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Bernanke: Health care will continue eating into budgets (USA Today) Health care costs are likely to claim a bigger share of household spending in years to come, pressuring the government to absorb more health care costs, Federal Reserve Chairman Ben Bernanke said Monday. France to Cut Military, Delay Jet, Frigate Orders (Update1) (Bloomberg.com) June 16 (Bloomberg) -- France's armed forces will cut more than 60,000 soldiers and support staff and may slow production of combat jets and frigates as part of a 15-year plan to modernize the military, an aide to President Nicolas Sarkozy said. France Says It Will Cut 54,000 Defense Jobs (CBS News) France will slash 54,000 defense jobs and boost funding for space- and land-based military intelligence, according to a new strategy aimed at adapting the country's forces to evolving threats. France to Cut Military, Delay Jet, Frigate Orders (Update2) (Bloomberg.com) June 16 (Bloomberg) -- France will cut 54,000 soldiers and support staff from its armed forces and may slow production of combat jets and frigates as part of a 15-year plan to modernize the military, an aide to President Nicolas Sarkozy said. France to ax thousands in defense review (CNN.com) PARIS, France (AP) -- France will slash 54,000 defense jobs and push for a stronger European defense policy, according to a new strategy aimed at adapting French forces to evolving threats -- from terrorists at home to insurgents in Afghanistan and beyond. France: A new defense plan for new threats (AP via Yahoo! News) France announced a vision Monday for its 21st-century military ? a leaner, smarter and more high-tech force capable of detecting threats like terrorism early and deploying quickly to battlefields abroad. France says it will cut 54,000 defense jobs (Boston Herald) PARIS - France will slash 54,000 defense jobs and boost funding for space- and land-based military intelligence, according to a new strategy aimed at adapting the country's... Rising health costs pose economic risk: Bernanke (Reuters via Yahoo! News) Federal Reserve Chairman Ben Bernanke warned on Monday that rising U.S. government spending on health care risks triggering runaway budget deficits that could put economic stability in danger. Pakistan budget hits poor (Asia Times) QUETTA, Pakistan - The two-month-old coalition government in Islamabad, faced with soaring inflation, a swelling trade deficit and a slowing economy, gave more cash to the military and further burdened the poor when it presented its first national budget last week. Fed Chief Fans Flames On Health-Care Reform (Forbes) Ben Bernanke warns that rising government health-care spending threatens the stability of the economy. |
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