State officials had plenty of warning. Over the past three decades, two national commissions and a series of government audits sounded alarms about the dwindling amount of money states were setting aside to pay unemployment insurance to laid-off workers.
“Trust Fund Reserves Inadequate,” federal auditors said in a 1988 report.
It’s clear now the warnings were pretty [...]
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Asian shares eked out modest gains for the second consecutive day on Thursday after the Federal Reserve offered a cautiously optimistic view of the U.S. economy, while oil prices edged higher on growing tensions in the Middle East.
Japanese shares (.N225) led gains in the region, rising to a fresh 9- month peak, boosted by healthy [...]
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TOKYO/SINGAPORE (Reuters) – Asian stocks were broadly steady On Tuesday after traders took China’s closely-watched inflation data in their stride, while the euro regained some ground after hitting a three-week low the previous day.
London copper futures rallied to a record high after lower than expected consumer price figures from China soothed concerns that Beijing might [...]
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BEIJING, Monday 14 February 2011 (AFP) – China said on Monday its politically sensitive trade surplus fell 53.5% to $6.45 billion in January as both exports and imports surged ahead of the country’s Lunar New Year holidays.
Exports increased 37.7% from a year earlier in January, while imports jumped 51%, the General Administration of Customs said.
The [...]
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BEIJING, Thursday 10 February 2011 (AFP) – China defended its foreign exchange rate policy on Thursday, one day after US Federal Reserve Chairman Ben Bernanke urged Beijing to let the value of its yuan currency rise.
Foreign ministry spokesman Ma Zhaoxu told a regular news briefing that Beijing’s controls on the yuan were in the country’s [...]
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