The U.S. Navy will likely attempt to shoot down a faulty spy satellite Thursday, the day after the space shuttle Atlantis is scheduled to land. NASA Administrator Michael Griffin said there’s nothing the military can do to make the outcome worse.
“If we miss, nothing changes. If we shoot and barely touch it, the satellite is [...]
Watching that 9% drop in the Chinese stock market and the turbulent day here in the US makes me wonder what we’re all in for.
Foreign investment in the Chinese stock market is extremely limited and its capital exposure relative to the world’s resources is still pretty minor. So why all the fuss?
It’s the little engine [...]
The Democrats will be coming into power in Congress in the next few weeks, and they’ll be gaining new force in legislation; among their new powers will be sway over trade law. While the President and his associates can negotiate trade bills and treaties, it’s the role of Congress to give the OK. With the [...]
The New York Times reports that an unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year.
White House officials are expected to announce that the tax receipts will be about $250 billion above last year’s levels and that the deficit will be about $100 billion [...]
The World Bank says China has overtaken Britain to become the world’s fourth-largest economy. Based on gross domestic product converted into US dollars at current exchange rates it actually overtook the UK some time ago, but now it has done so on a calculation which smoothes out exchange rate fluctuations using a three-year average.The top [...]
