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Financial experts see recession ending this yearMsn WPP hit by share downgrade LONDON: Citigroup Global Markets, the brokerage and securities firm, has downgraded WPP Group, the marketing services conglomerate, from 'buy' to 'hold', despite the fact it is the 'best positioned' of the major advertising holding groups.WPP's... warc.comDirect debit energy bills slammed A consumer group has raised fresh concerns over direct debit demands by energy companies ahead of the regulator's findings. BBCDemocrats Take Knife To Obama`s Budget Key Democratic leaders were performing major surgery yesterday on President Obama's first budget plan in an effort to bring skyrocketing annual deficits under control, while preserving the option of enacting some of the president's most significant and costly domestic priorities. Washington PostTreasury resale may prove best option The US government's efforts to lure investors to its programme with debt financing have prompted criticism that private funds will not shoulder enough of the risk. But it may be the best way to bring markets back to health FTGOP Housing Plan Would Expand Tax Credits, Tackle Mortgage Fraud House Republican leaders plan to unveil a housing package today that would increase the tax credits available for home buyers and would direct law enforcement to crack down on mortgage fraud. Washington PostPupils to study Twitter and blogs in schools shake-up . New curriculum will give teachers more freedom . Second world war and Victoria not compulsoryChildren will no longer have to study the Victorians or the second world war under proposals to overhaul the primary school curriculum, the Guardian has learned.However, the draft plans will require children to master Twitter and Wikipedia and give teachers far more freedom to decide what youngsters should be concentrating on in classes. The proposed curriculum, which would mark the biggest change to primary schooling in a decade, strips away hundreds of specifications about the scientific, geographical and historical knowledge pupils must accumulate before they are 11 to allow schools greater flexibility in what they teach.It emphasises traditional areas of learning - including phonics, the chronology of history and mental arithmetic - but includes more modern media and web-based skills as well as a greater focus on environmental education.The plans have been drawn up by Sir Jim Rose, the fo GuardianPremium Electric Bikes: Online Retailer Announces the Opening of a New and Unique Store Featuring Electric Bicycles at Competitive Prices CARLSBAD, CA (MARKET WIRE) As the spring season blossoms and the warm weather triggers outdoor activity, high gas prices have limited some travel plans in these tight-budget times. While many look to hybrid vehicles or public transportation to cut costs, a new web store has launched the Green Cruiser, an innovatively designed electric bike offered at competitively low rates, for a practical and dependable ride. Market WireBank of England urges budget caution Mervyn King, the governor of the Bank of England, fired a shot across Gordon Brown's bows yesterday when he warned that the deteriorating state of Britain's public finances ruled out a giveaway budget next month to boost the economy.In a move that allowed the Conservatives to claim that the bank backed their claims that Britain cannot spend its way out of recession, King told MPs that the chancellor needed to be 'cautious' about tax and spending measures that would lead to still higher borrowing.'I think the fiscal position in the UK is not one where we could say, well, why don't we just engage in another significant round of fiscal expansion,' the governor said in evidence to the Commons Treasury committee.George Osborne, the shadow chancellor, said: 'This is hugely significant, as it completely vindicates the big decision taken by David Cameron and myself on the economy, and it leaves Gordon Brown's political plans for the G20 and the budget in tatters.'Darling unveiled a £25bn Guardian |
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