India begins providing river outflow data to PakLAHORE - As part of an annual practice, India has started providing Pakistan with data on the outflow of the Ravi, Sutlej, Beas and Chenab rivers from today. Calif. Senate fails to break budget deadlock as fiscal year ends; state prepares for IOUsSACRAMENTO — The California Senate has shut down for the night after failing to approve a stopgap plan to stave off the need for IOUs and ease the state’s $24.3 billion budget deficit. Waiting in anger for monsoon: Drought in Manipur, protests in Delhi (Roundup)NEW DELHI/CHANDIGARH/IMPHAL - It has been a wait in anger and desperation for the monsoon in scorched north India as Delhi saw protests over power cuts and water shortage, while even Manipur in the northeast officially declared itself drought hit after the failure of rains. But the weatherman has good news - the long-delayed rains have hit central India and are heading north soon. Calif. lawmakers remain deadlocked over solving budget crisis; IOUs expected next weekSACRAMENTO, Calif. — California lawmakers remain at an impasse over solving the state’s $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs. Rains hit Mumbai with full force - flights, trains delayedMUMBAI - The rains finally kept their long delayed date with Mumbai Friday as they lashed the city and surroundings in full force, bringing welcome relief from the scorching heat. As fiscal crisis looms, Calif lawmakers fail on first legislative vote to close $24B deficitSACRAMENTO, Calif. — A Democratic plan to begin closing California’s $24 billion budget deficit failed Wednesday, as legislative leaders planned to work through the weekend to avoid a cash crisis when the new fiscal year starts next week. IMF: Ireland’s economy suffering unprecedented fall, worst recession in developed worldDUBLIN — Ireland faces the worst recession in the developed world and a particularly long struggle to bail out its property-crippled banks, the International Monetary Fund forecast Wednesday. Calif. Legislature to vote on Democratic budget plan, even as governor warns he won’t sign itSACRAMENTO, Calif. — Lawmakers scheduled a Wednesday vote on a Democratic proposal to close part of California’s $24.3 billion budget deficit, but the plan appears doomed to fail. Obama talks tougher on Iran, says US ‘appalled and outraged’ at violenceWASHINGTON — Dramatically hardening the U.S. reaction to Iran’s disputed elections and bloody aftermath, President Barack Obama condemned the violence against protesters Tuesday and lent his strongest support yet to their accusations the hardline victory was a fraud. Drug companies would pay for some Medicare prescriptions under $80 billion dealWASHINGTON — The pharmaceutical industry agreed Saturday to spend $80 billion over the next decade improving drug benefits for seniors on Medicare and defraying the cost of President Barack Obama’s health care legislation, capping secretive negotiations involving key lawmakers and the White House. Congress passes restrictions on detainees, refuses to fund Guantanamo closingWASHINGTON — Legislation to pay for the wars in Iraq and Afghanistan this year is on its way to President Barack Obama, but it provides no money for closing the Guantanamo detainee prison and sets tough restrictions on the transfer of its inmates. Analysis: Obama’s popularity may be threatened by federal deficit now approaching $2 trillionWASHINGTON — The solid armor of President Barack Obama’s popularity may have a crack — a nearly $2 trillion-sized one. Editorial Roundup: Excerpts From Recent Editorials in Newspapers in the US and Abroad.Excerpts from recent editorials in newspapers in the United States and abroad: Consumer prices rise less than expected in May, slow economy keeps inflation in checkWASHINGTON — Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check. Current account trade deficit plunges to lowest level since 2001 as imports drop sharplyWASHINGTON — The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country’s deep recession depressed imports of oil and other goods. Stocks point mostly lower ahead of reports on inflation, trade; Fedex forecast disappointsNEW YORK — Investors are finding more reason for caution as questions linger over how quickly the economy can bounce back. Stocks signal flat open ahead of reports on inflation, trade; Traders eye financial regulationNEW YORK — Investors are finding more reason for caution as questions linger over how quickly the economy can bounce back. Legislation to provide $106 billion for wars, other causes, passes HouseWASHINGTON — War-funding legislation survived a fierce partisan battle in the House on Tuesday, a major step in providing commanders in Iraq and Afghanistan the money they would need for military operations in the coming months. Legislation to provide $106 billion for wars, other causes, heads for close House voteWASHINGTON — Democratic leaders searched for votes Tuesday as the House took up a $106 billion bill to fund wars in Iraq and Afghanistan. Large banks see slow recovery from recession’s end in late summer, unemployment to stay highWASHINGTON — The nation’s largest banks expect the economy to recover from its deep slump by late summer but remain weak until next year. Interest rates drop at weekly Treasury auction; 6-month bills fall to lowest level this yearWASHINGTON — Interest rates on six-month Treasury bills have fallen to the lowest level this year, but economists are more worried about recent rise in long-term rates because it could threaten a rebound in the housing market. FDA tells parents to keep children on ADHD drugs, despite new evidence of sudden death risksWASHINGTON — Federal health regulators are urging parents to keep their children on attention deficit drugs like Ritalin and Adderall, despite new evidence from a government-backed study that the stimulants can increase the risk of sudden death. Hospitals, others, oppose Obama’s plan to reduce Medicare and Medicaid spendingWASHINGTON — President Barack Obama said Saturday he wants to help pay for his health care overhaul by slowing Medicare and Medicaid spending, but hospitals, medical technicians and others are resisting. Connecticut Science Center opens _ but not before cutbacks _ in effort to revitalize HartfordHARTFORD, Conn. — The doors opened Friday at the sparkling nine-story, $165 million Connecticut Science Center, a dramatic addition to the riverfront and the latest project aiming to breathe life into the capital city. Obama counters critics on health care plans, says inaction on overhaul is not acceptableGREEN BAY, Wis. — President Barack Obama challenged Republican critics Thursday to offer alternative plans for overhauling U.S. health care, declaring he’s “happy to steal people’s ideas” but that doing nothing about out-of-reach costs and uninsured Americans is not an option. Pakistan’s economy grew just two percent in 2008-09ISLAMABAD - Pakistan’s economy grew by a mere two percent in fiscal 2008-09 ending June 30 against 4.1 percent in the previous year, says the pre-budget economic survey. Obama’s plan to increase taxes on multinationals takes a hit with new estimate by CongressWASHINGTON — President Barack Obama’s efforts to increase taxes on multinational corporations took a hit Thursday when a new congressional estimate showed his plan would raise only three-fourths of the money the administration projected. Obama challenges Republican critics to put forward their own plan on health care reformGREEN BAY, Wis. — Undertaking a new and aggressive push to enact health reform this year, President Barack Obama bluntly challenged Republican critics on Thursday to put forward their own plan to expand coverage to the uninsured and help struggling families afford care. “To those who criticize our efforts, I ask them, ‘What’s the alternative?’” Obama said at a town hall-style meeting, surrounded by supportive citizens in the heartland. Congressional negotiators agree to a deal that allows Guantanamo detainees to face trial in USWASHINGTON — President Barack Obama would be allowed for the next four months to order Guantanamo Bay detainees into the United States to face trial under a compromise reached Thursday by House and Senate negotiators struggling with a war-funding bill. Obama, facing challenge to health overhaul, calls on Congress to move quickly on complex issueGREEN BAY, Wis. — Undertaking a new and aggressive push to enact health reform this year, President Barack Obama bluntly challenged Republican critics on Thursday to put forward their own plan to expand coverage to the uninsured and help struggling families afford care. |
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