For all of his hopes about bipartisanship, Barack Obama has the most polarized early job approval ratings of any president in the past four decades.
In this report from the International Herald Tribune titled, Barack Obama will face a defiant world on foreign visit ,despite his immense popularity around the world, Mr. Obama will confront resentment over American-style capitalism and resistance to his economic prescriptions when he lands in London on Tuesday for the Group of 20 summit meeting of industrial and emerging market nations plus the European Union.
"Me as a mom, I have to stand up and I have to do what I need to do."
It’s rather easy to create the mood: just paint a dour picture -- perhaps dourer than evidence would support -- then announce and let investors react when economic data are better than expected...
“This crisis was caused by the irrational behaviour of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing.”
The Federal Reserve must be careful about taking on credit risks as it broadens its new consumer lending program, even though a "pretty ugly" economic outlook warrants aggressive action, a top Fed official said on Thursday....
The government is running up record deficits in order to fund an array of plans to provide stimulus to the economy and support to the ailing financial system. Any suggestion that demand for U.S. government debt is weakening would be negative for stocks.
“The sale will kick-start a process of competitive rivalry where today there is no competition at all…
The whopping number has major ramifications for President Barack Obama, who is trying to push through a raft of big-ticket bills on health care, energy, education and climate change — while also attempting to stabilize the swooning economy...
Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Few people attending the World Economic Forum question the need to revive America's economy, the world's largest, with a package that could reach $1 trillion over two years.
Employers have tried to nip and tuck their labor costs by reducing overtime, shortening the workweek and freezing wages, but now, they are reaching for the saw.
Corporate bellwethers in the US and Europe slashed more than 76,000 jobs from their payrolls to confront the deepening economic downturn, marking one of the most brutal days yet for workers on both sides of the Atlantic...
The recession in the UK economy in the three months to September was worse than previously thought, official data out on Tuesday showed, underlining the speed of the downturn…
Actors? you decide:
Fear of a prolonged global recession also helped drive down both crude prices and the yield on U.S. government debt, which hovered near record lows last seen more than five decades ago.
It is probably the most frequently asked question now spanning the globe: When will stock prices stop going down?
