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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.
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.
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
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.
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.
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%.
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.
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.
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.
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.