Middle class tax burden rises under Bush cuts
A Congressional Budget Office study says tax relief since 2001 favored the rich more than the middle class. Top 20 percent saw their share fall from 65.3 to 63.5 percent of federal taxes. Middle earners around $75,600 faced a rise from 18.5 to 19.5 percent, highlighting rising middle-class burden amid over $1 trillion in cuts. The report was requested by Democrats in the run up to the presidential campaign.
MENTIONED IN THIS ARTICLE
Washington
Bush
Congressional Budget Office
Congressional Budget
Congressional Democrats
Alay
Congress
Fallout from McGreevey resignation widens amid harassment claims
Former homeland security adviser Golan Cipel accused New Jersey Governor James E. McGreevey of repeated sexual advances. GOP leaders urged the governor to resign immediately as federal investigators consider the matter. Cipel's attorney described a smear campaign and alleged intimidation by McGreevey's aides to silence him.
MENTIONED IN THIS ARTICLE
Acuses
N.J
GOP
Trenton
James E. McGreevey
Homeland Security
Ulute Amediate
New Jersey
McGreevey
Golan Cipel
Cinol
Cipel
Realomaste
Alien M. Lowy
British journalist freed in Najaf amid ceasefire talks
British journalist James Brandon of the Sunday Telegraph was released in Basra after militants demanded U S withdrawal from Najaf. Video showed him bandaged and speaking at al Sadr’s local office. Aides to Muqtada al Sadr negotiated with abductors to secure his release.
MENTIONED IN THIS ARTICLE
Basra
Iraq
Muqtada al-Sadr
James Brandon
Sunday Telegraph
Diafa
Associated Press
Brandon
al- Sadr
al-Sadr
U.S
Najaf
London
Matthew d’Ancona
Telegraph
Muatada al-Sadr
Holy
Colin Powell
Washington
Powell
Abdul Maid al- Kheel
Baghdad
Trade deficit soars on energy costs to record June gap
The US trade deficit reached a record 55.82 billion in June as foreign oil bills climbed. Exports dropped 4.3 percent to 92.82 billion while imports rose 3.3 percent to 148.64 billion. Analysts warn of slower growth and weaker dollar amid oil price spikes.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Commerce Department
Federal Reserve
Alan Greenspan
America
Sung Won Sohn
Wells Fargo
Minneapolis
Steel price rise hits metal stamping firms nationwide
Brook Park based Varbros Corp faces a 57 percent cost rise for oil filter plates since year start as steel prices jump from 19 to over 40 cents per pound. Industry group Precision Metalforming says about half of its 600 members struggle to pass increases to customers, risking business closures. Experts warn banks may soon call in notes as the sector bears the burden while automakers press for price cuts and supplier consolidation.
MENTIONED IN THIS ARTICLE
Brook Park
Varbros Corp
Cleveland
Varbros
Ohio
Precision Metalforming Association
Bill Gaskin
Gaskin
Tom Stundza
Purchasing
Dave Cole
Center For Automotive Research
Ann Arbor
Mich
U.S
Cole
Bill Adler
Stripmatic Products Inc
Big ideas linger in Mahoning Valley amid failed hopes
The Mahoning Valley seeks a new identity after steel mill closures with ambitious plans like a 50 acre indoor race track and a blimp factory. Locals note era losses, while officials pursue casinos, car lines, and sports venues. unemployment remains elevated as federal efforts falter.
MENTIONED IN THIS ARTICLE
Youngstown
J.J. Cafaro
Mahoning Valley
Youngstown State University
Vonn Russo
Russo
Sherry Linken
Center For
Linken
Niles
General Motors
Cobalt
AK Steel to lay off 33 Middletown Works workers this week
Middletown-AK Steel Corp will lay off 23 hourly workers on Sunday and 10 more after training others, bringing total layoffs in a month to 68 as the mill cuts staff to reduce costs. Union officials say some workers are on military leave. company disputes that point.
MENTIONED IN THIS ARTICLE
Middletown
AK Steel Corp
Middletown Works
Armco Employees Independent Federation
Ed Shelley
Shelley
Alan McCoy
AK Steel
Mili
McCoy
Cincinnati
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Security Council
Japan
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Richard Armitage
Council
United States
Russia
China
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France
U.N. General Assembly
Israel
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Germany
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Palace Ligente
Eric “Deventure
Broadway Ave
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Forainpalace.cam
Regal Cinemas
Bylens Hee
Sage
Rarold Kumar
Idaeq
eBeoe
Diries
Bluane
Geacnen
Glee Bill
Zwegaker
Chicago Sun-Times
Lote Ei
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Satan
Carrie Tafoya
Carrie
Cas
Peis Ania Wanda Y
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Samoled
Sweet Engagement
Wamples
Tess
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The
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Reid Dulberger
Youngstown Warren
Mahoning County
Vicki Sherlock
Department of Homeland Security
Washington, D.C
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John Russo
Vamenta
Ene
Google
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Google Inc
Secu
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Larry Page
Sergey Brin
SEC
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NYSE
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Russell
Wilshire
Nyse Fez Atrza
Federal Fun Treasuries
Alteny
Brdeom
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Darden
Disney
Emggp
EmrsnEt NY
Engcp
ExonMbh NY
FithThins Nash
FirstEngy
FsiMent Ned
Foam
Genentch
Wn. BO
Genes
Sis
CnMor
Goodrich
AMEX
Naspag
Nore
ACI Liominia Mt
BredeCm
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Div
Marre
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Ncibid
GSE
MetrisGas
Eldartard
Dj Ortho
Crystalix G
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Frkepubl
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Movados
ArenaRs
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Sonomaw
ABS
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Hewletp
Cisco
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Microsoft
Consecon
iShtapan
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Daia Diam
Sirius
GenElec
JDS Uniph
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Whealfig
BEA Sys
Und
Itotal
LewGo
Jesco
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Lucent, Ny
Mbna RY
Park Har Wy
Pan
Prootis S
Tyco
WalMart
Wendys
Tae Britain
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Fidelity Invest
Magein le
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Gwilta
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Ineoa
Eupac P
Fecetty
Weir
Capisa P
SeaBlist
Bala
Vanguard Fs
Wrdsil Tv
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Eo Inc
GroGo Ic
BlueChGr
Ik A Dd
Partr LG
Vanguard
Foinva Px
Ppes, Inc
Sock
Canaion Doles
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