BONN, Germany (AP) — The Latest on a global climate conference in Bonn, Germany (all times local): 7:35 p.m. U.N. Secretary-General Antonio Guterres says he will urge leaders at climate talks in Bonn to respond to the latest alarming data by further cutting emissions, helping countries respond to climate shocks, and mobilizing the $100 billion … Continue reading
Tag Archives: economy
S&P boosts City of Norfolk’s outlook; joins Moody’s and Fitch affirming strong bond ratings
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
Gov. McAuliffe announces recipients of the Inaugural Governor’s Awards for Excellence and Innovation in Education
~ Virginia recognizes outstanding individuals, schools, programs, and partnerships ~ RICHMOND – Governor McAuliffe announced Friday, Oct. 27, the first recipients of the Governor’s Award for Excellence and Innovation in Education. This new initiative recognizes outstanding educators and leaders, schools, divisions, and community partners across five categories: closing the achievement gap, community partnerships and collaboration, innovation in education, … Continue reading
Mike Pence’s brother launches run for Indiana US House seat
INDIANAPOLIS (AP) — Greg Pence, one of Mike Pence’s older brothers, launched a campaign Wednesday for the eastern Indiana congressional seat that the vice president and former governor represented for 12 years. A campaign announcement video touts Greg Pence as a Republican who believes in “fiscal responsibility, the sanctity of life” and “our Second Amendment … Continue reading
White House: $4,000 more for families with business tax cuts
WASHINGTON (AP) — By slashing corporate tax rates, the Trump administration said Monday, the average U.S. household will get an estimated $4,000 more a year. This stunning 5 percent increase is likely to be met with skepticism from tax experts and Democratic lawmakers. Spread across every U.S. household, the White House analysis claims it would … Continue reading
Brazil crisis deepens with probe of president, top senator
RIO DE JANEIRO (AP) — Brazil’s political crisis deepened sharply on Thursday with corruption allegations that threatened to topple the president, undermine reforms aimed at pulling the economy from recession and leave Latin America’s largest nation rudderless. Stocks plunged, both chambers of Congress cancelled sessions and President Michel Temer’s office canceled his planned activities Thursday … Continue reading
Governor hosts luncheon for college journalists
by Tiana K. Allen On Feb. 1, Virginia Governor Terrance McAuliffe hosted a luncheon, alongside Virginia’s Secretary of Education Dr. Dietra Trent, at Virginia’s Executive Mansion where he spoke with several college newspaper journalists regarding Virginia’s job opportunities, President Trump’s new immigration policy and many other topics. He said that he’s had great success in … Continue reading
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
McAuliffe outlines plan to close $1.2B budget shortfall, includes 5% cut to higher-ed
RICHMOND, Va. (AP) — Virginia would force certain out-of-state online retailers to collect sales taxes, and cut state funding for public universities and colleges by 5 percent to help balance the budget under a proposal outlined Friday, Dec. 16, by Gov. Terry McAuliffe. Recent improvements in Virginia’s economy have brought the budget gap down from … Continue reading
Stocks rise as US jobs report puts Fed rate hike in question
LONDON (AP) — Stock rose and the dollar fell on Friday after a key report showed the U.S. economy added slightly fewer jobs than expected in August, making it potentially less likely that the Federal Reserve will raise interest rates already this month. KEEPING SCORE: Britain’s FTSE 100 was up 0.8 percent at 6,802 while … Continue reading
Tunisia: 3 dead in border operation against extremists
TUNIS, Tunisia (AP) — Tunisian authorities say three people have been killed in clash near the Algerian border between security forces and extremists suspected of plotting an attack. A 16-year-old civilian boy was killed by the extremists, and two suspected jihadis were killed by police and army forces in the “preventive” operation in the Kasserine … Continue reading
WHY IT MATTERS: Income inequality
WASHINGTON (AP) — THE ISSUE: The rich keep getting richer while more Americans are getting left behind financially. Income inequality has surged near levels last seen before the Great Depression. The average income for the top 1 percent of households climbed 7.7 percent last year to $1.36 million, according to tax data tracked by Emmanuel … Continue reading
Kenya president meets South Korean president for trade talks
NAIROBI, Kenya (AP) — South Korea’s President Park Geun-hye met Kenyan President Uhuru Kenyatta Tuesday and discussed the trade imbalance between the two countries on the second day of her three-day visit to Kenya. Park is in Kenya, East Africa’s largest economy, to improve trade between the two nations which currently favors South Korea. Kenya … Continue reading
US stocks slip as economic growth disappoints
NEW YORK (AP) — U.S. stocks are slipping Thursday afternoon following reports of slower economic growth in the U.S. and mixed earnings reports. The U.S. government said the economy didn’t grow as much as expected in the first three months of this year. Facebook reached an all-time high after a strong quarterly report, and … Continue reading
Deschutes Brewery to build East Coast facility in Virginia
RICHMOND, Va. (AP) — Virginia will become home to Deschutes Brewery’s East Coast operations after beating out North and South Carolina for the coveted facility that’s expected to create more than 100 new jobs, Gov. Terry McAuliffe said Tuesday. Oregon-based Deschutes will invest $85 million to build a facility in Roanoke, joining nearly 150 other … Continue reading