Obama unveils historic power grid reform

President Barack Obama Tuesday announced the largest modernization of the US electricity grid in history, in a 3.4-billion-dollar bid to launch a new era of renewable energy consumption.

Why Curiosity matters

Adam Steltzner doesn't sound much like an ordinary engineer. 

iPhone 5 not just a phone; it's a stimulus too

Apple's iPhone 5 is one of the biggest product launches ever in the sector, and may also deliver a well-timed stimulus to the US economy ahead of the presidential election, analysts say.

Japan stimulus plan to focus on green tech: report

Japan is planning subsidies to boost corporate investment in factories making environment-friendly products, in a fresh economic stimulus package expected next month, a report said Friday.

FCC seeks extension for national broadband plan

(AP) -- The chairman of the Federal Communications Commission is asking for a one-month extension on the national broadband plan the agency is required to submit to Congress.

Chip sales down 30 pct in March: SIA

Global semiconductor sales fell nearly 30 percent in March compared with a year ago but improved slightly over the previous month, the Semiconductor Industry Association (SIA) said Friday.

Japan's Sharp reports 1.3 bln dollar annual loss

Japanese electronics giant Sharp Corp. announced an annual net loss of 1.3 billion dollars, its first ever, due to a slump in sales, but it forecast a return to profit this year.

Japan mulls high-tech economic stimulus

Japan may invest two billion dollars or more in new information and communication systems under an economic stimulus package with the aim of creating 400,000 jobs by 2011, an official said Tuesday.

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Fiscal policy

In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.

Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy:

Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary and contractionary:

Fiscal policy was invented by John Maynard Keynes in the 1930s.

This text uses material from Wikipedia, licensed under CC BY-SA