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Government Spending

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

UK collects extra £1bn in taxes from wealthy since 2009
​The United Kingdom’s tax authority, Her Majesty’s Revenue & Customs (HMRC), has collected £1 billion in extra taxes since 2009 after stepping up going after tax avoidance, evasion, and fraud.

18.07.2014 10:24

‘Chronic’ underinvestment outside London costs the UK billions annually
The UK loses billions of pounds each year as a result of "chronic" underinvestment outside London, newly published research reveals. Failing nationwide infrastructural overhaul, Britain will reportedly face an annual loss of £90 billion by 2026.

16.07.2014 11:19

Air travel prices in US to climb as TSA fees increase
Air travel in the US is set to become more expensive beginning next week – but airline profits and jet fuel costs aren't to blame this time. Instead, the price hike will come as a result of a TSA fee increase.

14.07.2014 22:55

Central American radio stations are playing anti-immigration songs paid for by the US government
The commissioner of the United States Customs and Border Protection says his agency’s new million-dollar multimedia campaign has “a very clear, simple and direct message.” The way that message is being conveyed, however, isn’t as transparent.

14.07.2014 14:38

Grounded future: Pentagon still bets on plagued F-35s
​Notwithstanding the ongoing and costly setbacks occurring as recently as earlier this month, United States Secretary of Defense Chuck Hagel stood by the Pentagon’s F-35 fighter jet program this week during a visit Thursday with pilots.

11.07.2014 14:23

​Russia surpasses US gold production for first time in 25 years
Russia has produced more gold than the United States for the first time in 25 years. It’s now the world’s third biggest producer after China and Australia, Minister of Natural Resources and Environment of Russia Sergey Donskoy said.

10.07.2014 14:03

Faith leaders lobby for religious exemption from LGBT anti-discrimination exec order
In the wake of the Supreme Court’s Hobby Lobby ruling, a group of faith leaders is seeking a religious exemption to President Obama’s planned executive order barring federal contractors from discriminating against employees based on sexual preference.

03.07.2014 23:51

Visa and MasterCard no longer have right to block Russian cards
A new Russian law starting July 1 means Visa and MasterCard can no longer block Russian clients. It is part of legislation for a national payment system, and ensures electronic payments and protects Russians from being blocked after an incident in April.

01.07.2014 07:26

Pentagon orders 500 new state-of-the-art spy glasses
The Pentagon has reportedly placed an order for 500 high-tech wearables that will give Google Glass a run for its money.

26.06.2014 21:06

Argentina sounds alarm, says close to 'technical default'
Argentina’s economy is on a collision course, and is headed for default following a US Supreme Court ruling that could send creditors demanding bond payments, Economic Minister Axel Kicillof warned UN diplomats.

26.06.2014 14:08

China plans investment bank to break World Bank dominance
China is moving forward with a plan to create its own version of the World Bank, which will rival institutions that are under the sway of the US and the West. The bank will start with $100 billion in capital.

26.06.2014 11:41

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