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Facing Deficit, Britain Unveils Emergency Budget (Jun-22, 09:37 EDT )-- The new budget combines spending cuts and tax increases in Britain’s deepest fiscal retrenchment since the early years of Margaret Thatcher’s rule.
Geithner Says Bailout Money Is Being Repaid (Jun-22, 09:37 EDT )-- The Treasury secretary said taxpayers were recovering their investment from the financial bailouts as the program is wound down.
Stocks Give Up Gains on Housing Report (Jun-22, 09:18 EDT )-- Wall Street reacted to an unexpected drop in home sales, while European stocks and the euro fell as the ratings of a major European bank were cut.
Existing Home Sales Down 2.2 Percent In May (Jun-22, 09:08 EDT )-- Sales of previously occupied homes dipped 2.2 percent in May, suggesting that a boost from government home-buying incentives is winding down earlier than expected. Economists had expected sales to rise.
Study Affirms Consensus on Climate Change (Jun-22, 09:00 EDT )-- A new paper finds an overwhelming consensus about climate change among scientists actively working in the field.
The Health of the Cities (Jun-22, 08:57 EDT )-- Urban public-health problems are too complex to tackle without government involvement, an economist writes.
Find an Angel Investor Before You Need One (Jun-22, 08:53 EDT )-- And other tips for raising money.
White House Budget Director Orszag To Resign (Jun-22, 08:00 EDT )-- Peter Orszag is reportedly planning to step down next month, a move that would make him the first member of President Obama's Cabinet to resign. Orszag's 1 1/2-year tenure is typical for a White House budget director.
China Sends Mixed Signals on Currency (Jun-22, 06:17 EDT )-- Investors believe that Beijing is trying to warn markets that the renminbi can rise, as well as fall.
As Law Takes Effect, Obama Gives Insurers a Warning (Jun-22, 05:50 EDT )-- The president plans to warn executives on Tuesday against raising rates steeply in anticipation of tighter regulations under the new health care law.
BP Chief's Stand-In Heckled At London Oil Meeting (Jun-22, 04:37 EDT )-- BP executive Steve Westwell was harangued by protesters during a major oil conference at which the CEO of Transocean, which owns the broken Deepwater Horizon rig spewing oil into the Gulf of Mexico, criticized President Obama's six-month ban on...
Post Crisis: Spotlight Is On Home Ownership Systems (Jun-22, 03:00 EDT )-- Home ownership and mortgages were at the core of the recent financial crisis. Now that the housing market seems to be stabilizing, David Wessel of The Wall Street Journal talks to Steve Inskeep about the need to change the current system for...
New Rules Take Effect For Tobacco Industry (Jun-22, 03:00 EDT )-- New rules are in place a year after Congress gave the Food and Drug Administration authority over tobacco. Most of the rules are aimed at keeping tobacco products out of the hands of young people. For example, it's now against the law anywhere in the...
Existing Home Sales Expected To Rise (Jun-22, 03:00 EDT )-- Economists expect that a report out from the National Association of Realtors on Tuesday will show that sales of existing homes rose about 6 percent in May. That would be a nice jump -- though government tax credits are still helping sales. Home...
California Considers Electronic License Plates (Jun-22, 03:00 EDT )-- The legislature in California is considering a bill that would allow that state to begin researching using electronic license plates for cars. When a car is moving, the digital tags would look like regular plates. When a car stops for more than four...
Supreme Court Lifts Ban On Biotech Alfalfa (Jun-22, 03:00 EDT )-- The U.S. Supreme Court has struck down an injunction that stopped farmers from planting genetically modified alfalfa seed. Alfalfa is a major animal feed crop. Some farmers worry that patented genetically modified plants will cross pollinate with...
Budget Chief Orszag To Leave Administration (Jun-22, 03:00 EDT )-- Peter Orszag, the Obama Administration's budget director, is expected to announce he'll step down from the post in the next few weeks. Orszag would be the first senior member of Obama's economic team to step down.
Britons: Obama Is Unnecessarily Hostile To BP (Jun-22, 03:00 EDT )-- A new poll finds that both Americans and Britons consider the oil spill in the Gulf of Mexico to be BP's fault. Still, many Britons feel personally insulted by American complaints about the company, with its strong British identity and influence on the...
Why Dawn Is The Bird Cleaner Of Choice In Oil Spills (Jun-22, 02:27 EDT )-- Whether it's a sea turtle, a brown pelican or human skin, if it's coated with oil, the product being used to clean it is likely to be Dawn dishwashing liquid. Ironically, petroleum is a key ingredient in the detergent.
Poll Finds Deep Concern About Energy and Economy (Jun-22, 01:30 EDT )-- Respondents to a New York Times/CBS News poll said President Obama did not have a clear jobs plan and were impatient with his response to the oil spill.
Concern Over Foreign Trials for Drugs Sold in U.S. (Jun-22, 00:19 EDT )-- Eighty percent of drugs approved for sale in 2008 had trials that took place in foreign countries, a report says.
Faster Claims Payment Needed, Feinberg Says (Jun-22, 00:02 EDT )-- Kenneth R. Feinberg, the newly appointed director of the fund set up to help victims in the gulf region, said that he would work to make payouts faster.
Forget Hybrids. Make Your Own DIY Electric Car (Jun-21, 23:01 EDT )-- With hybrid cars multiplying and all-electric vehicles on the way, a California auto shop says: Do it yourself. Mike Brown's been teaching people how to convert gas guzzlers into electric rides for 30 years.
Vacationers Rethink Greece Amid Debt Crisis (Jun-21, 23:00 EDT )-- One of Greece's best hopes for dragging itself out of debt is the tourism industry, which employs about one-fifth of the Greek workforce. But media coverage of the Greek economic meltdown and the sometimes violent anti-austerity protests are...
Democrats' Campaign Finance Bill Faces Hurdles (Jun-21, 23:00 EDT )-- House Democrats this week will take another run at passing a campaign finance bill that would lay down extensive new requirements for disclosing campaign money from corporations, unions and wealthy individuals.
Toll Of Oil Drilling Felt In Peru's Amazon Basin (Jun-21, 23:00 EDT )-- Thousands of miles from the Gulf of Mexico spill, the indigenous people of Peru have been living with oil exploration and its effects for decades. Villagers in the Amazon basin complain of health problems and forest clear-cutting. But the government...
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