United States

United States
Sunday, October 3rd 2010 - 13:29 UTC

Brazil Foundation New York Joins the “New Brazil”

Leona Forman is the founding President and CEO of the Brazil Foundation

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.

Wednesday, September 29th 2010 - 04:27 UTC

Record gap between the richest and poorest in the US, according to Census

The top 20% received 49.4% of all income generated

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.

Thursday, September 23rd 2010 - 04:56 UTC

Obama promises to revamp US foreign policy; helping poor countries is “national interest”

The US president addressing the UN summit on the Millennium Development Goals

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.

Thursday, September 23rd 2010 - 02:01 UTC

Head of the US 700 billion USD bail-out program steps down

Herbert Allison head of the Troubled Asset Relief Program (Tarp)

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.

Wednesday, September 22nd 2010 - 07:35 UTC

Fed anticipates modest US growth and is prepared to provide further support

FOMC member Thomas M Hoeing is concerned about future imbalances and long term growth

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.

Wednesday, September 22nd 2010 - 03:12 UTC

Stowaway owl in the world’s largest cruise vessel returned to its habitat

The burrowing owl was trying to nest in “Oasis of the Seas” golf course

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.

Tuesday, September 21st 2010 - 02:27 UTC

The US “Great Recession” officially ended June 2009, says top think-tank

President Obama admits it’s no solace for the millions of unemployed

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.

Monday, September 20th 2010 - 23:25 UTC

US high unemployment rates “will persist” for another two years, says OECD

Long queues to collect the unemployment cheque

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

Thursday, September 16th 2010 - 22:57 UTC

Poverty rate and number of millionaires in the US soaring

43 million poor, 51 with no health insurance and 5.6 millionaire households

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.

Friday, September 10th 2010 - 03:27 UTC

New York Times going out of print “sometime in the future”

Chairman and publisher Arthur Sulzberger

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.

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