February 15, 2011

President Obama’s $3.7 trillion budget plan for 2012 puts education and health research among the areas with increased spending, while defense appropriations will see their first reductions in years. The budget will be dissected by the congressional Republicans who are ready to put their own stamp on the spending plan will more cuts in an effort to reduce a $1.6 trillion deficit. Source Link
 

Everything from blue jeans to business suits could have a higher price tag this year because of a a worldwide run-up in the price of cotton. The price of synthetic fabrics is also rising, leaving most clothing makers with no alternative but to raise prices that have been flat or declining for several years in an effort to keep sales healthy amid a worldwide recession. Source Link


Is a downsized iPhone the next big thing in a smaller package? Published reports say Apple will unveil a second version of the iPhone this summer that’s smaller and cheaper, to allow carriers to offer it as a free phone with a contract. The addition of an economy iPhone model could help Apple gain more market share against the growing number of Android-powered phones. Source Link