The Obama administration has finally reached an agreement with the Mexican government to allow long-haul truckers to pass from Mexico to the US. The new agreement will free the US of over a billion dollars in tariffs that have been imposed over the years. Mexican truckers will have to pass drug screenings and be tested on knowledge of US driving laws.
Libya is beginning to experience the social turmoil that has been plaguing the entire mid-East region. Anti-Gadhafi protesters have been demonstrating and calling for Moammar Gadhafi, the the Colonel and chief of the government security forces, to step down. Pro-government forces have been cracking down on the families of the protesters, forcing many to go into hiding.
The US justice department failed to correctly read a ruling by a Florida judge that ruled the new health-care law unconstitutional. The Florida judge said that the justice department should have appealed to ruling, rather than just ignore it and move on. The ruling has been appealed, and the unconstitutionality of the health care bill is being investigated.
The owners of NFL teams and their players agreed to a 7-day extension of the collective bargaining agreement deadline last week, hoping to reach mutually agreeable terms. The collective bargaining agreement, which controls pay distribution amongst owners and players, must be ratified if there is to be a 2011 football season.
PC sales are expected to slow, due to the massive consumer acceptance of tablets such as Apple’s iPad. The tablet category, all but non-existent five years ago, has turned into a large and very profitable market for companies such as Apple. PC sales are projected to grow 10.5% in 2011.
The economy may be showing signs of recovery, as hiring continues to increase and unemployment drops. 192,000 jobs were added for the month of February, up from 63,000 in January. The unemployment rate, one of the better indicators of the health of an economy, is below 9% for the first time in two years.
Some are predicting that oil prices will top $200 dollars-a-barrel, due to the civil unrest in the middle east. In spite of all the turmoil in the east, companies like Occidental Petroleum and Marathon Oil are still up 2.5%.
New Jersey Governor Chris Christie is pushing education reform, proposing a new system of evaluating public school teachers. A combination of test scores, performance evaluations, and peer reviews will help to determine which teachers are the most effective.