Business

China slashes growth target amid uncertain outlook

A woman in ethnic minority costume walks ahead of journalists lined up for the opening session of the annual National People's Congress held in Beijing's Great Hall of the People, Saturday, March 5, 2016. China's plan to spend 954 billion yuan ($146 billion) on defense spending this year is still less than one-third of what the U.S.is proposing to spend this year.

Business

SpaceX's Falcon 9 Launches Successfully On Satellite Mission

The satellite, which will run television and data traffic for over a billion people, will now deploy its solar panels and use electrically powered ion thrusters to jockey itself into the correct position. SpaceX offered to make up some of the lost time by extending the second burn of the rocket's upper-stage Merlin engine by a few seconds, a maneuver created to cut roughly in half the number of days it would take the satellite to settle in its operational orbit, to about 45 days.

Business

China Aims to Maintain Growth Pace

The growth in the 13th five year plan to be implemented from this year is set at 6.5 per cent as average for the next five years. " China will face more and tougher problems and challenges in its development this year, so we must be fully prepared to fight a hard battle", Mr Li told delegates on Saturday.

Business

Donald Trump releases health care reform plan

The Hill notes that while Trump's new plan largely follows Republican ideas, in the area of prescription drugs his ideas are more aligned with Democrats. The plan calls for repealing Obamacare, breaking down barriers that prevent the sale of health insurance across state lines and making individuals' health insurance premium payments fully tax-deductible.

Business

China met targets in 5-year development roadmap: PM

China's leaders had been widely expected to target economic growth at between 6.5 per cent and 7 per cent this year, setting a range for the first time because policymakers are uncertain about the economy's prospects. This year's new increase will do little to close that gap, state-run Xinhua news agency reported. The reports provide a blueprint of China's aspirations for the next five years, and show Beijing trying to strike a delicate balance between holding up growth and ...

Business

MI Gov Snyder lawyers up in Flint lead poisoning crisis

Roughly six months after limiting Flint's options, the state helped it return to Detroit's water system once it became clear that lead had leached from aging pipes into homes and businesses. Those named in her suit include firms hired to evaluate the city's water services as well Flint's former public utilities director, a former Michigan Department of Environmental Quality spokesman and the state's chief medical executive, the Flint Journal reported.


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