Tag Archives: cuts

Lawmakers Want to See Cuts Before New Revenue for Education

POWELL, Wyo. (AP) — If lawmakers are going to support any new taxes to meet Wyoming’s estimated $400 million annual funding deficit for K-12 education, they want to see some education budget cuts. “It’s a hard sell as it is,” Sen. Ray Peterson, R-Cowley, said of tax proposals that have been tossed around. “It will be an even harder sell ... Read More »

Senate Republicans Reject DeVos’ Proposed Education Cuts

Education Secretary Betsy DeVos arrives to testify on the fiscal 2018 budget request for the Education Department on Tuesday. (Bill Clark/CQ Roll Call) Senate appropriators told Education Secretary Betsy DeVos on Tuesday that the Education Department’s budget request was dead on arrival in Congress, with Republicans and Democrats alike defending programs the department proposes to slash or eliminate in fiscal ... Read More »

Herbalife cuts sales guidance; exceeds key FTC mandate

Herbalife lowered its sales outlook for the current quarter early Monday, as it gears up for tougher new Federal Trade Commission regulations that appeared to hurt business more than anticipated. Herbalife now expects revenue to be lower than prior estimates, with a key sales metric known as volume points expected to be 3 percent below its earlier view. Earnings per ... Read More »

What can the UN do if your country cuts the internet?

It has been almost a year since internet access was declared a human right, yet infringements continue. Between January and March 2017, internet in two English-speaking regions of Cameroonwas cut off for almost 100 days following protests over an attempt to force the use of French in schools and courtrooms. In late April, the government blocked social media in India-administered ... Read More »

New Milford finance board cuts budget yet again

NEW MILFORD — The Board of Finance, in a series of budget amendments adopted Thursday night, rejected Mayor David Gronbach’s plan to offset a $1.5 million revenue miscalculation with measures including the sale of town properties. Instead, the board cut $968,000 from the town budget and $532,000 from the schools budget. The overall budget now stands at nearly $101 million, ... Read More »

ACA Repeal Would Mean Massive Cuts To Public Health, Leaving Cities And States At Risk

When the Affordable Care Act (ACA) was passed a little over six years ago, it brought with it the promise of health insurance for all Americans. It also sought to begin to shift the paradigm for health care in this country, emphasizing value over volume, and recognizing the importance of prevention coupled with appropriate access to care. By now, it ... Read More »

Awareness in kids lights up Diwali, cuts down the din

The pollution index in the city-state reached a maximum of 371 points, 71 points above the level considered “d… Read More If you thought Diwali festivities were a tad less noisy this year, it’s no figment of your imagination. This year’s celebration has indeed been less noisy as compared to the past few years, said activists across the city. And ... Read More »

Wall Street banks seen benefiting from Bank of England rate cuts

The Bank of England delivered a shocker to the market Thursday morning, and potentially a little bit of good news to banks. The decision by the central bank to cut interest rates from 0.5 percent to 0.25 percent might mean investors’ margins get crimped. But the British central bank’s renewed commitment to buying bonds could help banks around the world. ... Read More »

Caterpillar cuts Q1 earnings, revenue guidance

Justin Sullivan | Getty Images The CAT logo is displayed on Caterpillar construction equipment. Caterpillar on Thursday cut its first-quarter earnings and revenue guidance, but said it remains comfortable with its prior full-year forecast. Shares of Caterpillar fell more than 3 percent in premarket trading on the news. (Get the latest quote here.) The world’s largest construction and mining equipment ... Read More »

Valeant cuts 2016 revenue forecast

Shares of Valeant Pharmaceuticals tumbled on Tuesday after the company cut its 2016 revenue forecast by about 12 percent and said a delay in filing its annual report could pose a debt default risk. The stock closed down more than 51 percent on Tuesday. One of its big investors, Bill Ackman, said he is still confident in Valeant and he ... Read More »