United States

United States
Saturday, December 18th 2010 - 08:55 UTC

Obama signs bipartisan tax-cut bill resisted by hard core Democrats

“The nature of compromise”, according to Obama

United States president Barack Obama signed Friday into law an 858 billion US dollars bill extending for two years Bush-era tax cuts to boost a fragile economy and add jobs.

Thursday, December 16th 2010 - 03:55 UTC

Facebook Mark Zuckerberg is Time’s Person of the year 2010

In spite of success and 600 million users, Mark Zuckerberg leads a fairly low key life

The creator of Facebook, Mark Zuckerberg has been announced as Time magazine’s person of the year 2010, “for changing how we all live our lives in ways that are innovative and even optimistic”.

Wednesday, December 15th 2010 - 04:31 UTC

Fed admits economic recovery too soft to bring down unemployment level

Unemployment remains the Fed and US public opinion main concern

The US economic recovery is still too soft to bring down the country's high level of unemployment, the Federal Reserve warned on Tuesday. The central bank made the comment as it reaffirmed its commitment to continue purchasing 600 billion in bonds to stimulate the economy.

Wednesday, December 8th 2010 - 07:19 UTC

Obama defends tax deal with Republicans: “real money for real people”

Tax cuts will also benefit the wealthy, in spite of Democrats

President Barack Obama said on Tuesday the tentative tax deal he struck with Republicans is a good deal for the American people and a long political fight over tax cuts would have been bad for the US economy.

Tuesday, December 7th 2010 - 18:50 UTC

HSBC sued 9 billion USD by Maddoff’s investment liquidation trustee

Irving Picard: “KMPG twice reported serious risks already known to HSBC”

The trustee for the liquidation of Bernard Madoff's investment firm is suing HSBC for 9 billion USD. Irving Picard, who is seeking to recover funds on behalf of Madoff's victims, is alleging 24 counts of fraud and misconduct against the bank.

Tuesday, December 7th 2010 - 18:46 UTC

US Treasury admits making 12 billion profit with Citigroup rescue package

Tim Massad, acting Assistant Secretary for financial stability

The US Treasury has sold its remaining stake in Citigroup, in a deal which it says will make a 12 billion USD profit on its overall investment. Citigroup was one of the worst victims of the financial crisis, and the US government stepped in with 45 billion bail-out cash in 2008 and 2009.

Tuesday, December 7th 2010 - 08:05 UTC

Brazil and U.S. open-skies agreement; fully operational in 2015

Sao Paulo Guarulhos, one of the most congested airports

Representatives of the United States and Brazil have singed an Open-Skies aviation services agreement which will significantly liberalize U.S.-Brazil air services for airlines of both countries over a transition period, according to the U.S. Department of Transportation (DOT).

Tuesday, December 7th 2010 - 07:43 UTC

Wikileaks and Latin America: Same Old Imperious U.S. Diplomats

by Former Senior Research Fellow Nikolas Kozloff
As more and more documents become available from Wikileaks, the public has gotten a novel and close up view of U.S. diplomats and their operations abroad.

Monday, December 6th 2010 - 05:17 UTC

Federal Reserve names banks that appealed to its emergency loans

Citigroup received 2.2 trillion US dollars

The US Federal Reserve has named the companies that used its emergency loan facilities during the financial crisis and revealed how much they borrowed. Details of more than 21,000 transactions aimed at stabilising financial markets have been posted on the Fed's website.

Friday, December 3rd 2010 - 06:44 UTC

Hillary Clinton rings Cristina Fernandez and apologizes for the cables

When Hillary visited Cristina at the Casa Rosada

United States Secretary of State Hillary Clinton called President Cristina Fernández de Kirchner Thursday afternoon to apologize in relation to the WikiLeaks release of confidential diplomatic documents, including one in which the US Embassy in Buenos Aires is requested to gather information on the personality and mental health of the Argentine leader.

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