Posts Tagged ‘economy’

U.S. – INDIA TRADE: Gets a boost with Geithner’s visit

TRADE RELATIONS AT HIGH POINT US Treasury Secretary Timothy Geithner has begun his first visit to India since assuming office. Speaking in Delhi, he praised the way India had handled the global financial crisis and said the US and India should “work more closely together”. Mr Geithner was...
April 14th, 2010 | BUSINESS | Read More

PRESIDENT OBAMA: State of the Union address Green Jobs

JOBS, A TOP PRIORITY Obama urged lawmakers in Wednesday night’s State of the Union address not to abandon the effort on what was once his top domestic priority. But his enthusiastic words provided no specific prescription for moving forward, leaving lawmakers little better off than before. President...
January 28th, 2010 | NATION | Read More

MARTIN LUTHER KING: Vision for a prosperous future and economy

TRUTH SHALL SET YOU FREE Back in 1967, Martin Luther King, Jr. signaled his shift from a solely civil rights focus to add the all-important issue of economic justice — noting the material distress afflicting whites as well as nonwhites. He did this by writing the Foreword to a major document, “A...
January 16th, 2010 | NATION | Read More

GLOBAL ECONOMY GROWING: IMF observes

BACK ON TRACK IS IT? The global economy is expanding again and financial conditions have improved significantly, the International Monetary Fund (IMF) has said. But in its latest World Economic Outlook, the IMF said the “pace of recovery is expected to be slow”. It added that the recovery...
October 1st, 2009 | BUSINESS | Read More

UNEMPLOYMENT HITS 9.7%: Highest in US in 26 years

TOUGH ROAD AHEAD The unemployment rate jumped almost half a point to 9.7 percent in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery. While the jobless rate rose more than expected, the economy shed a net total of 216,000...
September 4th, 2009 | BUSINESS | Read More

US NATIONAL DEBT: Doubles over next decade

INCREASING DEBT A CONCERN The U.S. national debt will nearly double over the next 10 years as recession crimps government revenue while spending on retirement and medical benefits soars, official forecasts said on Tuesday. The White House now expects the 10-year budget deficit to reach $9.05 trillion,...
August 25th, 2009 | BUSINESS | Read More

RECOVERY SIGNS: Home sales boost, stocks surge

HOME SALES ON RISE A boost in home sales and reassurance from Fed Chairman Ben Bernanke spark a market rally. The strongest monthly home sales increase in a decade and an encouraging economic assessment from Federal Reserve Chairman Ben S. Bernanke have provided new support for the hope that recovery...
August 22nd, 2009 | NATION | Read More

US ECONOMY: Recession near end, figures suggest

GLIMMER OF HOPE The U.S. recession appears to be near an end, government figures suggest, even as revisions to prior years’ data show that the downturn has been even more severe than previously thought.  Gross domestic product fell at a seasonally adjusted 1.0% annual rate April through June,...
August 8th, 2009 | BUSINESS | Read More

CHINA STOCKS: Post biggest decline of year

BIGGEST ONE DAY DECLINE China’s main stock index has posted its biggest one-day decline this year, after one firm’s successful share issue raised fears of market overheating. Shares in Shanghai and Hong Kong tumbled on Wednesday as investors snapped up two newly listed mainland construction...
July 30th, 2009 | BUSINESS | Read More