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N.J.’s Christie Said to Plan Freezing Some Unspent School Aid - Bloomberg.com

Wed 10/02/10 - 01:32:59 vs6
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Christie, 47, will tell a joint meeting of the Senate and Assembly on Feb. 11 that the cuts are needed to bridge the gap in the $29 billion budget for the fiscal year ending June 30, said the people, who declined to be identified before Christie’s announcement. They said $3.5 billion in
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Tags : bloomberg.com, title.Plan, Open, title.Bloomberg, budget gap, state coffers, catastrophic nature, budget committee, dopp, transition period, rocket science, dollar bills, shortfall, gap, 1 billion

Greece hikes pension age, calls for bonus cuts

Wed 10/02/10 - 12:33:23 vs6
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Click to enlarge photo Labour Minister Andreas Loverdos said men and women will retire at 63 on average in a bid to save Greece's cash-strapped pensions system, as other ministers met for a second day to finalise the country's new tax policy. "There will be a
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Tags : au.biz.yahoo.com, TER, retirement, GSE, Greeks, European Union, european central bank, europe, Euro, Commission, retirement schemes, title.bonus cuts, bonus cuts, civil servants, s industrial, hospital bills, yiannis, pension reform, six billion, billion dollars, Miners, recession, pensions, gap, private sector, men and women, holes

Super hopes turn sour for retiring boomers

Tue 09/02/10 - 08:16:10 vs6
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DO NOT count on superannuation to provide the life of Riley when you retire. Despite the sharemarket recovery last year, the average balanced super fund has returned only 5.51 per cent a year in the past decade, or about 2.2 per cent above inflation. This is below their target of 3 to 3.5
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Tags : smh.com.au, superannuation, Return, retirement, Rating, Invest, decade, balanced fund, global financial crisis, baby boomers, inflation rate, target, fund members, differe, gap, managing director, chief executive, caps

Greece to hike pension age in cost-cutting drive

Tue 09/02/10 - 07:33:07 vs6
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Click to enlarge photo "There will be a two-year increase of the limits on the average rate of retirement... namely 63 years on average for men and women by 2015," Labour Minister Andreas Loverdos told reporters after a ministry meeting. "We are changing the pensions
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Tags : au.biz.yahoo.com, TER, retirement, GSE, European Union, europe, Euro, retirement schemes, voluntary retirement, bonus cuts, civil servants, retirement age, hospital bills, yiannis, pension reform, six billion, maximum age, red line, seven months, billion dollars, Miners, gap, pensions, private sector

EU’s Barroso Says Investors Wrong to Question Euro (Update1) - Bloomberg.com

Tue 09/02/10 - 06:12:26 vs6
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“The euro will continue to constitute a major tool for our development,” Barroso told the European Parliament today in Strasbourg, France. “Those who think it can be put into question must realize we will stick to our course. The European Union has the necessary framework to address all
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Tags : bloomberg.com, Short, Quote, title.Invest, gdp, European Union, europe, title.Euro, Euro, emu, decade, title.Bloomberg, bloomberg, austerity measures, budget gap, necessary framework, executive arm, budget deficits, bond yields, bailout, economic recovery, gross domestic product, stearns, gap

Poland May Meet EU’s Budget-Deficit Limit in 2012 (Update2)

Mon 08/02/10 - 05:52:37 vs6
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By Monika Rozlal The government raised its growth forecast to 3 percent this year from an earlier 1.2 percent estimate, said the official, who declined to be named because the forecasts haven’t been officially approved. Output may expand more than 4 percent in 2011 and 2012, helping
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Tags : bloomberg.com, spa, Short, Quote, POD, Open, gdp, europe, Euro, Commission, bloomberg, economy ministries, budget gap, budget deficit, public debt, gross domestic product, gap, recession, convergence, spokeswoman

Poland May Fulfill EU’s Budget Deficit-Trimming Demand in 2012

Mon 08/02/10 - 02:53:07 vs6
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By Monika Rozlal The government revised up its growth forecast to 3 percent this year from an earlier 1.2 percent estimate, said the official, who declined to be named because the forecasts haven’t been officially approved. Output may expand more than 4 percent in 2011 and 2012, helping
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Tags : bloomberg.com, spa, Short, Quote, POD, Open, gdp, europe, Euro, Commission, economy ministries, budget gap, target, public debt, cabinet meeting, term interest, gap, recession, fourth quarter, objections, convergence

Japan Current-Account Surplus Widens for Fifth Month (Update1) - Bloomberg.com

Mon 08/02/10 - 07:52:29 vs6
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The surplus rose to 901 billion yen ($10 billion) from a year earlier, the Ministry of Finance said in Tokyo today. The median estimate of 24 economists surveyed by Bloomberg was for the gap to grow to 1.01 trillion yen. A surge in global trade probably helped the world’s second- largest
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Tags : bloomberg.com, Short, Quote, PAB, gdp, europe, Euro, title.Bloomberg, bloomberg, title.Account, regional breakdowns, final three months, median estimate, account surplus, adjusted basis, current account, 15 months, global trade, Yen, economists, gap, net income

Poland May Fulfill EU’s Budget Deficit-Trimming Demand in 2012 - Bloomberg.com

Mon 08/02/10 - 06:52:58 vs6
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The government revised up its growth forecast to 3 percent this year from an earlier 1.2 percent estimate, said the official, who declined to be named because the forecasts haven’t been officially approved. Output may expand more than 4 percent in 2011 and 2012, helping trim the deficit to 6.9
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Tags : bloomberg.com, Short, Quote, POD, Open, gdp, europe, Euro, Commission, title.Bloomberg, economy ministries, budget gap, target, public debt, cabinet meeting, term interest, gap, recession, fourth quarter, objections, convergence, spokeswoman

US economy: Retail sales probably climbed in January

Mon 08/02/10 - 03:12:45 vs6
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Sales climbed 0.3 per cent in January, the third gain in four months, according to the median forecast of 51 economists surveyed by Bloomberg News before Commerce Department figures Feb. 11. Another report may show the trade gap fell in December. A drop in unemployment last month, combined with
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Tags : businessday.com.au, stock, Standard & Poor's 500 Index, Invest, Index, bloomberg, trade gap, profit margins, markdowns, labor markets, jobless rate, quarter profit, workweek, economists, inventories, four months, gap

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