28 Aug '11, 4am

France's balanced budget rule 'too complicated': PARIS: French President Nicolas Sarkozy wants to push through a...

PARIS: French President Nicolas Sarkozy wants to push through a balanced budget amendment, dubbed the "golden rule", to reassure rattled markets, but economists complain the measure is too complicated. Work on the golden rule has been underway for months, but after markets took a beating a couple weeks ago on false rumours France's credit rating was to be downgraded over the eurozone debt drama, it has gained a new urgency. The effort was applauded by German Chancellor Angela Merkel at a recent summit with Sarkozy, with balanced budget rules becoming a political leitmotif for European leaders. In France however, the opposition Socialists, whose votes are needed to amend France's constitution, have so far refused to go along with the measure, all but eliminating its chances of becoming law. Economists, even ones who support a balanced budget amendment in principle, say the ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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Pakatan alternative budget looking at ‘floor wage’

Pakatan alternative budget looking at ‘floor wage’

blog.drdzul.com 27 Aug '11, 4pm

The Pakatan working committee on the 2012 alternative budget announced today that it is looking to introduce a “floor wage...

If we continue to heat the atmosphere, we will ...

onearth.org 30 Aug '11, 12am

More from OnEarth OnEarth Blog : Catastrophic Flooding and Billions in Damages Left by Irene, but Will Lessons Be Ignored?...