The IOU that's being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize
The debate over minimum wages -- does raising the minimum wage put more money in workers' pockets or just leave more of them jobless? -- is heating up at the state and federal level.
It would be appropriate for the central bank to push down the cash rate at this time, according to Prime Minister Julia Gillard , stressing that in the present situation such move would "widespread benefits for households and business." In a speech that she will deliver before the Chamber of Minerals and Energy of Western Australia and Western Australia n Chamber of Commerce and Industry in Perth on Thursday, Ms Gillard is poised to take the stance that the Reserve Bank of Australia (RBA) can very well afford to reduce its benchmark overnight rate following months of keeping its level as 4.25 percent. "There is plenty of room for the RBA to move further if need be," the Prime Minister will say on her speech