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  • Ethiopia Boosts Spending by 20% to Improve Education, Roads

    June 29th, 2015

    Ethiopia’s government will boost spending by 20 percent in the budget year that begins next month to expand infrastructure in one of Africa’s fastest-growing economies, State Finance Minister Abraham Tekeste said.

    Spending will increase to 223.4 billion birr ($11 billion), with more than half of the 84.3 billion birr set aside for capital expenditure to be spent on roads and higher education, Abraham said in a June 18 interview in the capital, Addis Ababa. The state will also provide 12 billion birr to regional states to support business development and 3 billion birr for manufacturing parks.

    “These are critical for sustaining the rapid economic growth registered...

    The economics of retirement: the power of pensioner spending

    June 29th, 2015
    The grey pound is helping to keep the economy moving. Photograph: Getty Images

    The age of travel

    Travel and tourism is a major beneficiary of the Third Age Economy, with spending by those aged 65-74 rising by 51% in real terms between 2002 and 2012, against just 17% for all UK households. The over-50s now account for the majority of the nation’s spending on travel and tourism.

    This is a big boost for the domestic travel industry, as older people enjoy frequent numbers of “staycations” such as weekend breaks, and of course the booming cruise industry.

    The...

    Muir Fine Art Gallery to unveil The Mural Project July 4th

    June 28th, 2015

    Visitors to CityCentre on the Fourth of July will not only be able to enjoy the fireworks show but they will be in for another treat as well: the unveiling of The Mural Project by Muir Fine Art Gallery.

    Recently the gallery put out a public call for local artists to repurpose and rethink 18 building panels such as storefront placeholders inside CityCentre. Dozens of artists answered that call and, as a result, many of their pieces will be showcased from July 4 until Aug. 31 from Sorella Court through Town amp; Country Boulevard and down Queensbury Lane. Furthermore, onsite and online voters will choose their favorites and the top three murals will be displayed in a gallery show at the Muir...

    World’s best take a trip into the unknown

    June 28th, 2015

    Louis Oosthuizen on a practice round yesterday

    Were set here for four days of a real journey into the unknown in terms of the challenges that are normally associated with the US Open.

    From the tight fairways and lush deep rough of Merion two years ago it is an absolutely huge leap to this Irish styled links course which has more elements of what you might see at Lahinch, Ballybunion or Tralee, than any traditional notion of what a US Open course has been in the past.

    One practice round that Woods undertook two weeks ago took him seven hours to complete

    This...

    The Friday Experience: Andrew Baird at Mirada Fine Art

    June 28th, 2015

    “Optical blending occurs when you give the viewer’s eye what it’s looking for,” explains Baird. “When enough dark colors are placed in a certain location, in my case with paint drip lines, the viewer sees the shadow that logically should be there. I like that people study each painting and think about its creation.”

    “Called the best artist in our state by 5280 Magazine in 2011, Andrew Baird’s distinctive style and undeniable talent has brought international attention. However, Baird is quick to point out that the first of his family arrived in Colorado in 1867, and he cannot think of any other place as home.” *

    Join Mirada...

    Papa John’s Is Spending $100 Million a Year to Clean Up Its Menu

    June 27th, 2015

    Papa John’s International Inc. is spending $100 million a year to eliminate artificial ingredients and other additives from its menu, underscoring the cost of the restaurant industry’s shift to more natural foods.

    The company removed monosodium glutamate, or MSG, from its ranch dressing last year and pulled trans fats from its garlic sauce. Now Papa John’s has homed in on a list of 14 ingredients, including corn syrup, artificial colors and various preservatives, that will be banished by the end of 2016. The ingredients are mostly in the chain’s dipping sauces, which some customers use for pizza, and other items like chicken poppers.

    After high-profile...

    Time to Get Federal Government Out of Highway Spending Decisions

    June 27th, 2015

    America’s interstate highway system, which broke ground in 1956 and was completed in the early 1990s, enables us to affordably travel more than 3 trillion miles per year on its roads.

    But even 20 years after its completion, funding for maintenance of the interstate highway system remains in the hands of Congress and federal bureaucrats. In this top-down arrangement, the federal government acts as a middle man by collecting gas tax dollars and then apportioning them back to states, replete with federal mandates.

    This approach has led to serious problems: The Highway Trust Fund–which funds federal road and transit projects–routinely spends more than it receives...

    Fox River fire district proposes reduced spending plan

    June 26th, 2015

    Board president James Gaffney said officials had planned for an operating budget of $3.2 million to $3.3 million if an April referendum had passed. But the district#x2019;s request in April was voted down.

    The reduction in spending reflects having 21 firefighter/paramedics instead of 24, officials said.

    #x201c;It represents the reality of how much money we take in compared to how much money we can spend,#x201d; Gaffney said.

    The spending plan will be published and on display for 30 days before the board takes a final vote to approve it at its next meeting on July 27 at Fire Station Three, 34W500 Carl Lee Road, St. Charles.

    Fire district attorney Ken Shepro said...

    8 millennials describe their creative smart spending strategies

    June 26th, 2015

    Taylor Kerby, creative director of Cave Social, has a solid strategy for balancing FOMO with smart spending:

    Like most millennials, I was going out on weekends and spending at least $100 each time. To counteract this lifestyle, I started alternating weekends that I went out to bars with friends. Instead of bar hopping, I take the time to do more creative work that I dont necessarily get done during the week. This system has done four things for me: I spend less money, I get way more stuff done and help my business grow, Im healthier (sometimes I even wake up Saturday/Sunday in the early morning and workout — sometimes) and finally, I dont go stir-crazy because...

    Legos become fine art, and you can join in

    June 26th, 2015

    Lego becomes fine art, and you can join in

    In Manhattan sometime soon? Stop by renowned artist Olafur Eliassons The collectivity project and do your part for art — by helping create a Lego utopia.