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Spearheaded by Brazil Foundation President Leona Forman, and the event’s Chair, advertising executive Nizan Guanaes, a stellar gathering of over 500 Brazilian leaders in banking, fashion and infrastructure industries reached into their purses and donated over US$2.4 million dollars for Brazil Foundation’s efforts to support nonprofit organizations that provide opportunities for poor and marginalized communities across Brazil.
The income gap between the richest and poorest in United States grew last year to the widest amount on record as young adults — and children in particular — struggled to stay afloat in the recession.
President Barack Obama has told the UN a revamped US foreign aid policy will help lift nations out of poverty by focusing on good governance and encouraging trade and investment.
The US Treasury Department official in charge of overseeing the government's Troubled Asset Relief Program (Tarp) is stepping down. Herb Allison said that he was resigning now that the US bail-out programme was winding down.
Admitting that employment and output recovery has slowed down in recent months, the US Federal Reserve said on Tuesday that it is prepared to provide additional accommodation if needed to support the economic recovery and to return inflation, over time, to levels consistent with its mandate.
Florida State wildlife officials were called to the world's largest cruise ship, Royal Caribbean's Oasis of the Seas, to deal with a little stowaway – a burrowing owl.
The United States recession lasted 18 months and was the most prolonged since World War II, a report has concluded. The National Bureau of Economic Research said the recovery began in June 2009, with recession having begun in 2007.
Recovery in the United States is under way but at such a moderate pace that painfully high unemployment rates will persist for some time, the Organization for Economic Cooperation and Development said on Monday
The poverty rate in the United States rose for the third straight year, reading 14.3% in 2009 (one in seven), up from 13.2% a year earlier. More than 43 million people are living in poverty and almost 51 million have no health insurance coverage.
Chairman and publisher of the New York Times Arthur Sulzberger delivered a speech within the framework of a newsroom gathering summit in London and tackled the rumours of the newspaper going out of print by 2015.