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NEWS ABOUT: spending

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Mac Spent $5,500 on Idol Artist

Republican candidate employs Hollywood makeup expert for TV slots

(Newser) - John McCain has spent more than $5,500 for the prime-time expertise of an American Idol makeup artist so the 72-year-old can be camera-ready for his TV appearances, Us Weekly reports. Tifanie White, who's also worked on So You Think You Can Dance, used her beauty school tricks to the... More »

CEO Arrested in Plan to Use Homeless in Medicare Scam

Scheme recruited LA's skid row denizens to bilk feds for unnecessary service fees

(Newser) - The CEO of a Los Angeles hospital was arrested today for defrauding Medicare by using the city’s homeless to fill empty beds, the AP reports. The FBI says Rudra Sabaratnam, of City of Angels hospital, recruited the homeless in a scheme to charge for unnecessary health services and keep... More »

New Stadium Strikes Fear in Mets Foes

New stadium, opening next year, will open financial 'chasm' for other NL teams

(Newser) - National League teams visiting Shea Stadium this summer can’t help looking past the outfield with fear at the New York Mets’ new home, Citi Field, which opens next year. “It is the ballpark that could make the Mets financially untouchable,” Rich Hofmann writes in the Philadelphia Daily ... More »

McCain Vows to Balance the Budget

Social Security reform one scenario; Dems call plan unrealistic

(Newser) - John McCain will pledge to balance the budget by the end of his first term, Politico reports, promising spending and entitlement programs, including Social Security, in a policy paper released today. McCain is renewing a promise he’d backed off from in April—a vow likely to excite his fellow... More »

Rebate Checks Go to Gas, Food, Looming Debt

Extravagant spending sprees at the mall? Not so much

(Newser) - Rather than the gluttonous splurge on flat-screen TVs and foreign vacations that Uncle Sam had envisioned, most Americans are plunking their rebate checks down on exorbitant gas and food costs--and their mounting debt. “The initial sense is that people are not running out the malls,” one economist told... More »

US Imports its Drug-Sniffing Dogs for $4,500 Each

American breeders outraged over European preference

(Newser) - The US government purchases hundreds of untrained bomb- and drug-sniffing dogs from Europe every year for as much as $4,535 each, quadruple the price of American dogs, a new federal report says. Domestic breeders and spending watchdogs are angered by the government's penchant for expensive foreign purebreds. "What... More »

Candidates Run the Gamut on Earmarks

Clinton in top 10; Obama near bottom; McCain has none

(Newser) - This year’s presidential frontrunners represent a wide array of stances on congressional earmarking—a term for garnering funds for home-state pork, reports the Washington Post. Hillary Clinton is one of the Senate’s biggest earmark recipients, Barack Obama is in the bottom quarter, and John McCain is one of... More »

US Economic Woes to Slow Tech Spending

Researchers say the sector will continue to grow, but belts will be tightening

(Newser) - Tech-spending growth, on a roll since recovering from the 2000 dot-com bust beginning in 2004, is likely to slow next year, dragged down by US economic woes and rising oil prices, reports the Wall Street Journal. Research firms say companies are likely to keep spending, but more slowly. As one... More »

Weak Wal-Mart Profits Turn Smiles Upside-Down

Stock dips in early trading on anemic report

(Newser) - Wal-Mart stock saw its biggest dip in five years in early trading this morning, after Q2 profits rose less than analysts had expected. The Arkansas-based behemoth says full-year profit will total $3.13 a share, 3 cents lighter than its projections: Bloomberg reports that surging gas prices, faltering home sales... More »

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