Premier Wen Jiabao of China said that the government is set to spur more domestic demand in order to address some of the “structural problems” of its economy. China Boost Economic Demand “We can rely on stimulating domestic demand to stabilize and further grow the Chinese economy,” Wen said. The Chinese Premier also said that […]
Alberto Contador, the champion of the Tour de France, urged anti-doping officials on Friday to change anti-doping rules following his positive test for a banned substance called clenbuterol. The 27-year old Spaniard said that “the system is in doubt and should be changed.” “There has to be a limit set for substances like clenbuterol so […]
Adam Lambert has partnered with Pennyroyal Silver to create a pendant of his Infinity Tattoo. This is the second time that Lambert has partnered with Pennyroyal Silver. The first time they were able to raise $30,000 in 7 days. The proceeds form the sale of the $95 pendant will go to Donor’s Choose. According to […]
A report issued this week from the Office of the Comptroller of the Currency indicates that approximately 10% of borrowers with a 2010 loan modification were three months behind. This is about half the 20% of borrowers with a 2009 Loan Modification and one-third the percentage of borrowers with a 2008 loan modification. The Home […]
The Federal Reserve would be holding a meeting on Tuesday to discuss the necessity of implementing additional steps to revive the faltering economy, but will likely delay making major decisions until the end of the year. It will be the last meeting of the Federal Open Market Committee before the Congressional mid-term elections, and given […]
With congressional elections looming and high unemployment data persisting, President Barack Obama announced on Monday a proposal worth $50 billion to improve roads, railways, and airport runways. “This will not only create jobs immediately, it’s also going to make our economy hum over the long haul,” the President said before union members at a Milwaukee […]
Ancient monasteries and country estates outside Moscow may characterize Russian history and culture, but the train trips to reach those places offer a glimpse of what the country is like today. The Soviet-era trains, called elektrichkas, are crowded, dirty, and lacking in amenities apart from benches, some of which are still made of wood. When […]
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