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Budget

‘Welcome to Aerospace’: NASA lacks funds for deep-space rocket
Budget shortfalls rather than technical challenges may prevent NASA from launching its new $12 billion deep-space rocket by the end of 2017 as planned, federal auditors said.

24.07.2014 12:22

Chinese whisper in American neighborhood
After the major headline hogging BRICS summit, the next news event that has been watched closely is the Chinese President Xi Jinping’s visit to Latin America.

23.07.2014 10:15

Russia to introduce new ‘solidarity’ tax on rich
State Duma deputies want to levy an additional tax on people with high personal incomes in order to finance the development of the new federation areas of Sevastopol and Crimea.

22.07.2014 07:31

For Europe’s youth it’s just downward from here
Since the collapse of Lehman Brothers and the financial system we have witnessed youth protests and riots from Athens to London. The message is the same: There is no hope! There is no future!

17.07.2014 11:29

US Federal Debt to reach 106% of GDP by 2039
America’s public debt will rise to 106 percent of GDP in the next 25 years, a level seen just once in US history - just after World War II, the US Congressional Budget Office (CBO) warned.

16.07.2014 09:27

​US may end controversial five-year ‘easy money’ program in October
The US Federal Reserve said it could end the controversial five-year-old ‘quantitative easing’ program that has pumped about $4 trillion into the US economy as early as October, if there are no signs the economy is still in trouble.

10.07.2014 05:54

Missed opportunity: Germany’s minimum wage won’t tackle growing inequality
​Last week, the German federal parliament voted for a minimum wage, and it attracted a lot of criticism.

09.07.2014 10:28

‘America using the dollar as a weapon’
The US mixes trade with politics using the dollar as a weapon in sanctions against Iran and Russia, trying to restrict these nations’ access to the US dollar, which creates mass imbalances, Chairman of the Bruges Group think tank, Robert Oulds, told RT.

08.07.2014 10:07

​Germany's failed attempts to get its gold back from the US 'opens question of its sovereignty'
There is neither real criticism from German politicians, nor any visible efforts to return German gold held in the US, so it seems that US controls Germany, economic analyst Michael Mross told RT.

07.07.2014 12:49

UK wrongly believes rich pay more tax – report
The wealthiest 10 percent in the UK pay a smaller proportion of their income tax than the poorest 10 percent, meaning that in general, the UK vastly overestimates the tax burden on the rich.

16.06.2014 11:33

'Public has no idea how NATO spends money': Dutch auditors call for more transparency
Dutch auditors claim NATO member states - which contribute to the organization’s budget from a combined $1 trillion in defense spending - are largely unaware of how these funds are being spent, as most of the alliance’s expenditures remain classified.

11.06.2014 07:39

'Death of money': Author Rickards predicts collapse of global monetary system
The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China's desire to rid the US dollar of its global reserve currency status is an early sign of the “increasingly inevitable” crisis.

28.05.2014 19:23

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