Latest education news and events from around the world.

Latest education news and events

In France, Dollar's Decline Fails To Burst Champagne's Bubble. REIMS, France -- Fancy some French bubbly this holiday season? Brace yourself. The bottle of tongue-teasing champagne that was 20-something dollars last year is up to 30-something this year, thanks largely to the season's big party pooper, the tanking dollar.

Signs Are Pointing South on Wall St. Wall Street is betting on a recession. Investors in stocks and bonds are paying prices that indicate they believe a snowballing housing crisis and worsening credit crunch will soon tip the U.S. economy into a recession, analysts said. Many economists, including leaders of the Federal Reserve, don't..

After House, Senate Votes 77 to 18 for Peru Trade Bill. The Senate gave decisive backing yesterday to a U.S.Peru free-trade agreement, opening the way for expanded economic ties with the Andean nation and giving the administration a boost in its quest to shore up relations with Latin America.

In U.A.E, Weakened Dollar Slows Dubai Tower's Race to the Skies. DUBAI, United Arab Emirates -- The foreign workers building the Burj Dubai skyscraper average up to a new floor every three days as developers race to raise the tallest structure mankind has ever built.

Hiring, Wages Increase Modestly. Companies created jobs at a moderate pace in November, the government said yesterday, suggesting that the labor market has not suffered excessively from the housing and financial market crises.

Inflation Jumps on Fuel, Energy Costs. Consumer prices increased by their fastest pace in more than two years in November, cutting into wages and raising the likelihood that the Federal Reserve will hold off on further interest rate cuts even as the economy slows.

Bush's Budget Wins May Cost Him. As Congress stumbles toward Christmas, President Bush is scoring victory after victory over his Democratic adversaries. He has beaten back domestic spending increases, thwarted an expansion of children's health insurance coverage, defeated tax hikes, won funding for the war in Iraq and pushed Dem..

Bush Is Upbeat About Economy's Prospects. The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.

Toyota Becomes No. 2 in U.S. Sales. Ford was knocked from the No. 2 position in the U.S. auto market, outmaneuvered by Toyota's surging sales of small cars and gas-electric hybrids, according to year-end figures released yesterday.

The Stress Is Just Beginning. NEW YORK If the first three trading days of the year are any indication, 2008 is bound to test the nerves of even the most poised investors.

Economy Slumps To the Top of the Campaign Agenda. As the presidential campaign got underway a year ago, the candidates faced a volatile political environment dominated by the Iraq war, illegal immigration and terrorism. A year later, the campaigns are rewriting their playbooks as it appears that the race may actually be shaped by the economy.

Fears About Economy Increase. Major banks and mortgage companies yesterday sharply accelerated an industry consolidation that is set to change the landscape of American lending, while a convergence of events exposed fresh worries about the U.S. economy.

Lawmakers, Bush Face Test Over Economy. After a year of bitter wrangling and partisan gridlock, President Bush and Democratic congressional leaders vowed before the holidays to try to work more closely in the new year. Now, with economic anxiety on the rise and experts warning of recession, the two sides face the first test of that..

For Fed, It's Not Clear-Cut. Ben S. Bernanke and his colleagues at the Federal Reserve will decide today whether to cut interest rates for the second time in a week -- and find themselves in the difficult position of having either to risk cutting rates too much or risk disappointing financial markets and spurring more panic.

Canadian Mill Towns Pay For U.S. Housing Collapse. MACKENZIE, B.C. - For a time, the snow-dusted forests ringing this picturesque mill town might as well have been made of gold.

More Banks Stiffen Rules, Fed Finds. Many U.S. banks have made it harder for creditworthy borrowers to obtain a mortgage, according to a Federal Reserve survey released yesterday that underscored the spread of the credit crisis.

Downturn Shows Up on Main Street. The stock market plummeted yesterday after a report that businesses that account for a vast portion of the U.S. economy are shrinking.

Asian Exporters Feel U.S. Pain. SHANGHAI -- Sun Xiaoqing, owner of the Fenghua Hengsheng Knitting Factory, isn't quite sure what deadbeat mortgage holders in the United States have to do with his exporting business, but he knows it's bad.

A Foreign Air Raid? Congressional leaders and union officials are calling on the Pentagon to reconsider its decision to award one of the biggest U.S. military aircraft contracts to a team that includes a European company, saying it puts U.S. jobs and security at risk.

Government Buildings to Get Added Protection. The police force in charge of protecting most federal buildings, recently criticized as understaffed and demoralized, will soon add officers.

Drugs for Elderly More Costly, Study Finds. Drugmakers increased prices by an average of 7.4 percent last year for the brand-name medicines most commonly prescribed to the elderly, according to the advocacy group AARP.

Six Flags Agrees To Help Build Park in Dubai. Six Flags, the struggling amusement-park chain controlled by Washington Redskins owner Daniel Snyder, said yesterday that it is teaming up with a Dubai developer to build a theme park in the Arab emirate as part of a huge entertainment complex.

Bernanke Wants Banks To Rework Mortgages. Federal Reserve Chairman Ben S. Bernanke yesterday called on mortgage lenders to be more willing to renegotiate with borrowers who are at risk of losing their homes and said that the crush of mortgage foreclosures is likely to continue "for a while longer.".

Yahoo Plays for Time In Bid to Resist Microsoft. Yahoo said yesterday that it postponed the deadline for nominating directors, seeking time to try to fend off a $44.6 billion takeover bid from Microsoft.

Congress Threatens To Pull Funding for Air Force Tankers. Congressional leaders threatened yesterday to withhold funding for one of the U.S. military's biggest aircraft programs because the $40 billion contract went to a group that includes a European manufacturer.

How to Read the Buckeye Vote? CLEVELAND, March 5 -- Sen. Barack Obama had a simple answer for those who doubted he could expand his support beyond upper-income voters and African Americans: The more people saw of him, the better they would like him.

Spending, inflation data to hit Wall St.. Wall Street will face a slew of data this week: on Americans spending, inflation at the producer level, home sales and manufacturing.

Ag sec resists downer cow ban. The agriculture secretary on Thursday resisted calls from Democratic senators for a complete ban on so-called downer cattle -- those unable to walk -- from entering the food supply.

Investors Dump Equities For Bonds. Investor's Business Daily - Investors trying to come to grips with a sharp market sell-off yanked $44.84 billion from stock funds in January, reversing December's inflow of $2.17 billion, according to the Investment Company Institute.

Toronto stocks little changed in early trading. Toronto stocks were little changed in early, fluctuating trade on Monday, as firm resource prices were offset by weak banking shares ahead of the Bank of Canada's next decision on interest rates.

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