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DrumBeat: February 22, 2009 - NewsTrust Yahoo Pipes Feed
Middle East oil companies are spending billions of dollars on security every year, and the cost is rising fast, according to a new report by The Gulf, a weekly business magazine. Saudi Arabia alone is expected to spend $14 billion over the next six years to improve oil security, while other energy producers are investing heavily in protecting pipelines, refineries, rigs, tankers and other assets, The Gulf said in its latest issue. ABU DHABI (Reuters) - Regional tensions are fuelling continued military spending by Gulf Arab states despite the global downturn and low oil prices, major arms suppliers said on Sunday. 'The Middle East market, including the Gulf, remains very viable and credible. There is confidence in their ability to drive on ...
NewsRack

Another stimulus in the works
Planning Commission Deputy Chairman Montek Singh Ahluwalia today said there was need for more government spending and further rate cuts to boost the economy.
Business Standard

Chinese utility tries to join electricity pioneers
BEIJING — As companies abroad slash spending to ride out a global slump, China's biggest utility is pouring money into the multibillion-dollar field of electric power transmission...
AJC

Official: Obama wants to halve budget deficit
Barack Obama wants to cut the federal deficit in half by the end of his first term, mostly by scaling back Iraq war spending, raising taxes on the wealthiest and streamlining government, an administration official said Saturday as the president worked to...
San Francisco Chronicle

Gold - the ultimate money? - Almost at $1000 for third time
Gold was, at the time of writing, close to $1,000 again. It would seem this level is inevitable sooner rather than later and this time the yellow metal may spend rather more time in the four figure area.
Mining.com

Call for new £20bn economy boost
A prominent group of Labour Party members urges the government to spend an extra £20bn to stimulate the economy.
BBC

Treasury ordered to turn over bailout records
A federal judge has ordered the Treasury Department to give the Fox Business Network records about how the agency spent billions in bailout money.
topix.net

Surprise retail sales rise bucks trend
Volumes were up 0.7% in January, confounding expectations that consumers would cut spending at the beginning of the year amid a rapidly declining economy
FT.com

Benefiting From the Bust
Keith and Cynthia Antaya spent the years of the housing boom renting, unable to fathom how they could afford their own digs during the market's dizzying escalation.
The Washington Post

Whitehall to `dad-proof` family policies
Ministers have ordered Whitehall to 'dad-proof' its family policies, amid concerns that schools, hospitals and other services are preventing fathers from taking a more active role in their children's lives.Civil servants have been asked to make sure the government is targeting its parenting initiatives at fathers as well as mothers to break the current 'mother-domination' of family policy. Plans already under way include an order to schools to send children's reports to their absent fathers as well as their home addresses, and moves to encourage maternity wards to let fathers spend their child's first night at the hospital instead of being sent home alone. Campaigners for fatherhood welcomed the plans but were unhappy that the government was still refusing to improve paid paternity leave beyond the current two weeks. Beverley Hughes, the minister for families, said: 'Everything is so mother-dominated in public services and we're trying to change that. The benefits for children of fathe
The Guardian

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