Tuesday, September 7, 2010

9/7 Yahoo! News: Economy News

     
    Yahoo! News: Economy News    
   
Strong yuan would hurt China: economists (Reuters)
September 7, 2010 at 12:43 PM
 
Reuters - China must resist external pressure for yuan appreciation because a stronger exchange rate would take a big bite out of economic growth, according to a pair of senior government researchers.
   
   
Oil falls near $74 as traders look to US economy (AP)
September 7, 2010 at 12:16 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 fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S economy and demand for crude.


   
   
Obama assails GOP, promotes new jobs program (AP)
September 7, 2010 at 10:14 AM
 

President Barack Obama speaks on the economy at the Milwaukee Laborfest in Milwaukee, Monday, Sept. 6, 2010. (AP Photo/Pablo Martinez Monsivais)AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.


   
   
Obama to propose plant, equipment tax write-off (Reuters)
September 7, 2010 at 9:27 AM
 
Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday.
   
   
(AP)
September 7, 2010 at 3:28 AM
 
AP - President Obama says rewarding greed, recklessness, special interests won't fix economy.
   
   
Greeting card giant Hallmark heads for 2nd century (AP)
September 7, 2010 at 1:49 AM
 

Rich LaPierre, a Hallmark Cards Inc. designer for the Peanuts line, works on artwork during a 100-year anniversary reception at the company's headquarter Tuesday, July 20, 2010, in Kansas City, Mo. Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.   (AP Photo/Ed Zurga)AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.


   
   
Fed should not set limit on economy aid: Kohn (Reuters)
September 7, 2010 at 12:48 AM
 
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
   
   
Obama calling for more infrastructure spending (AP)
September 6, 2010 at 11:24 PM
 

US President Barack Obama visits neighbors in the backyard of the Weithman family in Columbus, Ohio, August 18. Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.(AFP/Getty Images/File/Mike Munden)AP - President Barack Obama is asking Congress to approve at least $50 billion in long-term investments in the nation's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy.


   
   
Obama unveils huge jobs and infrastructure plan (AFP)
September 6, 2010 at 11:08 PM
 

Construction workers move a piece of concrete during work on the Exposition Light Rail Transit Line that will connect downtown Los Angeles and Culver City in Los Angeles, July 2010. US President Barack Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.(AFP/Getty Images/File/Kevork Djansezian)AFP - US President Barack Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.


   
   
World stocks gain, dollar falls (AFP)
September 6, 2010 at 8:06 PM
 

Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.(AFP/File/Shaun Curry)AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.


   
   
Labor secretary: Obama doing good job on economy (AP)
September 6, 2010 at 7:36 PM
 
AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.
   
   
China Inc gets new chairman as state-owned firms' clout grows (Reuters)
September 6, 2010 at 6:30 PM
 
Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.
   
   
Obama to launch political offensive on economy (AFP)
September 6, 2010 at 5:42 PM
 

US President Barack Obama -- seen here on September 5 -- is to travel to the Midwestern US state of Wisconsin as part of a broad effort to stem ebbing political support over the slowing economic recovery.(AFP/Saul Loeb)AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.


   
   
Aftershocks rattle quake-hit NZ city (Reuters)
September 6, 2010 at 3:47 PM
 

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 - Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years.


   
     
 
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