Although Japan struggles with mountains of national debt, the newly elected Prime Minister of Japan pledged to follow in the footsteps of the French Socialist Party by raising taxes and government spending measures.
Actor Gerard Depardieu announced that he is denouncing his claims to French citizenship by returning his French passport and social security card. He blasted the French government for penalizing “success, creation, and talent” in his homeland.
President Barack Obama stands poised to halt construction of the Keystone XL Pipeline permanently by claiming that a climate change study is sufficient reason to shut down shale gas drilling projects that include pipelines running through the country.
Houston's top City budget official, assigned to cut Municipal spending to save local taxpayers dollars, faces scrutiny for flying first-class and staying at luxury hotels in New York and Chicago, while charging the bills to the Houston Municipal government.
On Friday, the Texas Land Commissioner suggested school districts must arm security personnel with weapons on campus to protect children, teachers and staff from psychotic killers. The Texas official was responding to incident at a Connecticut elementary school where a shooter killed scores of teachers and students.
BEIJING:Apple Corp.'s demise appears imminent, as its recent launch of iPhone 5 smartphones in China had bombed big-time.
The Guardian Unlimited of London reports that, "iPhone 5 fails to excite China. Shares fell 3.9% and analysts cut shipment forecasts after the launch of Apple's latest smartphone received a frosty reception."