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  • November 21, 2014
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  1. News - Hong Kong - SOCIETY

    UNHCR axes all aid for HK refugees in budget cuts

    Posted Feb 27th 2013, 12:00am by John Carney

    ... John Carney john.carney@scmp.com UNHCR axes all aid for HK refugees in budget cuts In a shock move, the Office of the United Nations High Commissioner for Refugees in Hong Kong (UNHCR) has ... and the lingering 2008 global financial crisis, have led to budget cuts. All their offices worldwide have been asked to take similar measures. "We regret to inform you that we do not have enough money ...

  2. News - World - UNITED STATES

    Obama blames Republicans for ‘dumb’ budget cuts

    Posted Mar 01st 2013, 11:40pm by AFP

    ... Agence France-Presse in Washington US stares down start of steep ‘automatic’ budget cuts President Barack Obama on Friday branded the automatic budget cuts about to slam into the US ... for the elderly and pension schemes. Many budget experts believe that only cuts to those programs will be able to restore the prospect of long-term fiscal stability. The White House warns ...

  3. News - World - UNITED STATES

    Obama orders ‘deeply destructive’ spending cuts

    Posted Mar 02nd 2013, 04:12pm by Reuters in Washington

    ... as “sequestration.” Government agencies will now begin to hack a total of US$85 billion from their budgets between Saturday and October 1. Half of the cuts will fall on the Pentagon. Defence Secretary Chuck ... Both Democrats and Republicans set the automatic cuts in motion during feverish deficit-reduction efforts in August 2011. Friday’s events marked the first budget showdown in Washington of many ...

  4. Business - Economy - ECONOMY

    Budget cuts deal blow to growth in US, IMF says

    Posted Apr 13th 2013, 12:00am by Bloomberg

    ... Bloomberg in Rio de Janeiro Other advanced economies will also struggle as emerging Asia, Africa pick up momentum Budget cuts deal blow to growth in US, IMF says The International Monetary Fund has lowered its growth forecast for the United States as automatic budget cuts take hold, according to a draft of the Washington-based lender's World Economic Outlook. US gross ...

  5. Business - Economy - EU ECONOMY

    EU leaders warn budget deal far off

    Posted Nov 23rd 2012, 10:58am by Agence France-Presse in Brussels

    ... Hollande. But the threat by British Prime Minister David Cameron to wield his veto unless the EU meets his demands for substantial cuts in the proposed budget, weighed heavily on the proceedings, ... they put into the common pot. Britain is the most vocal of the group of austerity-driven contributor nations seeking EU budget cuts to match belt-tightening programmes at home. “No, I’m not happy ...

  6. Comment - Insight & Opinion

    Long Hair is endangering K9 unit!

    Posted May 11th 2013, 12:00am by Alex Lo

    ... the alarm in the Legislative Council on Thursday night. So it must be true. The four so-called radicals are upset there was no provision for universal pension in the latest government budget. To retaliate, Leung has proposed budget cuts to every government department, including customs and excise, which according to Chan, has 47 overworked sniffer dogs. But Chan warned: "Leung's ...

  7. News - World - BRITAIN

    London police HQ Scotland Yard set to be sold in cost-cutting move

    Posted Nov 01st 2012, 12:00am by McClatchy-Tribune in London

    ... McClatchy-Tribune in London Cost-cutting plans will see London police move to smaller base- but take iconic sign with them Scotland Yard's famous offices set to be sold off Scotland ... which is undergoing its most brutal spending cuts in a generation. And the capital's famous bobbies have not been spared. The Yard- also known as the Met, short for Metropolitan Police ...

  8. News - World - UNITED STATES

    Congress, White House start 7-week quest to avoid fiscal cliff

    Posted Nov 14th 2012, 12:00am by Reuters in Washington

    ... fiscal cliff into another recession. The post-election battle over scheduled tax rises and budget cuts is shaping up as an extension of the presidential election campaign- with Democrats trying ... US$250,000, as President Barack Obama, fresh from winning reelection, wants. The Republicans believe the extra revenue needed to rein in budget cuts could be gained through reforms rather than from ...

  9. News - World - US POLITICS: ANALYSIS

    Threat of spending cuts a sign of Washington's political impasse

    Posted Feb 22nd 2013, 12:00am by AFP

    ... Agence France-Presse in Washington American leaders are once again playing political games over the budget, and with no deal in sight US$82 billion axe will fall in March Russian roulette on US economy Fresh from a debt ceiling showdown and end-of-year fiscal cliff brinkmanship, US President Barack Obama and Republicans are now locked in a test of wills over huge budget cuts due ...

  10. Business - Economy

    IMF changes policy on troubled economies

    Posted Oct 17th 2012, 12:00am by Kevin Rafferty

    ... for a leopard to change its spots. How much harder for the International Monetary Fund, prime deviser of the ABCD- austerity, budget cuts, conditionality, deficit reduction- regimen forcing indebted ... alternative" to making big cuts in budget deficits. Lagarde and Schaeuble spent the meetings pretending that they were reading from the same text, with the German minister saying that, "We ...




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