The legislation would put trade sanctions on China, the United States' largest trading partner. Supporters say it could boost American jobs by punishing China's efforts to keep its currency undervalued and its exports underpriced. Opponents warn that it could touch off a devastating trade war.
Occupy Wall Street is getting a shot in the arm, as some of America's largest unions and several key Democrats have supported the movement. The gain in momentum comes as offshoots of the original Manhattan group plan marches and protests around the nation.
Greece is faced with another major national strike, led this time by the public sector union. The Greek government is under pressure from international creditors to cut the size of the public payroll, and has already announced a plan to sideline and then layoff about 30,000 workers.
Industry experts say the iconic ice-cream parlor, which has filed for bankruptcy protection, has been hurt by the down economy. But Friendly's may also have crossed the line from classic oldie to obsolete.
The state subsidized portions of workers' salaries in the hopes that it would lead to permanent jobs. Six months after the program ended, more than half of the participants were still working. "It just takes a bit of the sting out of the cost of hiring," says one employer participating in the program.
President Obama dived into the controversy over Bank of America's plan to start charging a monthly $5 fee for the use of its debit card, suggesting the bank is mistreating its customers. For its part, the bank says the new fee is designed to recoup the billions of dollars it is losing as a result of a consumer protection law.
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