15 May '11, 6am

Money-hungry US to hit borrowing cap: WASHINGTON - THE debt-laden US government's credit card will hit its limit...

WASHINGTON - THE debt-laden US government's credit card will hit its limit on Monday, creating a cash crunch that puts the country's credit standing at risk as politicians battle over its long-term deficit. Reaching the US$14.29 trillion (S$17.79 trillion) ceiling set by Congress will not have an immediate impact on government finances, because the Treasury has found about ten weeks of wiggle-room in short-term adjustments and an unexpected April jump in tax revenues. But with Republicans refusing to increase the ceiling without massive future spending cuts, the longer the fight over bridging the country's deficit goes on, the higher the stakes will get. If nothing is done by about August 2, there is a chance the United States, which has always merited a top-grade credit rating, could do the unthinkable - default on its debt payments. Few think it will get that far, as the...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

Tweets

Retirement news will not hit markets hard

todayonline.com 15 May '11, 9pm

SINGAPORE - Market analysts are not expecting the local stock market to take a big hit when it starts trading today follow...

Singapore's offshore trade turnover hit US$700b in 2010

Singapore's offshore trade turnover hit US$700b...

channelnewsasia.com 16 May '11, 4am

SINGAPORE: Singapore's offshore trade community generated US$700 billion (S$874b) in trade turnover last year, a 50.5% inc...

Vanessa Hudgens a hit with French men

straitstimes.com 15 May '11, 8am

VANESSA Hudgens - who has been romantically linked with Josh Hutcherson since splitting with Zac Efron - has been a hit wi...

Japan's disaster zone hit by fresh quake

straitstimes.com 14 May '11, 3am

TOKYO - A 6.2 magnitude earthquake on Saturday hit off the coast of north-eastern Japan, still reeling from the massive Ma...

Japan's disaster zone hit by fresh quake

channelnewsasia.com 14 May '11, 2am

TOKYO: A 6.2-magnitude earthquake on Saturday hit off the coast of northeastern Japan, still reeling from the massive Marc...

Quake-hit Japan pottery town picking up pieces

straitstimes.com 15 May '11, 3am

MASHIKO (Japan) - JAPAN'S massive earthquake crushed many of Mashiko's ancient pottery kilns and left its world-famous cer...

Plane hit by lightning caught on video | Singap...

sg.news.yahoo.com 13 May '11, 6am

A man was lucky enough to capture this footage of two bolts of lightning striking an airplane minutes before it landed at ...

OMG #tuckyewallseriously all you want is $money...

singaporemind.blogspot.com 25 May '11, 9pm

The fact that this Dr Lim even says this only points to the mindset prevalent amongst the members of the PAP that the more...