Saturday, June 11, 2011

An Achievable Dream senior's journey takes him from homeless shelters to Virginia Tech

NEWPORT NEWS — Sam Stackhouse was in kindergarten when he and his four siblings began living in homeless shelters with their mother.

In second-grade, Sam and the children moved in with his maternal grandmother, and his mom disappeared from his life for a year. The pattern of seeing her in and out of his life continued through Sam's education at An Achievable Dream, which he's set to graduate from Thursday.

Pressured by Greenpeace, Mattel cuts off sub-supplier APP

Responding to pressure from Greenpeace this week, toy maker Mattel Inc. said it would direct its suppliers to stop buying wood products from Asia Pulp & Paper, a Singapore company that has clear-cut vast swaths of Indonesia's rain forest.

As the environmental group's global campaign against Mattel gained traction, the El Segundo company said on its Facebook page: "Mattel does not support deforestation nor does it contract directly with Sinar Mas/APP. We purchase packaging materials from a variety of suppliers and it is not the normal course of business to dictate where suppliers source materials."

May budget deficit less than half prior year's

WASHINGTON (Reuters) – The budget deficit fell by more than half in May from year-earlier levels to $57.64 billion as tax revenues continued to rise, the Treasury Department reported on Friday.

The monthly deficit was far below the $140 billion gap that economists surveyed by Reuters had forecast, and was down from $135.93 billion in May 2010.

Revenues have been relatively strong, given a relatively high rate of national unemployment, but lawmakers still face an urgent need to reach a deal on budget and debt issues to try to get the deficit onto a long-term downward trajectory.

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