United States

United States
Saturday, January 23rd 2010 - 15:21 UTC

Cuba and US work together to preserve Hemingway’s heritage

Finca Vigia, the US writer’s home-turned-museum on the island

Cuban and US cultural institutions plan to keep working together to preserve the documents that belonged to Ernest Hemingway and are kept at Finca Vigia, the US writer’s home-turned-museum on the island, state media reported.

Friday, January 22nd 2010 - 14:53 UTC

Stock markets fall sharply in response to Obama’s bank reform proposal

Obama said he was ready for a fight with the big banks but insisted: “never again will the American taxpayer be held hostage by banks that are too big to fail”.

World stock markets have fallen sharply in response to far-reaching plans by US President Barack Obama to curb the activities of the biggest US banks. The Dow Jones closed down 2%, its worst fall since October, while Japan's Nikkei closed at a three-week low.

Thursday, January 21st 2010 - 07:03 UTC

New ball game in the US senate: Obama looses “super-majority”

Massachusetts sends to Congress a Republican to replace Ted Kennedy

US President Barack Obama called on Democratic lawmakers not to try to “jam” health-care legislation through Congress before newly elected Republican Senator Scott Brown is seated. The election of Senator Brown means the end of Obama’s “super majority” in the Upper House and comes on the first anniversary of the presidential inauguration.

Friday, January 15th 2010 - 09:45 UTC

One out of three US adults are obese and 17% of children age 2 to 19

The report from the Centers for Disease Control and Prevention was published by the Journal of the American Medical Association.

Obesity rates in the United States are still sky-high, but for the moment they appear to have stopped climbing higher, according to new data released by the Centers for Disease Control and Prevention.

Friday, January 15th 2010 - 06:37 UTC

Judge Griesa lifts freeze on Argentine funds to help with planned “debt swap”

New York State Judge Thomas Griesa

A New York State Judge lifted a freeze on Argentine Central Bank accounts held in the US Federal Reserve, Argentina's Finance secretary told reporters on Thursday. The freeze has been imposed on request from investors holding defaulted Argentine sovereign bonds.

Friday, January 15th 2010 - 06:09 UTC

Obama to slap 117 billion USD levy on banks to repay for bail outs

Obama criticized Wall Street’s “massive profits and obscene bonuses” and promised to recover “every single dime the American people are owed”

President Barack Obama has said Wall Street must repay 117 billion US dollars to taxpayers and criticised banks for “massive profits and obscene bonuses”. The tax is to recoup money US taxpayers are expected to lose from bailing out the banks during the financial crisis.

Thursday, January 14th 2010 - 11:54 UTC

No end on sight to US budget deficit: one trillion USD in fiscal 2010

The once all mighty US dollar rapidly eroding

United States registered its largest December budget deficit on record as higher unemployment reduced revenue and the government spent money to help the economy recover.

Wednesday, January 13th 2010 - 12:16 UTC

Argentine central bank reserves dispute adds another player: New York Judge

Judge Thomas Griesa placed an embargo on Argentine Central Banks accounts in the US

Argentina’s central bank reserves dispute suffered an expected escalation when on Tuesday Judge Thomas Griesa from New York State placed an embargo on Argentine central bank accounts held in the United States, following a lawsuit filed by investment funds (or “vulture funds”).

Wednesday, January 13th 2010 - 08:12 UTC

US trade deficit jumps 10% and exports grow for seventh month running

Commerce Secretary Gary Locke said November data was “a welcome sign of economic growth”

The United States trade deficit shot up nearly 10% to 36.4 billion US dollars in November, hitting a 10-month high, the Department of Commerce said on Tuesday. Demand for imports is growing, as the US economy slowly gets back on its feet.

Monday, January 11th 2010 - 12:41 UTC

Budget emergency and draconian spending cuts in California

Insurmountable challenges for “Terminator” Arnold Schwarzenegger

The governor of California, Arnold Schwarzenegger, has unveiled deep spending cuts aimed at containing the state's 20 billion US dollars budget deficit. Spending on health, welfare, transport and the environment is to be reduced.

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