Tag: luxemborg

Does Europe have an alcohol problem?

A plan by the SNP in Scotland to introduce a minimum price for alcohol, has won the backing of an academic report which suggests that it could save hundreds of lives each year.

It is being proposed that a 40p per unit minimum level on alcohol could save around 70 alcohol-related deaths in its first year. Not only that, but it is thought that it will cut crime, improve absences from work and improve overall quality of life, according the academics at Sheffield University.

Add on another 10 years, and the study predicts that it could save the health service GBP £160 million, and lead to 370 fewer deaths per year.

 

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Source : http://www.nextgenerationfood.com

Which countries which own America’s debt? [Infographic]

Amidst the financial crisis, reports from last month reveal that the US federal deficit had been catapulted to record territory in August, hitting $1.38 trillion with just one month left in the budget year.

It remains a concerning figure – not least because of the worries it has raised regarding the willingness of foreigners to continue purchasing Treasury debt. For that is where the debt comes from: US Treasury securities – a government debt issued by the United States Department of the Treasury, which other countries and institutions then buy.

In essence then, Treasury securities (in this case, Treasury bonds) are nothing more than glorified loans – and as the US Treasury releases data pertaining to this – it is becoming increasingly hard for the American people to get a grasp on the fact this is how their country borrows money.

 

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Source: http://www.usfst.com