Obama seeks corporate tax rate cut, loophole limit
WASHINGTON (AP) — President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps U.S. companies move jobs and profits overseas. “It’s not right and it needs to change,” he
Portuguese reject govt call to work on Carnaval
LISBON, Portugal (AP) — Portuguese workers issued a spontaneous “Ja chega!” — “That’s enough!” — to the government Tuesday, rejecting its appeal to stay at their jobs during Carnaval, one of their most beloved holidays.
Elaborate costumes, scary masks
Greek bailout wards off disaster _ for now
BRUSSELS (AP) — A second, €130 billion ($172 billion) bailout and a deep debt write-off for financially stricken Greece will ward off a financial disaster in Europe.
Economists, however, only give the deal a slim chance of putting the country
Portugal defies government’s Carnaval cutback plan
LISBON, Portugal (AP) — Garish costumes, scary masks and bright wigs trumped dreary economic austerity Tuesday as most Portuguese defied a government appeal to keep working on one of their deeply beloved holidays: Carnival.
It was a spontaneous “Ja chega!”
Eurozone has one foot in recession
LONDON (AP) — The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe’s debt crisis has
Capitol Hill weighs GOP payroll tax gambit
WASHINGTON (AP) — President Barack Obama said Tuesday he’s hopeful Congress will renew a 2-percentage-point cut in the payroll tax before it lapses at the end of the month, but said it’s important to also renew jobless benefits for millions
Portugal records double-dip recession in 2011
LISBON, Portugal (AP) — Portugal’s economy contracted by 1.5 percent last year, pitching it into a double-dip recession amid an acute financial crisis, the country’s statistics agency reports.
Portugal needed a €78 billion ($103 billion) bailout last year to avoid
Debt crisis threatens slow death for Portugal
LISBON, Portugal (AP) — In a six-room Lisbon office where until last year more than a dozen people worked, engineer Joao Paulo Lopes sits alone in silence amid dark computer screens, patiently waiting for a bankruptcy lawyer to shut the
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