Monday, September 6, 2010

9/6 Yahoo! News: Economy News

     
    Yahoo! News: Economy News    
   
Obama launches big week on economy (Reuters)
September 6, 2010 at 1:13 PM
 

U.S. President Barack Obama (L) delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.


   
   
Oil slips to near $74 as US jobless rate rises (AP)
September 6, 2010 at 12:04 PM
 

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Oil prices slipped to near $74 a barrel Monday in Asia as a stubbornly high U.S. unemployment rate undermined confidence in stronger demand for fuel.


   
   
Obama to propose 100 billion tax credit (AFP)
September 6, 2010 at 12:01 PM
 

US President Barack Obama waves after arriving aboard Marine One on the South Lawn of the White House in Washington on September 5, 2010. Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.(AFP/Saul Loeb)AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.


   
   
Quake-hit New Zealand city remains shut (Reuters)
September 6, 2010 at 9:40 AM
 

A resident walks past damaged shops from yesterday's major earthquake in Christchurch September 5, 2010. Strong aftershocks and gale-force winds buffeted a clean-up of New Zealand's second biggest city on Sunday following the country's most damaging earthquake in 80 years. REUTERS/Iain McGregor/The PressReuters - A state of emergency after a 7.1 magnitude earthquake is keeping much of New Zealand's second-biggest city shut on Monday but financial markets have mostly shrugged off the quake as the long-term economic impact is seen limited.


   
   
Diverse water sources key to food security: report (Reuters)
September 6, 2010 at 8:02 AM
 
Reuters - Increasingly erratic rainfall patterns related to climate change pose a major threat to food security and economic growth, water experts said on Monday, arguing for greater investment in water storage.
   
   
Quake-hit New Zealand city remains shut (Reuters)
September 6, 2010 at 7:36 AM
 

A resident walks past damaged shops from yesterday's major earthquake in Christchurch September 5, 2010. Strong aftershocks and gale-force winds buffeted a clean-up of New Zealand's second biggest city on Sunday following the country's most damaging earthquake in 80 years. REUTERS/Iain McGregor/The PressReuters - A state of emergency after a 7.1 magnitude earthquake is keeping much of New Zealand's second-biggest city shut on Monday but financial markets have mostly shrugged off the quake as the long-term economic impact is seen limited.


   
   
What might make the U.S. Fed flinch? (Reuters)
September 6, 2010 at 3:04 AM
 
Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
   
   
Want cheapskates to spend? Hawk gizmos that save (AP)
September 6, 2010 at 2:35 AM
 
AP - How do you get penny pinchers to spend these days? Pitch products that promise to save them money.
   
   
Putting 5 cheapskate accessories to the test (AP)
September 6, 2010 at 2:32 AM
 
AP - Companies are unleashing lots of gadgets to help consumers be more frugal, but are they worth the money?
   
   
Official: Obama backing research tax credits (AP)
September 6, 2010 at 12:23 AM
 
AP - Seeking ways to spur economic growth ahead of the November elections, President Barack Obama will ask Congress to increase and permanently extend research and development tax credits for businesses, a White House official said Sunday.
   
   
Obama to propose permanent research tax credit (Reuters)
September 5, 2010 at 11:55 PM
 

FILE - In this June 30, 2010 file photo, President Barack Obama greets members of the Wisconsin National Guards 128th Air Refueling Wing upon his arrival at Mitchell International airport in Milwaukee, Wis. When President Barack Obama makes his third Wisconsin visit in a little over two months Monday, he will get a chance to shore up his base at a Labor Day rally in a state where his approval ratings are dipping and fellow Democrats face tough re-election bids.  (AP Photo/Jeffrey Phelps, File)Reuters - President Barack Obama will ask the U.S. Congress on Wednesday to increase and permanently extend a tax credit for business research as a way of boosting job growth, an administration official said on Sunday.


   
   
Expiring tax cuts pose dilemma for US lawmakers (AFP)
September 5, 2010 at 11:53 PM
 

The U.S. Capitol building. US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.(AFP/Getty Images/File/Brendan Smialowski)AFP - US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.


   
   
IMF's Lipsky says moderate world recovery underway (Reuters)
September 5, 2010 at 1:07 PM
 

John Lipsky, the International Monetary Fund's first deputy managing director, answers a reporter's question after the meeting of G20 finance and central bank deputies in Gwangju, south of Seoul, September 5, 2010. REUTERS/Lee Jae-WonReuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.


   
   
Obama says his economic policies halted "bleeding" (Reuters)
September 5, 2010 at 10:12 AM
 

President Barack Obama (L) delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.


   
     
 
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