American economy

SAN FRANCISCO (Reuters) - Health-conscious Californians may mostly oppose smoking for its costs to public health and the economy but an aggressive tobacco industry campaign and general anti-tax sentiment may block a measure to raise taxes on smokers. Airwaves in the most populous U.S. state are filling up with advertising for and against Proposition 29, a June 5 ballot measure that would add a $1 tax to a pack of cigarettes, taking the tax to...  

WASHINGTON (Reuters) - Tunisia's economy is showing signs of revival after popular protests last year pushed it into recession but the crisis in the euro zone, its most important export market, presents risks, a senior IMF official said on Friday. The International Monetary Fund has just completed its first review of Tunisia's economy since the "Arab Spring" popular revolution in January 2011 toppled veteran leader Zine al-Abidine Ben Ali...  

LONDON (Reuters) - Weak gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, The Bank policymaker Martin Weale said on Friday. Revised official data this week showed that the economy contracted by 0.3 percent in the first quarter, a bigger fall than the earlier -0.2 percent estimate. After the first estimate was released, Weale said it...  

As Greece creaks under its untenable debt and a shrinking economy, the possibility that it could stop using the euro is becoming increasingly likely. The effects of such a move would be as quick as they would be brutal for ordinary Greeks, who would essentially take a 50-percent pay cut just as prices soar.  

WASHINGTON (Reuters) - Tunisia's economy is showing signs of revival after popular protests last year pushed it into recession but the crisis in the euro zone, its most important export market, presents risks, a senior IMF official said on Friday. The International Monetary Fund has just completed its first review of Tunisia's economy since the "Arab Spring" popular revolution in January 2011 toppled veteran leader Zine al-Abidine Ben Ali...  

WASHINGTON (Reuters) - Tunisia's economy is showing signs of revival after popular protests last year pushed it into recession but the crisis in the euro zone, its most important export market, presents risks, a senior IMF official said on Friday. The International Monetary Fund has just completed its first review of Tunisia's economy since the "Arab Spring" popular revolution in January 2011 toppled veteran leader Zine al-Abidine Ben Ali...  

LONDON (Reuters) - Weak British gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, BoE policymaker Martin Weale said on Friday. Revised official data this week showed that Britain's economy contracted by 0.3 percent in the first quarter, a bigger fall than the earlier -0.2 percent estimate. After the first estimate was released, Weale said it...  

Secretary of the Interior Ken Salazar said Thursday that even during the Great Recession, growth in the outdoor recreation industry has provided a boost to the economy.