- California's Renewable Energy Goals Will Cost $115 Billion
On Friday, California announced some the highest clean energy goals in the U.S., reported Business Insider. The plan should cost $115 billion and raise electricity rates 28%.
- Iranian Candidate Exhorts Protesters
Though Iranian President Ahmadinejad won reelection, his opponent told supporters to protest the results, reported the Washington Post. Mousavi asked for the results to be nullified, saying, "I believe this to be the only way to return the general trust and support of the people for the government."
- Mayors Say Cities Need Direct Economic Help
The Conference of Mayors said local governments need “more direct aid” from federal government, Reuters reported. The current president of the Conference of Mayors, Manuel Diaz of Miami, said, "We have to balance our budgets, and we cannot print money every week."
- Dollar Rallies On G8 Comments
The dollar went up on Monday in response to comments from Alexei Kudrin, Russia’s finance minister. Kudrin said that the dollar will not be replaced as the world’s main reserve currency anytime soon, reported CNN Money.
- G-8 Plans To Reverse Stimulus As Rebound Signs Grow
Thinking the world economy may be recovering, G8 finance ministers are considering a change in strategy. Treasury Secretary Timothy Geithner was careful to remind the G8 that the main goal is still growth, reported Bloomberg.
