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Auto Outlook: Toyota bullish on U.S. comeback
TOKYO, July 23 (UPI) -- The Japanese government, citing worsening business conditions, lowered its fiscal 2008 real growth forecast to 1.3 percent from 2 percent.
The Cabinet Office blamed the conditions on soaring oil prices, U.S. economic slowdown and the yen's appreciation against major currencies, Kyodo reported.
The office also cut the nominal economic growth rate for the year to 0.3 percent from the 2.1 percent forecast in January, saying domestic prices are slow to increase even with soaring import prices of oil and grains.
Nominal growth rates fall below real rates when the economy is in a deflationary state, the report said.
The current fiscal year will end next March.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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ARLINGTON, Va., Feb. 14 (UPI) --
The proposed U.S. budget, with its envisaged $487 billion defense spending cuts over 10 years, is seen as a "direct hit" on the aerospace and defense industry.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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