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Crude oil pushes toward $96

WASHINGTON, April 26 (UPI) -- Financial analysis conducted by USA Today found that U.S. wages as a percentage of personal income fell to the lowest point in 82 years in 2010.
Wages made up 51 percent of personal income last year, while government payments hit a record 18.3 percent, as unemployment benefits, rising healthcare costs and a sluggish economy pushed the figure higher, the newspaper said.
In February 2011, wages fell to a record 50.5 percent of personal income, but government payments have leveled off at an annual rate of $2.3 trillion.
Government aid came out to an average of $7,427 per citizen last year, more than double the $3,686 average from 1990 with figures adjusted for inflation.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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