Wednesday, August 26, 2009 The United States Office of Management and Budget (OMB) is predicting that the national debt of the US will double in 10 years. Meanwhile, the Congressional Budget Office (CBO) has raised its forecast of the 10-year cumulative budget deficit to US$7.137 trillion, due to increased spending. Both offices released reports on Tuesday. “Over all, it underscores […]
Sea lion walks from beach into Pantai Inn in California
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Australian government announces $52.5 million financial assistance package for Ford
Friday, May 5, 2006 Australian Prime Minister John Howard and federal industry minister Ian MacDonald today announced that the federal government would be providing Ford Australia with a AU$52.5 million (US$40.4 million) “financial assistance package”. Additional assistance will also be provided by the Victorian state government. According to Mr Howard, the injection will secure Ford’s manufacturing operations in Australia “for […]
Russian territory expands by 4.5 square kilometres after seismic activity
Saturday, November 14, 2009 According to scientists, the land territory of Russia has expanded by about 4.5 square kilometres within the last few years in the Far East due to seismic and volcanic activity. The gained land was recorded in the Sakhalin Peninsula. Boris Levin, head of the Institute for Sea Geology and Geophysics of the Russian Academy of Sciences, […]
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Thousands of trapped miners rescued in South Africa
Thursday, October 4, 2007 As many as 3,200 mine workers became trapped in the in Elandsrand mine, a gold mine in South Africa about 50 miles (80 km) west of Johannesburg in Carletonville, Gauteng, after an incident on October 3. All miners have been rescued, and none of them were injured. The mine is owned by Harmony Gold Mining Corporation. […]
Schools benefit from new California budget
Saturday, July 1, 2006 California Gov. Arnold Schwarzenegger signed a bipartisan state budget Friday that invests a record $55.1 billion in education – an increase of $3.1 billion this year and $8.3 billion over the last two years – and allocates $4.9 billion to create a budget reserve and to pay down the state’s debt early. Schwarzenegger credited bipartisan cooperation […]
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Bolivia’s new president-elect brands Bush ‘the only terrorist’
Friday, December 30, 2005 Bolivia’s new president-elect Evo Morales has branded George W. Bush a “terrorist”, and has referred to Condoleezza Rice as “Mrs Condolences” in an exclusive interview for Qatar’s News Channel Al-Jazeera. Before departing for an official visit to Cuba, Morales denounced what he calls a “dirty war” undertaken by Bush against him and said that “Bush was […]