Tag Archives: economic-boom

Guess What America? Your Cities And States Are Flat Broke

Now that the economic boom times of the earlier part of the decade are over, cities and states across America are going bust. In fact, for a growing number of local governments throughout the United States, there is no getting around the fact that “flat broke” accurately describes the situation that they are facing. For many of these cities and states that are on the verge of bankruptcy, the American Dream is quickly turning into the American Nightmare. added by: Revelation1217

China Sentenced an Australian Mining Executive

Picture (AFP) – Outside court as China jails an executive with mining giant Rio Tinto for 10 years. China jailed an Australian Mining Executive giant Rio Tinto for 10 years in prison Monday by a Shanghai and handed stiff terms to three of his colleagues Monday for stealing trade secrets and pocketing millions in bribes. Stern Hu who is the lead negotiator for Anglo-Australian mining giant Rio Tinto, was found guilty along with three Chinese colleagues who faced the same charges. However, the Anglo-Australian mining firm, the prime supplier of the raw materials that China needs to sustain its economic boom, announced it was firing the convicted quartet and said it wanted to maintain good relations with Beijing. Read More> > China Sentenced an Australian Mining Executive is a post from: Daily World Buzz Continue reading