July 9, 2012 |
WASHINGTON - When Abraham Lincoln allowed the Treasury to print money for the first time in the depths of the Civil War, it was a major innovation born of a pressing reality. The Union was broke. Now, 150 years later, in admittedly less dire circumstances, Congress is preparing itself for the next big thing when it comes to money - a future in which payments are made with a wand-like wave of a phone rather than the exchange of wrinkled pieces of paper. "We are, I think, on a precipice of some fundamental change in the way money is exchanged between consumers and businesses," Rep. Shelley Moore Capito (R-W.Va.)
May 29, 1995 |
The Pacific Business Forum, a group of business people advising the Asia-Pacific Economic Cooperation forum, stressed a need to "get things done" at the end of a two-day meeting Saturday. "We're a group of business people and we want to see things happen," Les McCraw, a forum co-chairman and chairman of Irvine-based Fluor Corp., told a news conference.
CALIFORNIA | LOCAL
January 17, 1997 |
Orange County overestimated the demand for passenger service in its plans to convert El Toro Marine Corps Air Station into a commercial airport, according to a draft Southern California Assn. of Governments report. Airport opponents said Thursday the report raises questions about whether the county exaggerated figures to appease special interests behind the project. But others said the association's figures still support the need for a second airport in Orange County.
August 19, 2009 |
ROSEMEAD, Calif. -- Southern California Edison says two solar-powered plants will be built east of Los Angeles to supply the utility with enough energy for 170,000 homes. Edison announced Tuesday that it's made a deal with Arizona-based First Solar, Inc. to build plants near Desert Center in Riverside County and Stateline in San Bernardino County. When the plants are completed in 2015, they'll provide up to 550 megawatts of electricity. Edison says the projects also would create several hundred construction jobs.
September 28, 2010
In 2006, taking a brief hiatus from the usual Sacramento gridlock, the Legislature passed and Gov. Arnold Schwarzenegger signed AB 32, a pioneering law designed to reduce California's greenhouse gas emissions to 1990 levels by 2020. This year, a proposition that aims to kill the law was put on the Nov. 2 ballot by two Texas oil companies with a lot at stake. The cynical, misleading argument the companies are using to make their case is that AB 32 will deter job growth at a critical moment in the state's economic recovery.
March 24, 2005 |
The overseers of the government's two biggest domestic programs estimated Wednesday that Social Security was one year closer to financial crisis than they had figured a year ago, but that Medicare was one year further away.