Wednesday, June 22, 2011

U.S. Postal Service to Stop Paying Into Pension Fund - Bloomberg

U.S. Postal Service to Stop Paying Into Pension Fund - Bloomberg: "The U.S. Postal Service, facing insolvency without approval to delay a $5.5 billion payment for worker health benefits, will suspend contributions to an employee retirement account to save $800 million this year."

Why the Jobs Situation Is Worse Than It Looks - US News and World Report

Why the Jobs Situation Is Worse Than It Looks - US News and World Report: "The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the year 2000."

NationalJournal.com - CBO Releases Daunting Long-Term Outlook - Wednesday, June 22, 2011

NationalJournal.com - CBO Releases Daunting Long-Term Outlook - Wednesday, June 22, 2011: "Increasing federal debt will be a growing burden on government action, crowding out lawmakers’ ability to adopt tax and spending priorities in good times and reducing flexibility during recessions, all while making a fiscal crisis more likely and hindering long-term growth, the nonpartisan Congressional Budget Office said Wednesday."

Jacob Zuma snubs Michelle Obama during First Lady's South Africa visit - Telegraph

Jacob Zuma snubs Michelle Obama during First Lady's South Africa visit - Telegraph: "South Africa President Jacob Zuma has snubbed the visiting Michelle Obama by sending his prisons minister to meet the first lady at the airport and failing to see her during her three-day stay."

SOURIS RIVER FLOWING INTO SOME MINOT STREETS - MinotDailyNews.com | News, sports, business, jobs - Minot Daily News

SOURIS RIVER FLOWING INTO SOME MINOT STREETS - MinotDailyNews.com | News, sports, business, jobs - Minot Daily News: "It is imminent that the sirens will be sounding in the City of Minot. People should gather their final items that they want to take with them and evacuate the evacuation zones."

Italy breaks ranks over NATO's Libya mission - Yahoo! News

Italy breaks ranks over NATO's Libya mission - Yahoo! News: "ROME (AFP) – Italy called for a suspension of hostilities in Libya on Wednesday in the latest sign of dissent within NATO as the civilian death toll mounts and Moamer Kadhafi shows no signs of quitting power."

Obama Gets 30% of Americans Certain to Support Re-Election in Economy Poll - Bloomberg

Obama Gets 30% of Americans Certain to Support Re-Election in Economy Poll - Bloomberg: "Americans are growing more dissatisfied with President Barack Obama’s handling of the economy and say it will be hard to vote to re-elect him without seeing significant progress over the next year and a half."