Beijing has high expectations for U.S. President Barack Obama’s economic recovery strategy, but worries remain about the safety of China’s assets in the United States, Premier Wen Jiabao said on Friday
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Could Rising Seas Swallow California’s Coast?
Imagine San Francisco Airport under water, or Long Beach Harbor in Los Angeles, home to the second busiest port in America, washed away. Picture Orange County’s Newport Beach completely submerged under the encroaching ocean. That’s the soggy future that could be in place for California at the end of this century, if climate change continues unabated.
House Dems say no new stimulus in the works
House Democratic aides denied Wednesday that work is already underway on a second stimulus package.
Will a Mark-to-Market Fix Help Save the Banks?
To fix the banks, Washington needs to get toxic assets off their balance sheets. That’s easily said but not so easily done. One reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter
U.S. loosens restrictions regarding Cuba
The $410 billion budget President Obama signed Wednesday will make it easier for U.S. residents to travel to Cuba and to send money to family members on the island. It also could facilitate the sale of agricultural and pharmaceutical products to Cuba
Can Obama Keep Moderate Democrats from Bailing on His Budget?
First there was last winter’s $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks , another $350 billion for the banks, $787 billion in economic stimulus and $410 billion in an earmark-packed spending package for fiscal 2009 that Congress passed on Tuesday. Dizzy
Consumer demand slumps in China
Slumping consumer demand pushed China’s consumer and producer price indices into negative territory in February, state-run media reported Tuesday.
California And Detroit Go To War Over Gas Mileage
For more than three decades Detroit’s Big Three and their allies have successfully blocked or limited changes to the nation’s fuel economy rules.
Why Some Brits Don’t Want a Sir Ted Kennedy
If Gordon Brown expected props back home for being the first European leader to enjoy President Obama’s hospitality at the White House and only the fifth British Prime Minister ever to address Congress, he might have reconsidered the fourth paragraph of that speech. Like a nervous entertainer at a particularly rowdy children’s party, Brown pulled his rabbit out of the hat almost at the start of his act. Her Majesty — Britain’s Queen — had bestowed an honorary knighthood on “Sir Edward Kennedy,” he announced
Obama calls for overhaul of U.S. health care system
President Obama on Thursday called for a comprehensive overhaul of the U.S. health care system, warning that soaring medical costs present "one of the greatest threats not just to the well-being of our families ..