Don’t look now, but government is shrinking, at least the discretionary income part. You’d never know it from the growth in federal outlays in recent years -- from $3.45 trillion in 2013 to a new nominal record of $3.65 trillion in 2014 and a projected $3.9 trillion in 2015. And yet while the pie is growing, over the coming decade most federal agencies will be forced to compete for bites of a diminishing slice of it.
The terrorist group Islamic State in the Levant (ISIL) is generating an income of $800 million annually from oil sales, according to IHS, a leading provider of energy information and analytics.
ISIL is able to generate more than $2 million a day despite the fact that the production facilities it controls are producing significantly less than before the war and the group is selling the oil at a steep discount on the black market. Much of the oil is processed in mobile refineries that can be loaded by truck....More
"FAW-Volkswagen Sales Company, Ltd. presided over the process of organizing, reaching and implementing the price monopoly agreement of the car and repair services and obviously played a leading and facilitating role," Chinese regulators said....More
Among the global companies fined were Toyota, Nissan, Honda, Volkswagen, BMW, Mercedes-Benz, Ford and General Motors. Local companies fined included Maruti Suzuki, Hindustan Motors and Tata Motors....More