The slump in oil prices by more than 40 percent over the last year is slowing growth in the kingdom’s non-oil economy and pushing the government to search for savings, contemplate project delays and sell bonds for the first time since 2007. The Emirates NBD Purchasing Managers’ Index for Saudi Arabia, a measure of growth in the non-oil economy, fell in October to its lowest level in six years, driven by weaker expansion in new business.
Now they want their help for a harebrained scheme that is not a long-term fix. We need a structural fix,” Lewis said, adding that the massive restructuring plan in the second semester could affect as many as 300,000 students and 5,000 teachers.
Average prices of the so-called bronze plans on the HealthCare.gov marketplace are rising 11 percent for nonsubsidized customers over 2015 prices. Average deductibles for individuals are increasing by the same percentage, to $5,731, according to a study by HealthPocket.com, an insurance comparison site.
“A lot of them are really kind of struggling with how much longer can we continue to do this if we keep seeing the cost increases," said Karl Weiss, president of Market Perceptions & HealthCare Research, which did the research for Delta Dental of Colorado.
“The lack of pay-over puts us in an extreme predicament this winter and for the next year as to how we’re going to fund projects and how we’re going to do basic maintenance functions like plowing and patching,” said Freeport Mayor Jim Gitz.
"About 30-40 percent of our lottery sales is not even existent anymore," said Sid Hammad, owner of South Loop Market.
More and more people are moving out of Illinois and it’s leaving quite the financial burden for the state. According to an Internal Revenue Service report, Illinois lost 81,000 people and $4.1 billion of annual taxable income in 2013.
It’s Washington, DC’s version of ‘the fine print’: A provision tucked into the bipartisan budget bill signed yesterday by President Obama gives new power to debt collectors. Their target? People who owe federal student loans.
Yet despite record-low interest rates, long-term loans to banks and a 1.1 trillion-euro ($1.2 trillion) asset-purchase plan, he hasn’t succeeded in returning inflation to the goal. Now, faced with a fragile recovery at risk from weaker global trade, a euro that may be too strong for the economy and the risk of a slump in energy prices, he’s holding out the prospect of another round of monetary easing in December.
A warning light is flashing for South Korea’s manufacturing sector, a major pillar propping up the country’s economy. The manufacturing sector saw sales fall last year, logging its first ever negative growth.
Hungary's central bank will provide an extra 600 billion forints ($2.11 billion) of funding for a cheap loans programme aimed at boosting economic growth, extending the scheme into 2016, a newspaper said on Tuesday.
Chief executive officers are less confident about economic conditions in every major region across the globe, according to a quarterly survey of top business executives.
Global inflation rates declined in September, sliding further below desired levels despite a wave of stimulus being provided by some leading central banks, which are now considering fresh measures.
The forecast marked the 16th straight downward revision in the weekly survey of economists. For next year, economists expect GDP to contract 1.51% compared with a previous forecast of 1.43%.
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