Monday, October 4, 2010

October 4, 2010 Current Events

Local
N.J. lawmaker authorize funds for transit projects
The Record

In order to continue the road and rail projects, New Jersey lawmakers have authorized the selling of over $1 billion in bonds. After Governer Christe stopped the work on these projects, an emergency meeting was called by the Join Budget Operating Committee called an emergency meeting to approve the selling of the bonds.

National
Suicides Put Light on Pressure of Gay Teenagers
By Jesse McKinley
The New York Times

In Fresno, California, Seth Walsh, a 13-year-old boy, attempted to hang himself because he was being tormented about being Gay. After being on life support for a week, he died tragically last Tuesday. Between this death, the recent suicide of the Rutgers student, and other recent suicides due to bullying because of one's sexuality have caused alarm amongst federal officials. They hope to work to increase tolerance and thus lower the stress of America's youth.

Global
More Countries Adopt China's Tactics on Currency
By David E. Sanger and Michael Wines
The New York Times

China's artificially low value of currency is being battled by the Obama Administration. Other countries are changing some of their free-market rules and switching to policies similar to the Chinese. For example, Brazil and Japan have tried to lower the value of their currency in order to keep it from appreciating against Chinese currency further.

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