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Blowout Could Spill 58 Million Gallons in Arctic

ANCHORAGE, Alaska -- The federal agency overseeing offshore drilling in Alaska says the worst-case scenario for a blowout in the Chukchi Sea lease could result in a spill of more than 58 million gallons of oil into Arctic waters. That's about a quarter of the Deepwater Horizon spill, which put 206 million gallons of oil...

Bernanke Sees Risks in Further Steps to Spur Jobs

WASHINGTON -- Federal Reserve Chairman Ben Bernanke said Wednesday that the Fed can't take additional steps to try to ease high unemployment without escalating high inflation. If inflation were to accelerate, the Fed would have to raise rates to slow borrowing and spending and blunt price increases. Hiring might then...

Obama Says He Wants Oil Producers to Boost Output

WASHINGTON -- As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. "We are in a lot of...

US Default on Debt Could Be Disastrous Choice for Economy

WASHINGTON - The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now. But with partisan acrimony running at fever pitch, and Democrats and Republicans so far apart on how to tame the deficit, the unthinkable is suddenly being pondered. The government now borrows...

Obama Pumps Plan to Develop Renewable Energy

WASHINGTON -- President Barack Obama says one answer to high gasoline prices is to spend money developing renewable energy sources. "That's the key to helping families at the pump and reducing our dependence on foreign oil" in the long term, he said Saturday in his weekly radio and Internet address. Obama raises the...

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06/03/12 Start-Up Luminary Sean Parker Featured in Innovative... Source: PRWeb San Francisco, CA (PRWEB) June 03, 2012 Motion To Dismiss Cancer, a team formed to raise money for the Leukemia & Lymphoma Society announces the final round of the "2012 Venture Capital Master's Lunch Series" auction where anyone can bid to win one-on-one meetings with some of Silicon Valley's top venture capitalists and start-up foundersâwith all proceeds supporting LLS and its work with blood cancer research.
06/03/12 Caplice Partners LP Founder Has His Own âWorld... Source: PRWeb Sydney, Australia (PRWEB) June 03, 2012 A $5 million donation from David Caplice to World Vision today, will have a direct impact on the lives of millions of Africans.
06/03/12 The ruling and the working classes Source: Daily Herald - Arlington Heights IL The May 27 edition of the Chicago Tribune featured two articles in the Business section that made me think of the Marxist principle of the struggle for power between the ruling and working classes.
06/03/12 Foreign currency stolen in Telford house raid Source: Shropshire Star - Telford - Shropshire - UK Thieves stole more than Â£1,000 in foreign currency during a raid on a house in Telford.
06/03/12 Jordan raises electricity prices Source: eTaiwanNews.com Jordan's Cabinet says it is raising electricity prices to cover high energy expenses caused by the interruption of Egyptian gas.