United States

Saturday, February 6th 2010 - 12:18 UTC
Atlas Air Flight 46 Drops Wing Cover On Approach To MIA

While on a one mile final approach descent to Miami International Airport, an Atlas Air Flight 46, a Boeing 747, had a structural separation of a wing actuator fairing cover that fell onto the parking lot at the International Mall of Americas in Miami, Florida on Friday midday. Flight 46 was a cargo flight out of Santiago, Chile.
Friday, February 5th 2010 - 02:45 UTC
Bernanke reaffirms Fed’s independence to ensure public confidence and stability

“The US Federal Reserve has been granted, both in law and in political tradition, considerable independence and autonomy. That independence serves important public objectives. Critically, it allows the Federal Open Market Committee to make monetary policy in the longer-term economic interests of the American people, rather than in the service of short-term political imperatives”.
Thursday, February 4th 2010 - 17:09 UTC
US academic wants banks barred from gambling on world markets

A leading US academic who has been praised by the head of the Bank of England has called for banks to be barred from gambling on the world markets. Speaking on Jeff Randall Live, Professor Laurence Kotlikoff argued that the days of casino banking should be ended for good.
Thursday, February 4th 2010 - 16:24 UTC
Currency unions do not survive “without fiscal and political union”

The New York University professor who anticipated the financial crisis cautioned about the Greek situation and the Euro zone saying history indicates that no currency union has survived without a strong fiscal and political union.
Tuesday, February 2nd 2010 - 04:50 UTC
Obama budget proposal has record deficit of almost 11% of GDP

United States President Obama's new budget proposal is set to leave the US with a record-breaking deficit of 1.56 trillion US dollars. The figure is almost 11% of the country’s GDP. Economists generally consider annual deficits of more than 3% to be unsustainable.
Saturday, January 30th 2010 - 08:21 UTC
US economy rebounds 5.7% in last quarter but overall 2009 was down 2.4%

The world's largest economy is back in business after growing 5.7% at the end of last year, smashing all expectations. It was the quickest pace of economic expansion in the United States for six years.
Friday, January 29th 2010 - 22:54 UTC
Around the world of music in one night, where the Latinos took front stage!

GlobalFEST, an annual world music festival held every January in New York City is a smashing night of musical discovery where artists from all over the world springboard themselves into the world music scene in New York.
Friday, January 29th 2010 - 11:59 UTC
Bernanke reappointed but “Main Street America” is not satisfied

Ben Bernanke has been approved to serve a second four-year term as chairman of the US Federal Reserve, the country's powerful central bank. The US Senate voted 70-30 in favour of Mr Bernanke, handing him the narrowest victory margin in decades.
Friday, January 29th 2010 - 01:52 UTC
Obama promises jobs and admits a “deficit of trust” by the US people

US president Barack Obama promised to make job creation his top priority as he made his first State of the Union address. Obama forecast the creation of 1.5 million jobs through the 'stimulus bill' in the nationally televised speech Wednesday evening to a joint session of Congress.
Thursday, January 28th 2010 - 14:09 UTC
NASA surveillance flights to anticipate quakes in Haiti

US space agency NASA will send surveillance flights over Haiti and the Dominican Republic to look for signs that more earthquakes may hit the area after a giant quake that killed as many as 200,000 people two weeks ago.