Page 2 - 166 Billion News Today

According to a new york university study, trade between china and africa has risen from 10 billion in 2000 to $166 billion in 2011. a 16-fold increase. china is now africas largest trade partner. as i reported last week, chinas total aid budget has surged as well from $1.7 billion in 2001 to more than $189 billion in 2011. a substantial chunk of that aid goes to africa. in the short-term, africas leaders may rejoice at having struck a good deal. they no longer need to listen to western criticism...

Year which is the path we are on which takes us away from ever balancing the budget which produces a debt crisis. that is the problem. the president has us on a path toward a debt crisis that hurts everybody. that brings us to a recession. gives us a european kind of experience we want to avoid. we want people going back to work. higher wages. more jobs. a growing economy. we get that by balancing the budget. >> chris: there are two sides to the argument. the president would say the spending cut...

That rain is really coming down. as far as the east coast, new york city, we had a beautiful weekend. and more of that is in store for us today. were talking very mild temperatures. right now were in the 40s in new york city. 43 right now in chicago. it is actually cooler in dallas, 37 degrees right now, than it is in new york city. kind of odd. high temperatures today in new york, 60 degrees. 59 for your high temperature in dallas. over in minneapolis, 32 degrees for your high temperature. we h...

Billion -- the amount of money 60 u.s. companies parked overseas last year. not in the united states. overseas according to the "wall street journal" and their analysis. why are big companies focusing on their foreign subsidiaries? stuart varney says the answer is washington, d.c. >> that is the easy answer and that is correct. can we get used to the idea that taxes, tax rates, taxation drive economic activity? and that high tax rates in the united states drive the economic activity of american ...

Issues, about tax and about job creation and about outsourcing. >> what would david einhorn want apple, as an investor, to spend some of that cash on? >> he want it is to go back to shareholders. he would like bigger dividend payments, he would like a certain kind of class of stock that would allow investors like him to get some of that money back. he is not really arguing for them to bring that back and create a bunch of fact police in the u.s. and create jobs. 6 its sort of ironic the company ...

At that time a look at the morning papers. according to the "the wall street journal" 60 major u.s. companies part to combine 166 billion dollars in profit in offshore accounts shielding more than 40% of their annual earnings from being taxed by the united states. u.s. law allows companies to not record or pay taxes on profits earned by subsidiaries load internationally so long as the money is not brought back to the u.s. >> makes sense, right? okay. we dont need to ask for reform. "usa today"...

Year which is the path we are on which takes us away from ever balancing the budget which produces a debt crisis. that is the problem. the president has us on a path toward a debt crisis that hurts everybody. that brings us to a recession. gives us a european kind of experience we want to avoid. we want people going back to work. higher wages. more jobs. a growing economy. we get that by balancing the budget. >> chris: there are two sides to the argument. the president would say the spending cut...

America to fiscally sustainable path. how much would some of the most talked about solutions save? shutting down the post office on saturday would help save about $3 billion. changing medicare eligibility from 65 to 67 would bring back $6 billion. plan proposed by senator tom coburn that cuts non-semidefense programs, that would save $7 billion. capping deduction at $25,000 would keep $68 billion safe. propose additional taxes on the top 2% of income earners well, that would bring in $82 billion...

Some of the population f y. if you dont want to get rid of medicare there is stale red -- still a redistribution of wealth the there. >> annie there is always a redistribution of wealth in the picture ann picture. it seem there is a one-sided plan how to redistribute wealth in terms of ryan and his presidential candidate, mr. romney, because 62% of ryans cuts come from low-income programs. $810 billion cut from medicaid you can $134 billion cut from food stamps, another $166 billion from pell gr...

Thats another 15 million or so people who would have had insurance and arent getting it. maybe the big way it saves money is 45 million people will lose health insurance they otherwise would have gotten or their coverage will become worse. and ryans budget cuts $134 billion from food stamps, which is enough to kick about 8 million to 10 million people out of the program. ryan cuts $166 billion from the portion of the budget that houses our education training employment and social services. we do...