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China says ‘firmly opposes’ U.S. Senate currency bill

China said Tuesday it “firmly opposed” a US Senate bill aimed at punishing Beijing for its alleged currency manipulation, which is expected to make its final passage later this week. The bill — which comes 13 months ahead of US elections in which high unemployment is likely to be an issue — sets…

Bloomberg: Buffett’s tax the rich comments ‘theatrics’

Michael Bloomberg won’t be endorsing Warren Buffett’s ‘tax the rich more’ proposal anytime soon. The New York City mayor appeared on Meet The Press Sunday morning, describing his fellow billionaire’s recent comments on taxes as ‘theatrics” and defending high income individuals once again. “I think it’s not fair to say…

Bloomberg: Buffett’s tax the rich comments ‘theatrics’

Michael Bloomberg won’t be endorsing Warren Buffett’s ‘tax the rich more’ proposal anytime soon. The New York City mayor appeared on Meet The Press Sunday morning, describing his fellow billionaire’s recent comments on taxes as ‘theatrics” and defending high income individuals once again. “I think it’s not fair to say…

Obama: ‘This is not class warfare; it’s math’

President Barack Obama Monday introduced his plan to trim the deficit, including a “Buffett rule” — named after billionaire Warren Buffett — which would ensure that people making over $1 million a year would pay a tax rate as high as the people that work for them. “Middle class families…

More consumers late on loan payments, bills in 1st quarter of 2011

WASHINGTON (Reuters) – More consumers had trouble making payments on credit cards and other debts during the first three months of the year due to higher food and gas prices, an industry report said on Thursday. The American Bankers Association said the data showed a downturn from prior quarters and…

Bill Clinton picks a Republican favorite for 2012

Former President Bill Clinton made a surprise appearance at the Aspen Ideas Festival in Colorado Saturday evening, sharing his opinions on the debt ceiling, Republican candidate Jon Huntsman and corporate taxes, among other topics. Though Clinton raised the corporate tax rate for corporations that made over $10 million annually while…

India offers prizes to sterilization volunteers

JODHPUR, India — A district in northern India is offering prizes including television sets, food processors and even a Tata Nano car for people who agree to undergo sterilisation, a doctor told AFP on Friday. “We want to promote sterilisation,” Pratap Singh Dutter, the deputy chief medical officer of Jhunjhunu…

Population grows at fastest rate in 50 years: data

LONDON — The population grew at the fastest pace for nearly half a century last year, adding almost half a million people due in large part to a high birth rate, official data showed on Thursday. The population stood at 62,262,000 in mid-2010 which is an increase of 470,000 compared…

Adult diabetes rate doubles: study

LONDON (AFP) – The number of adults with diabetes worldwide has more than doubled since 1980, with almost 350 million now affected, according to a new study published in The Lancet medical journal. Scientists from Imperial College London and Harvard University analysed blood sugar date of 2.7 million people aged…

Fed holds rate as U.S. economy recovery slows

WASHINGTON (AFP) – The Federal Reserve said Wednesday it would again maintain its key interest rate near zero as the pace of the US economic recovery was more sluggish than expected. “The economic recovery is continuing at a moderate pace, though somewhat more slowly than the committee expected,” the policy-setting…

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