February, 2012
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Clock ticking for Egypt’s finances
The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]
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Payroll-tax cut pact passes Congress
Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – Congress Friday swiftly passed a deal to extend the payroll-tax cut through the end of 2012, continue paying unemployment benefits and avoid a steep cut in Medicare doctors’s fee, moving forward from a lengthy fight that had tied up legislators for months. The [...]
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Employers added 243,000 jobs in January
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Employers added 243,000 jobs in January, an increase over the 203,000 jobs added in December, the U.S. Department of Labor reported on Friday. Hiring was stronger than expected and many economists were surprised. Private sector job growth was widespread with large employment gains [...]