State revenue rises, but not enough to offset cuts (AP)
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AP - College students clash with administrators over steeply rising tuition. Public employees shut down statehouses amid cuts to pay and retirement benefits. Teachers and social welfare advocates protest budget cuts. Lawmakers struggle to cope with sharp declines in tax revenue.
U.S. in $3.5 billion arms sale to UAE amid Iran tensions (Reuters)
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Reuters - The United States has signed a $3.5 billion sale of an advanced antimissile interception system to the United Arab Emirates, part of an accelerating military buildup of its friends and allies near Iran.
China moving to more convertible yuan: Zhou (Reuters)
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Reuters - China's central bank governor argued in comments published on Saturday that Beijing does not control the yuan's flow across borders as tightly as some think and that it is natural for the currency's trading band to be widened over time.
China moving to more convertible yuan: central bank’s Zhou (Reuters)
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Reuters - China's central bank governor argued in comments published on Saturday that Beijing does not control the yuan's flow across borders as tightly as some think and that it is natural for the currency's trading band to be widened over time.



December 31st, 2011