Business Highlights
The arrest of Dominique Strauss-Kahn has plunged the International Monetary Fund into a leadership dilemma just as it's playing a key role in addressing Europe's debt crisis and other global challenges.
It also hastens a likely confrontation between Europe and increasingly rich developing countries that have been angling for the top spot at either the IMF or its sister organization, the World Bank. Since their inception just after World War II, the IMF has been led by a European, the World Bank by an American.
The 187-member IMF lends money to countries unable to pay their debts. The World Bank provides loans to poor nations for building roads, dams and other development projects.
Debt limit reached, US halts 2 pension investments
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said he will immediately halt investments in two big government pension plans so the government can continue to borrow money.
Geithner informed Congress of his decision in a letter stating that the government had officially reached its $14.3 trillion borrowing limit. He repeated a warning that if lawmakers do not increase the borrowing limit by August 2, the government is at risk of an unprecedented default on its debt.Light up the architecturally table lamps interesting parts of your home.
The debt limit is the amount of money the government can borrow to help finance its operations. The nation has reached its debt limit because the federal government has grown accustomed to borrowing massive amounts of money.
Republicans have said they will not vote to raise the borrowing limit until Congress and the White House agree on a plan to reduce the deficit through spending cuts.Because dimmable lights and dimmer fluorescent bulbs switches are so popular amongst American consumers, this drawback has been a significant one.
LED bulbs hit 100 watts as federal ban looms
NEW YORK (AP) -- Two leading makers of lighting products are showcasing LED bulbs that are bright enough to replace energy-guzzling 100-watt light bulbs set to disappear from stores in January.
Their demonstrations at the LightFair trade show in Philadelphia this week mean that brighter LED bulbs will likely go on sale next year,Under efforts of led spotlight boosting the viability of LED luminaires, many companies are expanding high-power selections. but after a government ban takes effect.It was quick and light when I used dsttマジコン on a Windows 7 laptop, and gave me no trouble throughout a day of rigorous testing.sale of LED for lighting applications. Semileds is led lights only a minor palyer and should currently not be mentioned in the same breath as the other others
The new bulbs will also be expensive -- about $50 each -- so the development may not prevent consumers from hoarding traditional bulbs.
Creating good alternatives to the light bulb has been more difficult than expected, especially for the very bright 100-watt bulbs. Part of the problem is that these new bulbs have to fit into lamps and ceiling fixtures designed for older technology.
The arrest of Dominique Strauss-Kahn has plunged the International Monetary Fund into a leadership dilemma just as it's playing a key role in addressing Europe's debt crisis and other global challenges.
It also hastens a likely confrontation between Europe and increasingly rich developing countries that have been angling for the top spot at either the IMF or its sister organization, the World Bank. Since their inception just after World War II, the IMF has been led by a European, the World Bank by an American.
The 187-member IMF lends money to countries unable to pay their debts. The World Bank provides loans to poor nations for building roads, dams and other development projects.
Debt limit reached, US halts 2 pension investments
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said he will immediately halt investments in two big government pension plans so the government can continue to borrow money.
Geithner informed Congress of his decision in a letter stating that the government had officially reached its $14.3 trillion borrowing limit. He repeated a warning that if lawmakers do not increase the borrowing limit by August 2, the government is at risk of an unprecedented default on its debt.Light up the architecturally table lamps interesting parts of your home.
The debt limit is the amount of money the government can borrow to help finance its operations. The nation has reached its debt limit because the federal government has grown accustomed to borrowing massive amounts of money.
Republicans have said they will not vote to raise the borrowing limit until Congress and the White House agree on a plan to reduce the deficit through spending cuts.Because dimmable lights and dimmer fluorescent bulbs switches are so popular amongst American consumers, this drawback has been a significant one.
LED bulbs hit 100 watts as federal ban looms
NEW YORK (AP) -- Two leading makers of lighting products are showcasing LED bulbs that are bright enough to replace energy-guzzling 100-watt light bulbs set to disappear from stores in January.
Their demonstrations at the LightFair trade show in Philadelphia this week mean that brighter LED bulbs will likely go on sale next year,Under efforts of led spotlight boosting the viability of LED luminaires, many companies are expanding high-power selections. but after a government ban takes effect.It was quick and light when I used dsttマジコン on a Windows 7 laptop, and gave me no trouble throughout a day of rigorous testing.sale of LED for lighting applications. Semileds is led lights only a minor palyer and should currently not be mentioned in the same breath as the other others
The new bulbs will also be expensive -- about $50 each -- so the development may not prevent consumers from hoarding traditional bulbs.
Creating good alternatives to the light bulb has been more difficult than expected, especially for the very bright 100-watt bulbs. Part of the problem is that these new bulbs have to fit into lamps and ceiling fixtures designed for older technology.
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