United States

United States
Monday, August 16th 2010 - 18:56 UTC

U.S. Dollar Direction In 2nd Half of 2010

The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.

Saturday, August 14th 2010 - 07:50 UTC

Mexican billionaire buys 44 million USD townhome in New York

Just across from the Met, the style is French neo-classic

Mexican billionaire Carlos Slim real estate firm paid 44 million US dollars for a town-home on Manhattan’s Fifth Avenue, adding to his property holdings in New York.

Thursday, August 12th 2010 - 04:30 UTC

Hillary Clinton praises Argentina for its role in helping consolidate peace

H. Timerman with Hillary at the State Department

Argentine Foreign Affairs Minister Héctor Timerman and US Secretary of State, Hillary Clinton, met at the US Department of State Wednesday on what was the second and final day of the minister's diplomatic trip to Washington, DC

Thursday, August 12th 2010 - 00:20 UTC

New York Fed will buy 18 billion of Treasury debt in nine operations

Fed admitted it expects more modest growth than anticipated

The New York Federal Reserve announced Wednesday it will buy about 18 billion US dollars of Treasury debt in nine operations from August 17 through September 13.

Wednesday, August 11th 2010 - 06:43 UTC

Timerman meets Hillary Clinton to elaborate bilateral and regional agenda

Argentine Foreign Affairs minister Hector Timerman

Argentine Foreign Affairs Minister Héctor Timerman is travelling to Washington for a series of meetings with several of US President Barack Obama's advisors in relation to regional, economic and nuclear issues in Latin America.

Wednesday, August 11th 2010 - 06:19 UTC

Fed admits modest US recovery and will buy long term government debt

Fed chief Ben Bernanke concerned with high unemployment and deflation

The US Federal Reserve announced Tuesday steps to boost economic recovery and will be using proceeds from its investments in mortgage securities to buy longer-term government debt. The Fed also kept interest rates unchanged at between zero and 0.25%.

Monday, August 9th 2010 - 07:36 UTC

To spend or not to spend: Is that the main question?

The debate over fiscal policy has reached a fork in the road. One way leads to maintaining or increasing the fiscal stimulus. This column argues that policymakers should take the other path. This would mean phasing out government expenditure while phasing in social protection programmes at the risk of a double-dip recession but potentially resulting in a more vibrant economy.

Saturday, August 7th 2010 - 06:03 UTC

Employment in US down; fears about strength of economic recovery

Unease over health of the economy is weighing on President Obama's popularity

Employment in the United States fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anaemic economic recovery.

Thursday, August 5th 2010 - 09:09 UTC

Obama administration wants to end Bush era tax cuts for the rich

The Obama administration and 44% of registered voters concerned with the federal deficit

The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.

Saturday, July 31st 2010 - 05:35 UTC

US second quarter growth down to an annual 2.4%, from a previous 3.7%

White House economic advisor Christine Romer

United States economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department announced Friday. This compares with an annual rate of 3.7% in the previous quarter.

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