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News & Updates
February 14, 2012 FDA seeks food-safety funds after Colorado cantaloupe listeria outbreakSource: Denver Post
The U.S. Food and Drug Administration wants a $220 million boost to its food-safety budget next year, citing a listeria outbreak from Colorado cantaloupe as primary proof the system needs work. The agency's request, highlighted...
February 14, 2012 Ala., Fla. take water fight with Ga. to high courtSource: Miami Herald
CARROLLTON, Ga. -- Alabama and Florida asked the U.S. Supreme Court on Monday to decide a long-running feud with Georgia over how much water metro Atlanta can take from a reservoir that provides local drinking water for the...
February 14, 2012 Paul Volcker to George Osborne: my rule won't hit the UK gilt marketSource: Telegraph.co.uk
Former Federal Reserve chairman Paul Volcker insisted on Monday night that a rule named after him banning US banks from proprietary trading does not pose a threat to the UK government bond market.
February 14, 2012 Mortgage deal to provide FHA with $1 billion in cashSource: Reuters
The Federal Housing Administration will receive about $1 billion from the Obama administration's mortgage settlement with the country's largest banks, officials said on Monday, which could help it avoid tapping a U.S. Treasury...
February 14, 2012 Bear Stearns Ex-Managers to Pay $1 Million to Settle Fraud CaseSource: NY Times
Two former Bear Stearns hedge fund managers have agreed to pay about $1 million to settle a civil lawsuit brought by the Securities and Exchange Commission, avoiding a second trial over whether they defrauded investors.
February 14, 2012 Obama budget sets up election-year tax fightSource: Reuters
President Barack Obama called on Monday for new spending to boost growth and higher taxes on the rich, laying out an election-year vision for America in a budget that drew heavy fire from Republicans for failing to curb huge...
February 14, 2012 Republicans Say President’s Proposed Savings Look Bigger Than They AreSource: NY Times
WASHINGTON — Republicans in and out of Washington savaged President Obama’s proposed budget for the 2013 fiscal year as a broken promise on deficit reduction made worse by a series of gimmicks that overstate what budget savings...
Source: National Public Radio
Voters are hearing a lot about health care this year. Republicans want to make the 2012 elections a referendum on the health care law that President Obama signed two years ago. That law was largely based on one that then-governor...
February 13, 2012 Greek MPs pass austerity plan amid violent protestsSource: BBC News
Greece's parliament has passed a controversial package of austerity measures, demanded by the eurozone and IMF in return for a 130bn-euro ($170bn; £110bn) bailout to avoid default.
February 13, 2012 China's CIC brushes aside Merkel investment pleaSource: Reuters
The head of China's $410 billion sovereign wealth fund CIC brushed aside a call by German Chancellor Angela Merkel to buy European government debt, saying such investments were "difficult" for long-term investors.
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