United States – Page 7

News

After Purchasing Lucas Films for Star Wars, Disney Reportedly Considering Layoffs

Shortly after announcing the purchase of one of the largest film franchises in history, rumors have surfaced that Walt Disney is pondering cutbacks in staffing and expenses in order to turn around the situation at its unprofitable namesake studio division. Walt Disney increased earnings by 18 percent to $5.7 billion in its 2012 fiscal year […]

Video of 1950s Manhattan Life

This is some fascinating old video from the borough of Manhattan in New York City circa 1950. Around this time the city was beginning to adapt to the mass use of cars as a means of personal transportation, as well as the post-World War II boom that brought commercial prosperity to millions of Americans. Access […]

U.S. Union Stronghold Michigan Becomes ‘Right to Work’ State

The legislature of the state of Michigan in the United States has authorized a ‘right to work’ law that bans the requirement that non-union workers pay an agency fee to work in a unionized plant as a condition of employment. Governor Rick Schneider is expected to sign the bill into law, making Michigan the 24th […]

Suzuki to End Production and Distribution in the United States

The Japanese car manufacturer Suzuki announced it would be withdrawing from the American market after suffering years of losses because of dwindling sales and increasingly marginal vehicles. In addition to these woes, many of Suzuki’s manufacturing partners have withdrawn or cut off access to certain vehicle platforms, leaving the small car maker woefully underrepresented in […]

HSBC Holdings Fears Fines Exceeding $1.5 Billion in United States Money Launder Scandal

HSBC Holdings, Europe’s largest bank, has expressed concerns that fines from its money laundering scandal in the United States could top $1.5 billion after a report from the US congressional Permanent Subcommittee on Investigations found that the bank had a culture of corruption and complicity in narcotics funds trafficking. [Reuters UK]

Europe’s Economic Woes Forestall Worldwide Recovery

The issue of European economic troubles will be addressed at the upcoming G20 summit in Mexico City, Mexico. The crisis with the euro and the implosion of sovereign debts in Greece and elsewhere present strong impediments to the growth of the world economy. Additional issues to be addressed at the meeting include China’s unwillingness to […]

U.S. President Barack Obama Delivers Victory Speech to Supporters Gathered in Chicago

Current U.S. President Barack Obama handily won re-election Tuesday, triumphing over Republican challenger Mitt Romney to remain the United States’ 44th president. In a victory speech to supporters gathered in Chicago, Barack Obama talked about the American project moving forward towards ‘perfecting our democracy’ with his re-election.

U.S. Elections 2012: GOP Increases Majority in the House of Representatives, Democrats Retain Senate

It is projected that the Republicans will increase their majority in the House of Representatives to 211 (R) – 155 (D). The Democrats will remain in control of the U.S. Senate and notably reclaimed the senate seat in Massachusetts vacated by Ted Kennedy upon his death and won by Republican Scott Brown during a special […]

Video

U.S. Elections 2012: Mitt Romney Congratulates Barack Obama on His Re-Election, Thanks Supporters in Boston

Mitt Romney conceded the U.S. presidential election to Barack Obama and expressed gratitude to his supporters at his campaign headquarters in Boston. He thanked his team, his wife, and especially his running mate, Paul Ryan, who he calls the ‘second best choice’ he has made in terms of a mate, the first being his wife […]

U.S. Elections 2012: Maryland and Maine Become First States in the US to Legalize Gay Marriage at the Ballot Box

Voters in the states of Maryland and Maine have approved ballot measures permitting gay marriage. The passing of these ballot measures by the electorate represents the first two instances in the United States in which gay marriage is approved by non-legislative action. According to Fred Sainzo of the Human Rights Campaign: “If Obama is reelected […]