Daily News Channel
Brazil is no stranger to economic crises. In the 1970s and ’80s, Latin America’s economic giant turned financial mismanagement into an art form. The current global turmoil has not left Brazil unscathed: stock prices, exports and growth are all down.
Puerto Rico’s Gov. Luis Fortuno on Tuesday outlined a plan that would cut spending by $2 billion per year and slash government payrolls by what could be more than 30,000 workers, or 10 percent of the government’s work force. “It’s up to us to confront the bitter reality that the government is bankrupt,” he said in a televised address
Hundreds of thousands of workers filled the streets of Dublin on Saturday to protest the government response to Ireland’s economic downturn. But these days, visitors to California’s most famous ZIP code are more likely to take note of the empty storefronts and deep-discount signs
The Nuclear Regulatory Commission voted Tuesday to require any future nuclear power plants to be designed to withstand strikes from commercial jetliners, addressing a possible terrorist scenario that has haunted some people since the September 11, 2001, attacks. Citizen activists have sought such a rule since the attacks, saying the consequences of an air assault would be catastrophic.