Posted in: Business by Lucian Brasoveanu | July 13th 2011 | no comments
Wednesday, the Irish government announced that because Moody’s gave Ireland the junk status, it will be much more difficult for the country to return in 2012 the funds it has already received “through debt markets” and to generate economic growth despite the [...]
Posted in: Business by Lucian Brasoveanu | July 13th 2011 | no comments
China’s economy managed to keep up the pace in the second quarter of 2011, although the growth was slightly slower than during the previous quarters. This is mostly due to the challenges that Beijing has to face these days considering the world’s economy.
According to the numbers [...]
Posted in: U.S. News by Lucian Brasoveanu | July 13th 2011 | no comments
Ending the congressional election within the South Bay area, Democrat Janice Hahn was victorious over Republican Craig Huey yesterday. The votes were pretty close. After the count was made, it shown 54.6% for Hahn compared to 45.4% for Huey.
Hahn takes the place of former Republican [...]
Posted in: U.S. News by Lucian Brasoveanu | July 13th 2011 | 3 comments
In Washington budget discussions between the president and the GOP rivals got to a tension filled standstill. This lead to a proposal made by a top Republican, which stated that the president temporarily receive more power to allow a debt limit increase without receiving the approval of [...]
Posted in: U.S. News by Lucian Brasoveanu | July 13th 2011 | no comments
Only a month ago, all the Republicans who gathered in New Hampshire for a debate had only nice things to say about each other. Former Massauchssets governor Mitt Romney stated that any of the present people would serve as a better president than Barrack [...]
Posted in: U.S. News by Lucian Brasoveanu | July 13th 2011 | no comments
Yesterday, the Phoenix federal appeals court sustained their decision against giving Jared Loughner forced medication, and ordered the defense attorneys and the prosecution to get ready for the next hearing that will take place at the end of August.
In the middle are a pair of [...]
Posted in: U.S. News by Lucian Brasoveanu | July 12th 2011 | no comments
After Monday’s short and violent windstorm, Tuesday morning more than 350,000 people remained without power in the Chicago area.
The utility spokeswoman, Arlana Johnson said that the number of people left without power is the highest recorded in the last 13 years by [...]
Posted in: Lifestyle by Lucian Brasoveanu | July 12th 2011 | no comments
For those who love Arnold Schwarzenegger as an actor I have good news: he is coming back and he’s not short of projects.
The movie that will be filmed in the near future is the first one for Arnold Schwarzenegger after he had to face a scandal related to a love child he [...]
Posted in: U.S. News by Lucian Brasoveanu | July 12th 2011 | no comments
Today, Michelle Obama and other three former first ladies went to California to pay their respects to former first lady, Betty Ford.
The funeral of Betty Ford was focused on the former first lady’s passion: her famous Betty Ford Center founded for alcohol treatment and substance [...]
Posted in: Lifestyle by Lucian Brasoveanu | July 12th 2011 | no comments
Monday evening, the Grammy-nominated singer, Jewel and her husband Ty Murray welcomed their first child, a baby boy.
The baby boy’s name is Kase Townes Murray and weighs 7 lbs., 6 oz. The couple’s child was born at seven p.m. CST in Texas. Both parents were very excited to [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
Cisco Systems Inc. is the largest company specialized in producing networking equipment and it’s apparently planning to reduce the number of jobs by 10,000. That means 14 percent of its employees will be laid off.
The measure is meant to improve the company’s profit [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
Soon, the only subcompact car manufactured in the USA will roll out of an assembly unit located in Detroit which is as unexpected as the vehicle itself.
The space occupied by the production line is half of the space used by a traditional plant. To streamline the activity all the [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
Because of the higher oil prices that have affected imports and exports, the trade deficit of the US has reached in May a value which is the highest since October 2008.
The deficit has in fact increased by 15 percent. In April 2011 its value was of $43.6 billion and [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
Rumors say that the chief patent counsel of Apple Inc. is planning to terminate his contract with Apple in the near future. The timing is going to affect Google, because the company is currently in the middle of a large number of legal battles, according to reliable [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
For the first time in seven days, the price of gold dropped following the other drops of the most important commodities, including oil, due to Europe’s debt crisis.
This European debt crisis helped the dollar achieve a higher price which determined a damping demand for raw [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
Amazon is the biggest supporter of a referendum because it’s against California’s new sales tax law which is going to affect its sales.
The current economic situation has determined many American states to try and find new sources of income. The solution was to collect [...]
Posted in: Business by Lucian Brasoveanu | July 12th 2011 | no comments
The European Union is now going back to previous plans meant to help Greece keep its debt under control. By doing so, Europe’s finance chiefs are feeding their dispute with the central bankers, but the upcoming Italian crisis is leaving them no other choice.
As bonds create [...]
Posted in: U.S. News by Lucian Brasoveanu | July 12th 2011 | no comments
The largest US aluminum producer, Alcoa Inc. recorded in the second-quarter a doubled profit after the prices for the lightweight metal increased overcoming the raw-material costs.
The company’s net income increased to 28 cents per share from only 13 cents per share recorded [...]
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