Standard & Poor’s Global Ratings (“S&P”) boosted Norfolk’s ratings outlook from stable to positive and joined Fitch Ratings (“Fitch”) and Moody’s Investors Service (“Moody’s”) in affirming the strong credit rating on the City’s existing long-term ratings. S&P highlighted Norfolk’s “strong economy,” its “very strong budgetary flexibility and strong budgetary performance” and “very strong management, with … Continue reading
Tag Archives: economic
US economy the next victim of Trump’s travel ban
An editorial by Gov. Terry McAuliffe Last week in Washington, I spoke on behalf of all of America’s governors to tell our newly elected president and congressional leadership that we are ready to work with them on an agenda that grows our economy and makes people’s lives better. Four days later, Virginia Attorney General Mark … Continue reading
Vietnam PM withdraws from contest for Communist Party chief
HANOI, Vietnam (AP) — Vietnam’s pro-business prime minister has effectively withdrawn from a contest to become the Communist Party chief, clearing the way for his rival to keep the post in what appears to be a compromise to present a united front to the nation, delegates at a party congress said Monday. Prime Minister Nguyen … Continue reading
Tensions build over whether Paris climate deal is binding
PARIS (AP) — France’s leadership is bristling at U.S. resistance to making a global climate accord under negotiation in Paris next month legally binding. French President Francois Hollande, whose country is hosting U.N. climate talks Nov. 30-Dec. 11, told reporters in Malta on Thursday that “if the deal is not legally binding, there is no … Continue reading
Security boosted, Egypt resort polished for investor meeting
SHARM EL-SHEIKH, Egypt (AP) — Police, soldiers and masked special forces wielding new assault rifles man checkpoints along the main roads of Egypt’s Red Sea resort of Sharm el-Sheikh, which has been freshly polished for an international conference opening Friday seeking billions of dollars in investment. Roads were lined with foreign flags as well as … Continue reading
Editorial: A blueprint for middle-class economics
by President Barack Obama America’s resurgence is real. With a growing economy, shrinking deficits, bustling industry, and booming energy production, we have risen from recession freer to write our own future than any other nation on Earth. Now we have to choose what we want that future to look like. Will we accept an economy … Continue reading
Spartan Echo 