Archive for Economy

NEWSLINK: German government cancels Verizon contract in wake of U.S. spying row

Germany Map

[“German government cancels Verizon contract in wake of U.S. spying row” – Reuters – 6.26.14] Reuters covers the German governments planned cancellation of its relationship with Verizon, over controversies surrounding U.S. spying in Germany, including on the cellphone conversations of the German Chancellor. The German government has cancelled a contract with U.S. telecoms firm Verizon … as part of an overhaul of its internal communications, prompted

NEWSLINK: U.S. economy collapses in first quarter, but growing again

Calculator, Pen, Ledger

[“U.S. economy collapses in first quarter, but growing again” – Reuters 6.25.14] Reuters reports on a drastic downturn in the U.S. economy in the first quarter of 2014. The news also represents a downward correction of previously-reported data from the Commerce Department. The U.S. economy contracted at a much steeper pace in the first quarter than previously estimated, turning in one of its worst-ever non-recession

TREASURY DEPARTMENT: Announcement Of Additional Treasury Sanctions On Russian Government Officials And Entities

Commonwealth of Independent States, European States, adapted from CIA image through Library of Congress

(Treasury Department press release – 4/28/2014) Sanctions Target Seven Russian Government Officials, Including Members of the Russian Leadership’s Inner Circle, and 17 Entities WASHINGTON – The U.S. Department of the Treasury today designated seven Russian government officials, including two key members of the Russian leadership’s inner circle, and 17 entities pursuant to Executive Order (E.O.) 13661. E.O. 13661 authorizes sanctions on, among others, officials of

VIDEO: Ukraine and the Economy – Ukraine Conflict: What Does it Mean For the U.S.?

gas-flame-400

In this USA Today video, some of the potential economic repercussions of unfolding events in Ukraine are examined. Some relevant factors include Ukraine being a crossroads and energy hub between Russia and Europe, Ukraine’s status as a corn and wheat exporter, Ukrainian national debt, the ripple effects of sanctions between major global economies and the impact on oil and gasoline prices. Ukraine is an important

With Obamacare Floundering, Widen Access to Health Care by Allowing Doctors Tax Deductions on Donated Services

File Photo of Doctors in Surgical Scrubs

While undoubtedly not a favorite idea among government or private sector bureaucrats and paper-pushers generally, if and when Obamacare completely stalls out of the gates, how far could we get, providing medical services to the uninsured — or others — by allowing doctors to eliminate their entire tax burdens by deducting donated services? Positive incentives and grass-roots mobilization, focusing on the doctor-patient relationship, would seem

NEWSLINK: House Releases Continuing Resolution With Sequester Reductions in Place

U.S. Capitol file photo

[House Releases Continuing Resolution With Sequester Reductions in Place - Roll Call - March 4, 2013] Roll Call covers a continuing resolution by House Republicans to address spending cuts while providing greater flexibility for how military spending is adjusted: House appropriators on Monday unveiled a proposed final fiscal 2013 spending package that would effectively cap federal operating expenses at $982 billion, when the cuts already

VIDEO: House Speaker Weekly Briefing: Boehner Addresses Budget and Sequester

U.S. Capitol and Environs at Twilight

House Speaker John Boehner (R-Ohio), on Thursday, February 28, 2013, addressed the federal budget in his weekly briefing.  He did so on the eve of automatic cuts, or sequestration, kicking in on Friday, March 1, 2013. As Boehner points out, the National Debt is now at more than $16 trillion, roughly $52,000 for every person in the United States. The Speaker argues that the federal

U.S. Postal Service Announces New Delivery Schedule; Five Days of Mail Delivery to Street Addresses Begins August 2013

U.S. Postal Service Mail Delivery Two-Ton Truck

The U.S. Postal Service has announced that, beginning in August 2013, regular mail delivery to street addresses will no longer occur on Saturday, while package delivery will still take place.  Saturday delivery will still occur for post office boxes. The Postal Service projects a hoped-for $2 billion in savings from the move, part of a broader set of changes including the slashing of career workforce