Posts Tagged Economy

West seeks to inflict more economic pain on Russia

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels.  (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Citing Russia’s stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia’s economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

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Despite good news, benefit programs face problems

Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security’s disability program is already in crisis as it edges toward the brink of insolvency.

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Not in my backyard: US sending dirty coal abroad

This June 20, 2014, photo show Boardman Coal Plant technician Paz Barratta as he operated the control room in Boardman, Ore. The plant is scheduled to close in 2020. The end of coal here will help Oregon meet the Obama administration’s latest proposal to slash pollution blamed for global warming. If all goes according to plan for global energy conglomerate Amber Energy, coal will still arrive in Boardman, Ore., but instead of feeding the coal plant, it would be shipped to Asia. (AP Photo/Nigel Duara)

BOARDMAN, Ore. (AP) — The largest power plant in Oregon, the Boardman Coal Plant, sat idle one day earlier this summer, “cold steel” in industry parlance, its dirty power no longer wanted on an electricity grid that is becoming greener.

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Losses by Texas Rangers felt by area businesses

ARLINGTON, Texas (AP) — Ahhhh, how Josh Obeid, general manager of the Blue Mesa Grill, looks back with favor on last year’s baseball season.

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Not in my backyard: US sending dirty coal abroad

In this May 22, 2014, photo, a ship is docked at Norfolk Southern's Lamberts Point coal terminal as a man plays golf in Norfolk, Va. As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world, where they could create even more pollution. (AP Photo/Patrick Semansky)

NEWPORT NEWS, Va. (AP) — Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy — and pollution.

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