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June, 28, 2016

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Business > Americas
Senator Bernie Sanders' tax and spending proposals would provide new levels of health and education benefits for American families, but they'd also blow an US$18-trillion hole in federal deficits, piling on so much debt they would damage the economy.
 
In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America's creditors less than full value on the U.S. Treasurys they hold.
 
New financial regulations would force companies to disclose more information about their owners, as part of a crackdown on tax evaders and money launderers, the U.S. government announced on Friday.
 
U.S. employers pulled back slightly on hiring in April after a streak of robust monthly gains, adding 160,000 jobs, the fewest in seven months.
 
The United States named Panama's prominent Waked family, who run a large luxury goods, duty-free shop and real estate business, as a major drug money-laundering organization on Thursday.
 
The U.S.' largest public utility is selling a never-completed nuclear plant that has cost more than US$4 billion dollars over the past four decades.
 
Foreigners who had been banking on their investments in a biomedical research facility and a hotel and rental cottage project in Vermont to get green cards are scrambling to find a backup now that the project's developers are accused of misusing hundreds of millions of U.S. dollars in what investigators called a "massive eight-year fraud scheme."
 
Mexico City is ordering 40 percent of cars and trucks to stay off the streets Thursday, extending for a third day a traffic cutback aimed at lessening pollution.
 
Brazilian prosecutors have filed a US$43.4 billion lawsuit against BHP Billiton and Vale over the Samarco mine dam burst that killed 19 and wreaked environmental havoc.
 
U.S. manufacturing expanded in April for the second straight month, suggesting that factories are adapting to a strong dollar and economic weakness overseas, according to a private survey.
 
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