Leaders representing 85 percent of the world’s economic output were gathering Thursday in a U.S. city that has reinvented itself, hoping to bolster the global economy
Tag Archives: stimulus
Bank sees Asia leading global recovery
Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank. In a dramatic contrast to its view in March, when it slashed 2009 growth forecasts for Asia excluding Japan from 7.2 per cent to 3.4 per cent, the ADB on Tuesday said the region would grow more strongly than expected both this year and in 2010.
Senate bracing for a ‘hard slog’ on stimulus bill
Democrats admit it’s going to be a tough fight to get President Obama’s economic stimulus plan passed with bipartisan support, but they are optimistic it can be done. On Thursday night, Senate Majority Leader Harry Reid, D-Nevada, said it is going to be a “long, hard slog” with “late nights” after the $900 billion bill comes to the Senate floor Monday night
Borger: Obama tries to reset the table
Even a popular president who still seems to enjoy the general goodwill of the American public can have a bad week. WASHINGTON (CNN) — Even a popular president who still seems to enjoy the general goodwill of the American public can have a bad week
Commentary: Obama’s moment of truth
On Wednesday, President Obama will make the most important speech of his presidency. We hear this phrase so much that it has become a clich
Rapper Ludacris, dealership give away 20 cars to drivers in need
Jobless for nearly a year, Michael Rivers was about to walk out of his house a few weeks ago to catch the bus for another daylong employment hunt when a radio announcement stopped him. “This is Ludacris, and I’m giving away 20 free cars.
Brown: No room for ‘economic complacency’
British Prime Minister Gordon Brown has told a meeting of G-20 finance ministers in London that there is no room for “economic complacency” despite signs of a nascent global recovery.
Geithner: Stimulus efforts to continue until ‘recovery in place’
The consensus by the G-20 ministers not to cut back on stimulus efforts yet will ensure that countries don’t revert to fiscal restraint too soon, U.S.
Unemployment Falls, but Long-Term Joblessness Remains a Concern
For all the relief over the jobless figures released by the Bureau of Labor Statistics Friday morning — 247,000 jobs were lost in July, far fewer than economists had expected — a dark problem lurks in the numbers: dangerously high levels of long-term unemployment in America.
Top adviser says stimulus is preventing economy’s free fall
White House economic adviser Christina Romer declared the president’s stimulus plan "absolutely" is working to slow the economy’s decline, though she still held open the possibility of a second stimulus package a few months down the road.