United States

Monday, September 20th 2010 - 23:25 UTC
US high unemployment rates “will persist” for another two years, says OECD

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

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 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.
Wednesday, September 8th 2010 - 01:51 UTC
US “run out of bullets” to stimulate the economy, says Roubini

Influential market commentator and New York University Professor Nouriel Roubini believes the US has ‘run out of bullets’ in its efforts to stimulate the economy and expects it to drag the global economy back into recession.
Friday, September 3rd 2010 - 03:14 UTC
New York skyscrapers “lights-out” project to protect migratory

A growing number of New York sky-scrapers are switching off their lights to help reduce the number of birds hitting the high-rise buildings. The “lights out” project - organised by NYC Audubon - runs until 1 November, when migratory birds are expected to have completed their autumn migrations.
Thursday, September 2nd 2010 - 20:15 UTC
Gulf of Mexico oil/gas production platform catches fire: “no spill” says operator

A well connected to an oil and gas production platform caught on fire in the Gulf of Mexico Thursday, engulfing the vessel in flames about 100 miles off the central coast of Louisiana and forcing 13 people overboard, Gov. Bobby Jindal said.
Thursday, September 2nd 2010 - 06:55 UTC
Minutes confirm Fed ready to purchase more government bonds to prop economy

United States Federal Reserve will buy up more debt if the outlook worsens “appreciably”, minutes from its August meeting have revealed. The central bank preferred to purchase US government bonds, but did not rule out buying further mortgage debts.
Wednesday, September 1st 2010 - 05:37 UTC
US drops investigation into China’s current currency policy

US government has decided to drop a general investigation of China's currency policy, avoiding a major trade dispute. However the department ruled that more than $500m of aluminium imports had been unfairly subsidised. The US will retaliate with duties of up to 137% on the relevant products.
Saturday, August 28th 2010 - 06:53 UTC
US economy slows more sharply that expected in the second quarter

US economic growth slowed more sharply than initially thought in the second quarter, held back by the largest increase in imports in 26 years, a government report showed. GDP expanded at a 1.6% annual rate, the Commerce Department said, instead of 2.4% percent pace it had estimated last month.
Saturday, August 28th 2010 - 06:09 UTC
US economy recovery “softened” but Fed ready to take further steps

Federal Reserve Chairman Ben Bernanke said the economic recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy.