BEIJING (Reuters) – China will stick to a prudent monetary policy next year and keep consumer prices stable, its outgoing central bank governor, Zhou Xiaochuan, said on Monday, in fresh sign that Beijing won’t be changing direction when the new government takes over in 2013.Reiterating China’s long-stated vow to reduce the level of central planning in its economy and make room for more market forces,...
Experts Forecast the Cost of Failure to Compromise
Label: WorldEven if President Obama and Republicans in Congress can reach a last-minute compromise that averts some tax increases before Monday’s midnight deadline, experts still foresee a significant drag on the economy in the first half of 2013 from the fiscal impasse in Washington.While negotiators in the capital focus on keeping Bush-era tax rates in place for all but the wealthiest Americans, other tax increases...
Wall Street opens lower without "cliff" solution
Label: WorldNEW YORK (Reuters) - Stocks opened lower on Monday, the last trading day of the year, as political leaders in Washington worked to find agreement that would keep the United States from falling off the "fiscal cliff." The Dow Jones industrial average <.dji> was down 51.99 points, or 0.40 percent, at 12,886.12. The Standard & Poor's 500 Index <.spx> was down 4.09 points,...
AP Source: Browns fire coach, GM
Label: TechnologyBEREA, Ohio (AP) — The Browns are changing again.A person familiar with the decision says the Cleveland Browns have fired coach Pat Shurmur and general manager Tom Heckert.Shurmur and Heckert were informed Monday at the team's facility, said the person who spoke on condition of anonymity because the team has not yet announced the moves. The expected dismissals come one day after the Browns lost their...
Dec
30
Stories for 2013: Syria to 'post-Gangnam'
Label: LifestyleAmong the few virtual certainties of 2013 is the ongoing anguish of Syria and the decline of its president, Bashar al-Assad.STORY HIGHLIGHTSLook for more unrest amid power transitions in the Middle EastDisputes and economic worries will keep China, Japan, North Korea in the newsEurope's economy will stay on a rough road, but the outlook for it is brighterEvents are likely to draw attention to cyber...
Hot spots draw believers, but not doomsday
Label: HealthAs the sun rose from time zone to time zone across the world on Friday, there was still no sign of the world’s end — but that didn’t stop those convinced that a 5,125-year Mayan calendar predicts the apocalypse from gathering at some of the world’s purported survival hot spots.Many of the esoterically inclined expected a new age of consciousness — others wanted a party. But, in some places said to...
Crucial day for US budget talks
Label: Business30 December 2012 Last updated at 08:03 ETPlease turn on JavaScript. Media requires JavaScript to play. US President Barack Obama: “Agreement is being discussed as we speak”US politicians are facing a crucial day of talks aimed at preventing the economy falling over a “fiscal cliff”.Congress must reach a deal by the end of the year to avert steep spending cuts and tax rises due to take effect.President...
Egypt says to resume talks with IMF in January
Label: WorldCAIRO (AP) — Egypt’s prime minister said Sunday his country will resume talks in January with the International Monetary Fund, after Cairo suspended its request for a $ 4.8 billion loan during this month’s political turmoil over the now-adopted constitution.Hesham Kandil didn’t specify when the talks will resume. But he stressed that the loan is important to Egypt’s efforts to regain investor confidence...
Obama says failure to reach fiscal deal would hurt markets
Label: WorldWASHINGTON (Reuters) - Financial markets would be affected adversely if U.S. lawmakers fail to agree on a "fiscal cliff" deal before Tuesday, President Barack Obama said in an interview broadcast on Sunday, while urging Congress to act quickly to extend tax cuts for middle-class Americans. Lawmakers are seeking a last-minute deal that would set aside $600 billion in tax increases and...
Michigan State edges TCU 17-16 in BWW Bowl
Label: TechnologyTEMPE, Ariz. (AP) — Michigan State labored on offense throughout the first half, unable to get anything going on the ground, in the air, anywhere.For a team that had lost five games by a combined 13 points during the regular season, it was starting to feel familiar.The Spartans changed their luck by turning to brutally effective running back Le'Veon Bell in the second half, setting up Dan Conroy for...
Subscribe to:
Posts (Atom)
Copyright © artofspadez. All rights reserved.
Design 