In recent years, rampant borrowing has driven a significant chunk of China's economic growth. The bill is now becoming clearer â€” and it's big. Late last year, China revealed that local governments owe nearly $3 trillion â€“ more than the gross domestic product of France, the world's fifth-largest economy.
A tireless campaigner for his own vision of a utopia marked by peace and togetherness, Pete Seeger's tools were his songs, his voice, his enthusiasm and his musical instruments. A major advocate for the folk-style five-string banjo and one of the most prominent folk music icons of his generation, Seeger was also a political and environmental activist. He died Monday at age 94. His grandson, Kitama Cahill Jackson, said he died of natural causes.
Originally published on Tue January 28, 2014 1:35 pm
As President Obama prepares to deliver his State of the Union speech Tuesday evening, he does it against a backdrop of some of the lowest voter-approval ratings of his presidency, with a divided Congress that has largely stalled his second-term agenda and with Washington's collective focus starting to shift toward the midterm elections and beyond.
Here are five things to expect from the president in his fifth State of the Union speech:
Originally published on Tue January 28, 2014 7:55 am
Members of the House and Senate have reached a bipartisan agreement on a five-year farm bill that will end months of uncertainty for farmers and agriculture workers, its backers say. If enacted, it would close the gap left when the previous farm bill expired late in 2013, after an emergency extension lapsed.
The Agricultural Act of 2014, which will likely come up for a vote on Wednesday, reflects the many agendas that helped to complicate its creation.
Supporters of the new Common Core education standards adopted by 45 states say the standards hold American students to much higher expectations, and move curriculum away from a bubble-test culture that encourages test preparation over deeper learning.