Monday, June 25, 2012

GGN- Economic News :: January 20, 2011 Part 2/3

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Please SUBSCRIBE!!! * Please visit our website:www.ggnonline.com for more news commentary. * Please donate to GGN www.paypal.com because it would be greatly appreciated. Thank you. NEWS SUMMARY: (Business Insider) It's almost certainly never going to reach the President's desk, but the bill that would repeal Obamacare just passed the House, easily. It was a vote of 245-188. - (FT) US public pensions face a shortfall of 00 billion that will force state and local governments to sell assets and make deep cuts to services, according to the former chairman of New Jersey's pension fund. - (Reuters) - Payrolls will grow in almost all US metropolitan areas this year, but the gains will be slight, according to a forecast from IHS Global Insight, Inc. released by the US Conference of Mayors on Wednesday. - (The Detroit News) Detroit Public Schools would close nearly half of its schools in the next two years, and increase high school class sizes to 62 by the following year, under a deficit-reduction plan filed with the state. - (WSJ) Iran's plan to save money by significantly cutting subsidies for fuel, electricity and basic food items has had an unexpected response: many Iranians, cushioned from the impact and threatened with arrest if they complain, are quietly adjusting to the rising cost of daily living. - (AP) - A spike in oil and food costs pushed wholesale prices up last month by the biggest amount in nearly a year, a trend that could threaten the still-fragile global ...
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