Rising debt and deficits loom over US economy
The article traces the growing national debt from 2.7 trillion in 1989 to 11.5 trillion by a recent count, notes deficits aren’t direct debt, and discusses financing through Treasuries, foreign holders, and looming pressures from aging baby boomers and health care costs. It cites Obama’s pledge to cut the deficit, warns of possible rate rises, and cites the Peterson Foundation on broader, unfunded liabilities.
MENTIONED IN THIS ARTICLE
Obama
Ebt
United States
Japan
Italy
India
France
Germany
Canada
Treasury
U.S
China
Persian Gulf
Cee
White House
Peter Orszag
Peter G. Peterson
Ture
Mishel
Congress
North Korea fires missiles as Japan warned of threat
North Korea launched missiles triggering alarms in Japan where defense officials call the actions a serious provocation. Tokyo warns of possible further launches while Pyongyang may threaten more missiles. U.S. and U.N. sanctions amid ship inspections and talks in Kuala Lumpur and Seoul seek to curb weapons deals and enforce penalties.
MENTIONED IN THIS ARTICLE
Japan
Tokyo
North Korea
Yasukazu Hamada
Pyongyang
Kim Jin-moo
Seoul
Korea Institute For Defense Analyses
Soviet Union
Pakistan
Iran
Alaska
U.S. West Coast
Hawaii
U.S
U.N. Security Council
Myanmar
Won Tae-je
Defense Ministry
North
Kuala Lumpur
Anifah Aman
Philip Goldberg
Malaysia
South Korea
U.N
Foreign Ministry
Moon Tae-young
Obama faces new stimulus debate as economy slows
With 2 million jobs shed since February, economists and AFL CIO backers press for a second stimulus while Republicans doubt its value. White House remains cautious, Biden open to timing, and analysts warn gains from the 787 billion plan may fade next year affecting votes and policies.
MENTIONED IN THIS ARTICLE
Obama
Warren Buffet
Lawrence Mishel
The
Economic Policy Institute
Thea Lee
Afl-Cio
Senate
Mitch McConnell
Kentucky
White House
Joe Biden
Biden
ABC
Prema
Mishel
Congress
Mark Zandi
Moody's Economy.com
Washington
Empty big box stores reshape towns and uses across the U.S.
The article details how large vacant retailers linger in communities while cities repurpose them into museums, hospitals, schools, churches and entertainment venues. It notes high vacancy growth, leasing barriers from former tenants, and examples from Frankfort Kentucky Round Rock Texas Austin Minnesota and Carlinville Illinois, highlighting the Spam Museum and other conversions.
MENTIONED IN THIS ARTICLE
Julia Christensen
Christensen
Oberlin College
Ohio
International Council of Shopping Centers
Lake Success
N.Y
Home Depot
Wal- Mart
JC Penny
Kmart
Michael Burden
Ron Deleo
Frankfort
Phil Kerrick
Franklin County
Kentucky
Lowe’s Cos
Round Rock
Texas
Met Wal-Mart
Jim Nuse
Nase
Hormel Foods Corp
Austin
Minn
Sears
Sandy Forstner
Austin Chamber of Commerce
Minnesota
Forstner
Hormel
Iowa
Wal-Mart Stores Inc
U.S
Greg Rossiter
Bentonville, Ark
Rossiter
Wal-Mart
McNamara dies former defense chief of Vietnam era
Robert S. McNamara 93, cerebral secretary of defense under Kennedy, died at home after a long illness. He led the Pentagon from 1961 to 1968 during the Vietnam War, later becoming World Bank president and promoting rural development to advance peace. His son protested the war, and critics mocked his tenure as Vietnam policy soured.
MENTIONED IN THIS ARTICLE
McNamara
Washington
Robert S. McNamara
Defense
America
Diana
Associated Press
Pentagon
John F. Kennedy
Ford Motor Co
Vietnam
Stanford University
Harvard
World Bank
Prize Winners Named in Columbia Fire Co Fair Drawings
Columbia Fire Co. announced the prize winners from its annual Osceola Mills fair drawings held last week. First prize went to Chastity Leon of Morrisdale for a 2009 Chevrolet Cobalt. Second prize to Dick Witherite of Luthersburg for a 32 inch AOC LCD TV. Third prize to Darlene Peters of Osceola Mills for a 260 piece Craftsman tool set. Fourth prize to Jason Sitosky of Houtzdale for a four burner Uniflame grill. Fifth prize to Ash English of Clearfield for an 8.1 megapixel Sanyo digital camera. Sixth prize to Kim Reams of Osceola Mills for a $100 gift certificate. Seventh prize to Charles Heath of Osceola Mills for a $100 gift certificate.
MENTIONED IN THIS ARTICLE
Columbia Fire Co
Osceola Mills
Chastity Leon
Morrisdale
Dick Witherite
Luthersburg
Darlene Peters
Jason Sitosky
Houtzdale
Ash English
Clearfield
Kim Reams
Charles Heath
Camberg
Prize contest for scenic photos at Progress Fair
Prizes of 100, 75 and 50 will be awarded to the top three photographers based on votes for scenic photos. Submit name, phone, address, location and date of photo, with 8 by 10 prints or larger. No age limit. color or black and white accepted. professionals and Progress staff barred. photos not returned. Deadline is Saturday.
MENTIONED IN THIS ARTICLE
Progress Fair Booth
Jill Ogden
Newsroom
P.O. Box
Clearfield
Corbett Set to Speak at Clearfield Republican HQ
Attorney General Tom Corbett will appear today at the Republican Headquarters on Second Street Clearfield at 4 p.m. The public is invited to attend.
MENTIONED IN THIS ARTICLE
Tom Corbett
Republican
Second Street
Clearfield
Also Mentioned on This Page
Treasury Department
Aflcio
John Sweeney
Lee
Martin Regalia
U.S. Chamber of Commerce
Blanchard Street
Wendy B. Lynn
Carlinville,l
Robert Schwab
Carlinville Southern Baptist Church
Corbett
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