International Business News - Spending http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Mayors of several Michigan cities want the state Legislature to approve measures that would boost money for road, bridge and other transportation improvements. http://www.ibtimes.com/articles/20081203/michigan-mayors-urge-state-action-on-road-spending.htm Wed, 03 Dec 2008 13:46:24 EST Construction spending is expected to have dropped in October and to keep falling for some time to come as builders struggle with a severe slump in housing and a credit crisis that is affecting their ability to get loans for other types of projects. http://www.ibtimes.com/articles/20081201/ahead-of-the-bell-construction-spending.htm Mon, 01 Dec 2008 06:19:26 EST No pressure, but the economy's health rests on your shoulders. The economists who know you as "The Consumer" are worried that you're buying less. Fewer cars, fewer engagement rings, fewer winter coats. Instead, you seem to be doing--finally--what your mother told you to do long ago: putting some money into savings. http://www.ibtimes.com/data/articleimgs/185133-consumer-spending.jpg http://www.ibtimes.com/articles/20081128/meltdown-101-should-consumers-drive-the-economy.htm http://www.ibtimes.com/articles/20081128/meltdown-101-should-consumers-drive-the-economy.htm Fri, 28 Nov 2008 17:33:50 EST The president of European soccer's ruling body will meet sports ministers from Europe on Thursday to seek support for his plans to control club spending. British soccer authorities see the proposal as a way to stop English dominance of the Champions League. http://www.ibtimes.com/articles/20081126/platini-seeks-eu-help-to-curb-soccer-club-spending.htm Wed, 26 Nov 2008 13:48:13 EST As the financial crisis was gaining force, Americans cut back on their spending in October by the largest amount since the 2001 terrorist attacks. The Commerce Department reported Wednesday that consumer spending plunged by 1 percent last month, even worse than the 0.9 percent decline that had been expected. Personal incomes were up 0.3 percent last month, slightly better than the 0.1 percent gain analysts had expected. http://www.ibtimes.com/articles/20081126/consumer-spending-down-1-percent-in-october.htm Wed, 26 Nov 2008 08:48:47 EST A proposal to create a tailored banking system to fund road projects in Mississippi is gaining support while state officials want small cities and towns to get their books in order ahead of anticipated cuts in federal highway money. http://www.ibtimes.com/articles/20081124/highway-spending-crisis-has-miss-group-preparing.htm Mon, 24 Nov 2008 09:22:36 EST French consumer spending, the main driver of growth in the euro zone's second-largest economy, fell abruptly in October, suggesting France may yet follow its neighbors Germany and Britain into recession. http://www.ibtimes.com/articles/20081121/french-consumer-spending-slides-in-october.htm Fri, 21 Nov 2008 09:01:59 EST The Pentagon's chief weapons buyer said Thursday the Bush administration's long-term military budget plan calls for increased defense spending in future years. http://www.ibtimes.com/articles/20081120/pentagon-plan-calls-for-increased-defense-spending.htm Thu, 20 Nov 2008 16:22:53 EST Two aging symbols of Congress' penchant for pouring billions into lawmakers' pet projects are stepping aside next year. While that will probably do little to change Capitol Hill's culture of spending, the biggest challenge may come from an unlikely source--Barack Obama. http://www.ibtimes.com/data/articleimgs/178791-congress-the-spending-habit.jpg http://www.ibtimes.com/articles/20081120/longtime-senate-spending-leaders-departing.htm http://www.ibtimes.com/articles/20081120/longtime-senate-spending-leaders-departing.htm Thu, 20 Nov 2008 10:17:56 EST They are old bulls both, legendary for fiercely lording over the Senate Appropriations Committee and funneling billions to their home states. But while Sens. Robert Byrd, D-W.Va., and Ted Stevens, R-Alaska, will no longer be leading the panel, the congressional habit of doling out earmarks is unlikely to change. http://www.ibtimes.com/articles/20081119/longtime-senate-spending-leaders-departing.htm Wed, 19 Nov 2008 18:24:57 EST Luxury retailer Saks Inc., which operates Saks Fifth Avenue, said Tuesday that it was cutting its capital expenditures to $75 million for fiscal 2009, down from $125 million for the current year. http://www.ibtimes.com/articles/20081118/saks-cuts-capital-spending-for-2009-by-40-percent.htm Tue, 18 Nov 2008 09:51:15 EST Hungarian lawmakers approved a law Monday setting spending limits on the state budget. The so-called "ceiling law" says Hungary's state budget expenditures in 2009 cannot exceed 2008 levels and can increase in 2010 and 2011 only by half the level of the previous year's rate of economic growth. http://www.ibtimes.com/articles/20081117/hungary-oks-law-setting-limits-to-state-spending.htm Mon, 17 Nov 2008 14:32:55 EST Interested in checking out how state government's spending your tax dollars? Louisiana launched an online database Wednesday that provides information on state spending from consulting contracts to agency chief salaries. http://www.ibtimes.com/articles/20081113/new-database-to-show-how-louisiana-money-spent.htm Thu, 13 Nov 2008 11:57:36 EST Canadian Pacific said Thursday it will significantly reduce capital spending in 2009, given the current economic climate. The railroad operator made the comments ahead of its investor conference later today in Toronto. http://www.ibtimes.com/articles/20081113/canadian-pacific-to-reduce-capital-spending.htm Thu, 13 Nov 2008 10:26:32 EST Worldwide technology spending will slow significantly in 2009 because of the financial turmoil that has rattled global markets since September, research firm IDC said Wednesday. http://www.ibtimes.com/articles/20081112/idc-expects-2009-tech-spending-growth-to-slow.htm Wed, 12 Nov 2008 10:39:37 EST China's retail sales remained robust in October, a positive sign for Chinese leaders who want to boost consumer spending to insulate the economy from a global slowdown. http://www.ibtimes.com/articles/20081111/chinas-october-retail-sales-up-22-percent.htm Tue, 11 Nov 2008 23:19:55 EST Virginia's operating budget during the past decade has ballooned by about 80 percent, according to a legislative study released Monday. The Joint Legislative Audit and Review Commission's study comes as lawmakers and Gov. Timothy M. Kaine gird for deep cuts because state revenues are at least $2.5 billion below their budgeted forecasts. http://www.ibtimes.com/articles/20081111/va-state-operating-budget-up-sharply-since-1999.htm Tue, 11 Nov 2008 08:37:20 EST Regulations governing Pennsylvania's two-year-old lobbyist disclosure law are bogged down in a dispute over how soon lobbyists and their employers must register with the state and report how much they spend trying to influence state government. http://www.ibtimes.com/articles/20081110/pa-lobbyist-reporting-law-provokes-rule-dispute.htm Mon, 10 Nov 2008 17:42:18 EST Technology companies often say their products ought to remain appealing in an economic downturn because they can save businesses money by making operations more efficient. But corporate spending apparently is being cut too forcefully for that message to get through. http://www.ibtimes.com/articles/20081106/cisco-warning-signals-trouble-ahead-in-tech-sector.htm Thu, 06 Nov 2008 15:44:38 EST Natural gas distributor El Paso Corp. said Wednesday it is cutting its capital spending through the end of next year as it seeks to preserve cash to meet debt and other obligations. http://www.ibtimes.com/articles/20081105/el-paso-to-cut-capital-spending-in-2009.htm Wed, 05 Nov 2008 17:55:26 EST