latest election year showdown. Both Republicans and Democrats are vowing to prevent interest rates from doubling in July, but they clash over where the money to pay for that change should come from. ...
Europe's governments turning against austerity measures
Across the European continent, there's a growing belief that austerity is killing those country's future, and it's growth, not spending cuts, that is needed to turn things around. But there's a tension between the need to balance the budget and the desire to grow....
Ethanol: Off the radar, but bigger than ever
Ethanol isn't in the news much anymore, But in recent years the corn-based fuel industry has grown beyond expectations. With gas prices on the rise, ethanol may be ready for a come back....
Singapore trying to encourage spontaneity to change economy in buttoned up country
Singapore is known for being a country of limits. People know one way to act -- and that's conservatively. But in recent years, as competition has intensified, the city-state's government has tried to transform its economy. But it's run into a problem: most of its people don't know how to be creative....
Obama campaign moves to make so-called Buffett Rule major campaign issue
President Barack Obama brought his message of "shared sacrifice" to Florida Tuesday, where he argued that passing a tax code change requiring the wealthiest of Americans to pay an effective tax rate of at least 30 percent. The Romney campaign blasts the idea and points out Obama is the first candidate in recent memory to campaign on raising taxes....
Spanish community looks to marijuana growing as road to economic recovery
Rasquera, population about 3,000, has a budget problem. Roughly $1.5 million in debt from run-of-the-mill infrastructure projects. Like most Spanish communities, the economic downturn and debt crisis has laid it low, but a new plan has emerged, grow marijuana, that could pay off its bills -- if it doesn't split the town in half first....
Gold mine set to open inside national park in Scotland
A Scottish National Park, believed to be home to $300 million worth of gold, will be the home of a new gold mine at some point this year. And while some environmentalists are against the project, most locals are squarely behind it. They say it's a dose of much-needed economic development....
As Canada says goodbye to its penny, Americans ponder their own one cent piece
Starting this fall, Canada will stop making and distributing its pennies. Electronic transactions can still include prices in one-cent intervals, but cash transactions will be rounded up and down to the nearest five cents. It's an effort to cut costs because the penny costs more to make than its worth....
Unemployment rate drops in March, but economy adds fewer jobs
The much-anticipated jobs report from the U.S. Labor Department, out Friday, showed decreasing unemployment levels, but fewer new jobs created in March. It's just another sign that the current recovery is moving forward at a snail's pace....
U.N. summit focuses on how to improve global happiness
The United Nations convened on Monday to discuss a topic that isn't usually on their agenda: happiness. Throughout the day, speakers at the U.N. put forward their thoughts on how to measure and improve well-being around the world....
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