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...cards anytime soon. But if U.S. consumer spending remains anemic, a rebound overseas could shrink the trade deficit and thus boost the economy. There's just no concrete evidence of that happening yet - the March trade figures, released on Tuesday, showed exports declining faster than imports for the month. Over the somewhat longer term, the big question is whether the global economy can be rebalanced in a way so that the likes of China, Korea, Japan and Germany don't run such big trade surpluses and the U.S. doesn't run such big deficits. Without such a shift...
...just one month ago that an unemployed charity worker—failed singer, romantic exile—lived alone in her family’s home in Blackburn, Scotland, shunned by a world with no place for a 47-year old ugly duckling whose sole talent was obscured by her plain and aging appearance. Though the taunts of sixth grade bullies still echoed in the back of her mind, the passing of her 97-year-old mother pushed her to peek out of her shell for just one more, all-or-nothing performance. As Susan Boyle walked onto the stage...
...Dmitry Rogozin, the Russian envoy to NATO, that NATO would be wiser to hold the exercises “in some psychiatric hospital” than in Georgia, given the current state of affairs. Protests calling for Georgian President Mikheil Saakashvili to resign have rocked Tbilisi, for the past month, and the ranks of the protestors have grown to encompass members of the government. One of these, a former parliamentary speaker, even declared to a crowd of protestors that Georgia “is not a democratic country...
...more and unemployment at 11.2% as of mid-April and climbing, the State has already suffered through a protracted political standoff between Democratic and Republican lawmakers to plug a $41 billion budget shortfall. The deal that was finally struck will entail many painful cuts. In March, the month after the deal was struck, 27,000 educators received lay-off notices. Moreover, the complicated deal is in large measure contingent upon approval of a series of ballot propositions that are set to be voted on May 19. With plenty not to like in the details of the compromise, it appears that...
...caller later threatened to notify the media. Pitino said he then met with Sypher and her husband and asked what she wanted. Karen Sypher wrote out a list of demands, he said, including college tuition for her children, two cars, a house paid off and $3,000 per month, plus another $75,000 if Pitino left the university. Tim Sypher delivered the list to Pitino on March 6 in West Virginia, where Louisville had a game to clinch the Big East regular season championship. Two weeks later, according to the complaint, Karen Sypher hired an attorney who expanded the allegations...