August 2nd Deadline for Debt Ceiling Fast Approaching
As the August 2nd deadline approaches, Congress may risk default it if is unable to raise the debt ceiling by then. The U.S. Treasury may…
Monthly Archives: May 2011
Rumors of Plans to Sell Niagra Mohawk Power Not True, According to National Grid
National Grid denies rumors that it would sell its Niagara Mohawk Power for the amount of at least 1 billion British Pounds. Niagara Mohawk Power…
Florida and Texas Governors Determined to Fight for Top Job Growth Rankings
Florida Governor Rick Scott is determined to claim the top spot in Chief Executive magazine's rankings for job growth and business development. Scott's bold claims…
Two Banks in Georgia and Washington Shut Down by U.S.
Small banks, usually operating with less than 1 billion dollars in assets, continue to close across America as they are unable to recover from the…
Deep Water Oil Drilling Will Continue, Says Shell CEO
The CEO of Royal Dutch Shell, Peter Voser, was recently quoted by a Swiss newspaper as saying that he believes that in the near future,…
Due to Hurricane Katrina and Rita, FEMA is $18 Billion in Debt
The Federal Emergency Management Agency (FEMA) program, nearly 18 billion dollars in debt already, will struggle this year as it attempts to pay out for…
Recovery takes a Time Out
Despite recent strong signs of a recovering economy, new reports on global manufacturing and national debt suggest otherwise. The United States is expecting declining demand…
3rd Death at Foxconn Facility Caused by Dust
Foxconn, Apple's main contract manufacturer, has confirmed this Sunday, that there is now a third confirmed death in addition to two other fatalities and fifteen…
Strike of Supplier Could Disrupt Hyundai and Kia Production
On Sunday, Hyundai and Kia Motors announced that a labor strike at one of their suppliers may disrupt their production. The supplier, Yoosung Enterprise, provides…
U.S. Miners See an Increase in Black Lung Disease
A new report shows that black lung disease, a leading cause of illness among coal miners, is starting to rise again in the face of…