United States Under Secretary of State for Public Diplomacy and Public Affairs Judith A. McHale will travel to Argentina, Uruguay, and Chile August 24 - September 2, her first visit to the region since been nominated to the post.
Claims for United States jobless benefits jumped to the highest level since November and Philadelphia-area manufacturing shrank for the first time in a year, indicating the US economy may be slowing faster than forecast.
President Barack Obama has said an over-supply of homes is hindering the US economic recovery. Obama also said the US had to find a way to curb its budget deficit without further slowing economic growth.
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.