Posts Tagged ‘ spending ’

Vietnam New Year shoppers defying central bank spurs inflation 

January 25, 2012
Vietnam New Year shoppers defying central bank spurs inflation 

  Consumer demand for holiday goods and transportation will grow 10 percent from last year, according to a government forecast that urged authorities to monitor and stabilize prices. Asia’s fastest inflation is the last thing on Tran Hang’s mind as she jostles fellow shoppers at a street stall in Hanoi’s Old Quarter to snap up [...]

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Money isn’t everything 

January 15, 2012
Money isn’t everything 

  Do Ngoc Tuan (R), 42, of Long An Province’s Ben Luc Town won more than US$300,000 after buying unsold tickets from vendor Pham Thi Lanh (L) Tuan’s equanimity in the face of such a change in his fortunes has made the news as much as the winning itself. Just as impressive is the story [...]

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Christmas belt-tightening in crisis-hit Europe 

December 18, 2011
Christmas belt-tightening in crisis-hit Europe 

  A Salvation Army band performs for shoppers in London on the final Saturday before Christmas on what is traditionally one of the busiest retail days. Europeans are tightening their belts and spending less on Christmas gifts this year as they struggle with incomes hit by austerity measures or fear the economy could worsen in [...]

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Supercommittee fails to identify even bogus cuts 

November 24, 2011
Supercommittee fails to identify even bogus cuts 

The supercommittee's failure will trigger automatic cuts in the defence budget and domestic spending. Photograph: J Scott Applewhite/AP It took a fictional jury of “12 Angry Men” 96 minutes to agree on a verdict of not guilty. It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours [...]

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Stop chasing GDP targets, economists say 

November 15, 2011
Stop chasing GDP targets, economists say 

    Several economists are saying the government should not commit itself to any gross domestic product target, adding economic growth cannot be a forced process. Vietnam should just follow other countries and release regular economic forecasts instead, they suggest. Vu Quang Viet, who has worked with the United Nations Statistical Division, said GDP growth [...]

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Lawmakers worried about Vietnam’s public debt 

November 5, 2011
Lawmakers worried about Vietnam’s public debt 

  Vietnam’s public debt will probably be higher than estimated, as the Ministry of Finance has missed including in its calculations several kinds of debt related to the government, lawmakers said at the National Assembly’s meeting on Friday. According to the National Assembly’s Finance and Budget Committee, their review showed that the country’s public debt will [...]

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Democrats push tax hikes first in deficit talks 

October 1, 2011
Democrats push tax hikes first in deficit talks 

The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks. Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by [...]

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Obama calls for end to 'political circus' over jobs 

September 9, 2011
Obama calls for end to 'political circus' over jobs 

US President Barack Obama Thursday challenged Republicans to halt a "political circus" and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the "stalled" economy. Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a $447 billion jobs plan to [...]

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US rushes to avert disastrous default 

July 25, 2011
US rushes to avert disastrous default 

A street sign is seen in front of the New York Stock Exchange. The White House and top lawmakers scrambled on Monday to reach a deal to save the world’s richest country from a disastrous default on its debt, amid fears that inaction could affect markets around the globe. With global financial markets on edge, [...]

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Top senator warns US reaching ‘brink of default’ 

July 24, 2011
Top senator warns US reaching ‘brink of default’ 

US President Barack Obama (R) meets with the US Speaker of the House John Boehner in the Cabinet Room at the White House in Washington, DC. President Barack Obama and top US lawmakers searched for an elusive deal Sunday necessary to avert an unprecedented debt default by the United States that economists warn could have [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...