Ministers are pressing ahead with a £10million trial of ’spy-in-the-sky’ road-pricing technology despite widespread public opposition.
The U.S. economy probably lost more jobs in 2008 than in any year since the end of World War II as firings rippled from homebuilders and automakers to banks and retailers, a government report may show this week.
• Yes, Greenspan Did It
• Treasury to mull Citi-style rescues
China has launched a tough countrywide crackdown on a new network of political activists, writers and lawyers who have supported a bold new manifesto that presses for the end of one-party rule.
The European Union’s new figurehead believes that climate change is a dangerous myth and has compared the union to a Communist state.
• State of the Sun for year end 2008: all’s quiet on the solar front - too quiet
• EU denounces socialite’s carbon offset project
With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the national debt is projected to jump by as much as $2 trillion this year, an unprecedented increase that could test the world’s appetite for financing U.S. government spending.
• U.S. Economy: Manufacturing Shrinks as Orders Plunge
• Chrysler given $4bn US government loan
• U.S. governors seek $1 trillion federal assistance
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