Monthly Archives: March 2011

TOKYO (Reuters) – Japan’s government may need to spend over 10 trillion yen ($120 billion) in emergency budgets for post-quake disaster relief and reconstruction, with part of them possibly covered by new taxes, deputy finance minister Mitsuru Sakurai signaled on … Continue reading →

NEW YORK – The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya. Benchmark West Texas Intermediate crude rose $$1.96 to $106.23 a barrel … Continue reading →

NEW YORK – Fixed mortgage rates rose slightly this week, but the average rate on the 30-year loan remained below 5 percent. Freddie Mac says the average rate on the 30-year fixed mortgage rose to 4.86 percent from 4.81 percent … Continue reading →

GENEVA – The World Trade Organization has ruled that Boeing Co. received at least $5.3 billion in illegal U.S. subsidies to develop and build new planes, according to a finding of a report first issued in January but made public … Continue reading →

For the country as a whole, and many of us, these are trying times. But in 2011, Uncle Sam is throwing us a bone — in the form of a “Social Security tax holiday.” How it worksIf this is news … Continue reading →

WASHINGTON (AFP) – US public sector workers, insulated from the worst throws of the “Great Recession,” are facing a fresh round of job losses — even as the broader economy improves. In the last three years, as unemployment rocketed above … Continue reading →