2014 Event Dubai International Airport beat London Heathrow Airport in the first quarter of this year as the world's busiest international airport; Dubai Airport hopes to retain this position after a series of expansion projects are completed 2012 Event The British government grants Wales limited powers to borrow money for financing major projects 2012 Event The Egan-Jones Ratings Company projects Italy has a one-year default probability of 22%, downgrading the country to CCC+ from B+ 2011 Event China announces it may station troops in North Korea to protect its citizens and investment projects 2010 Event U.S. President Barack Obama proposes a $3.8 trillion budget for fiscal 2011 which projects a record-high budget deficit of $1.6 trillion in fiscal 2010 1994 Event North Korea signs pact to end their nuclear projects 1931 Birthday Ian Skipper, English businessman/multi-millionaire, Heritage Projects