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Oil price drop would have forced an indy Scotland to borrow 6% of national output

13 hours agoNews : Slugger O'Toole

So as we go paddling towards some form of resolution to our budget crisis, the FT has some, er, good news for thwarted Scottish Nationalists, on foot of a simulation of oil revenues by the Office for Budget Responsibility… Had Scotland voted Yes to independence, it would now be looking at oil revenues of £1.25bn instead of more...

Blowback from Oil Price War: Sovereign Wealth Funds Selling Investments

While there has been ample discussion the impact of falling oil prices on the national budgets of major oil producing nations, there's been less media focus on how some of the countries that face budget squeezes are likely to react. Consider what a difference nine days makes. Show More Summary

Contrasting Cruz and Warren-Pelosi Budget Battles--Why Democrats Have High Political Ground in 2016

Over the last week we have seen played out in the national political spotlight the fundamental reason why Democrats have the high political ground in 2016. Senator Ted Cruz used every procedural move available to block Senate consideration...Show More Summary

Ag Economy; Biotech; Biofuels; Policy Issues; and, Budget Developments- Friday

Agricultural Economy An update yesterday from the Food and Agriculture Organization of the United Nations stated that, “Latest indications confirm that world cereal production will reach an all-time record of more than 2.5 billion tonnes in 2014. “Buoyed by bumper crops in Europe and a record maize output in the United States of America, this year’s […]

New Distribution of Colonies and Native Nations in Mexico City

On his personal blog Hbt, Olivera Herbert writes about a new district distribution (starting on October 2014) and the popular referendum about participatory budgeting 2015 (November 2014), that allowed us to assess and ellaborate a new Catalog of Colonies and Native Nations 2013 in Mexico City. Herbert has prepared a...

Where Illinois School Districts Get Their Funding: Local, State and National Money

When Illinois lawmakers get back to work in January, they'll have a lot of decisions to make on the state budget and minimum wage laws. They'll also be faced with the question of whether or not and how to restructure school funding in Illinois. Show More Summary

Laura Ingraham Blasts Republican Leadership Over CR-Omnibus Budget Bill

Laura Ingraham is blasting Republican House leadership over its support for a $1.01 trillion "Continuing Resolution-Omnibus" budget bill she calls "a 1,600 page bad joke." On her nationally syndicated radio program Thursday, I ngraham...Show More Summary

‘Individuals Behind CIA Criminal Conspiracy Must Face Penalties’: United Nations (U.N., Intl. Terr., Geneva)

In an unusually blunt statement about a U.N. Security Council member – particularly one that accounts for a quarter of the U.N. budget, U.N. Special Rapporteur on Counter Terrorism and Human Rights Ben Emmerson, a British barrister by training, called on President Obama and Attorney General Holder to immediately file charges against ‘individuals responsible for [...]Show More Summary

Mitch McConnell Wants to Open a Giant Loophole for Superrich Donors. Harry Reid Has Vowed to Stop Him.

Senate Majority Leader Harry Reid (D-Nev.) is vowing to block any effort by his GOP counterpart, Mitch McConnell, to loosen the nation's campaign finance limits as part of a bipartisan budget deal taking shape in Congress. Last week,...Show More Summary

The Bipartisan Rush to Bankrupt America and Screw Millennials

2 weeks agoNews : Reason

Over at David Stockman’s Contra Corner, the former Reagan budget director recalls the time when the national debt was $1 a paltry $1 trillion. The year was 1981. He writes: In the great fiscal scheme of things, October 22, 1981 seems like only yesterday. Show More Summary

'Inherently Unachievable': George's Osborne's Spending Plans Literally Don't Add Up

Chancellor George Osborne laid out his final Autumn Statement on the nation's finances before the General Election next year. But the government's official budget watchdog appears far from convinced by current plans. As expected, the Autumn Statement included a number of measures aimed to increase voters' sense of wellbeing ahead of the vote. Show More Summary

UK Commends Iraq, Kurdistan Region for National Budget, Oil Exports Deal

The UK foreign policy chief welcomed the agreement between the Iraqi government and the Kurdistan region on oil exports and revenue sharing.

Yatsenyuk: Naftogaz Deficit 1.5 Times More Than Ukraine's National Deficit

The Ukrainian state budget today is $4.4 billion, while the deficit of Naftogaz is $6.7 billion, Ukrainian Prime Minister Yatsenyuk said during a government session.

Obama is Failing our Military

At a time when Obama is slashing the defense budget, this increase in the funds sent to Africa can only mean that the U.S. will be less prepared for the threats that actually impact our national security directly.

China’s Skies Get More Crowded With Launch of Third Budget Airline

Competition is intensifying in China's aviation market as the nation's third budget carrier, 9 Air, took to the skies this week.

Iraq, Kurds agree on oil deal, uniting to fight Islamic State

2 weeks agoSports / Baseball : Dodgers Now

Iraq's central government and leaders of the nation's semiautonomous Kurdish region unveiled an oil and budget deal Tuesday aimed at resolving a months-long dispute and presenting a united front against Islamic State militants.

U.S. National Debt Quietly Surpasses $18 Trillion With No End In Sight

``The U.S. national debt hit $18 trillion for the first time on Friday, according to the U.S. Treasury Department and a website that tracks liability debt and assets... The Congressional Budget Office released two startling reports in April showing that... Show More Summary

Perry's Border Surge Cut Off as Media Interest Disappears

AUSTIN, Texas -- The deployment of National Guard troops that Texas Governor Rick Perry ordered in response to the border crisis is set to be phased out under a recommendation from the Texas Legislative Budget Board released on Monday. Show More Summary

Iraq government reaches oil deal with Kurds

Kurds to sell 300,000 barrels per day and continue to receive 17 percent share of the national budget.

PUTIN: 'Winter Is Coming...'

Oil prices plunged following last Thursday's OPEC meeting, during which the cartel announced that it will not cut production. Falling energy prices have put pressure on the budgets of the world's major oil-producting nations like Russia. Show More Summary

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