Wednesday, September 8, 2010

9/8 Yahoo! News: Economy News

     
    Yahoo! News: Economy News    
   
Japan's intervention hints fail to stop yen rally (Reuters)
September 8, 2010 at 1:28 PM
 
Reuters - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.
   
   
China-U.S. ties improving, Hu tells White House team (Reuters)
September 8, 2010 at 12:31 PM
 

Picture taken in 2005 shows caged battery hens in a chicken farm outside Minsk. The Dalai Lama has condemned battery hen farming and is urging consumers to switch to buying eggs from chickens kept outside of cages, a statement said Wednesday.(AFP/File/Viktor Drachev)Reuters - China and the United States said on Wednesday that their sometimes rocky relationship is sounder after talks in Beijing, with both putting an optimistic face on ties that have been jolted by economic and security tensions.


   
   
Congress Republicans wary of Obama economy plan (Reuters)
September 8, 2010 at 10:35 AM
 

President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day September 6, 2010. REUTERS/Larry DowningReuters - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.


   
   
Reid blames Bush, Wall Street for sick economy (AP)
September 8, 2010 at 8:42 AM
 
AP - Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him.
   
   
US provides relief for floods in Guatemala (AFP)
September 8, 2010 at 7:29 AM
 

Guatemalan Eva Lopez is seen through the vapor caused by the hot water coming down from the active Pacaya volcano, which along that coming from the overflowing of the Amatitlan lake have flooded her house in the community AFP - The United States said Tuesday it has requested 50,000 dollars in emergency aid for flood-hit Guatemala and reprogrammed another 4.38 million dollars in economic aid for recovery efforts.


   
   
Reid blames Bush, Wall Street for sick economy (AP)
September 8, 2010 at 6:27 AM
 
AP - Senate Majority Leader Harry Reid knows who's to blame for the sickly economy. And it's not him.
   
   
Summary Box: Obama's tax-break plan no fast fix (AP)
September 8, 2010 at 5:48 AM
 
AP - NO QUICK CURE: Even if they were enacted soon, President Barack Obama's proposed tax breaks for businesses would hardly be a fast fix to bolster hiring or the economy, analysts say.
   
   
Interest rates dip at weekly Treasury auction (AP)
September 8, 2010 at 5:18 AM
 
AP - Interest rates on short-term Treasury bills fell in Tuesday's auction to the lowest levels since late June.
   
   
A look at economic developments around the globe (AP)
September 8, 2010 at 4:59 AM
 
AP - A look at economic developments and activity in major stock markets around the world Tuesday:
   
   
Obama's tax-break plan is seen as no quick cure (AP)
September 8, 2010 at 4:56 AM
 
AP - Even if they were enacted soon, President Barack Obama's proposed tax breaks for businesses would hardly be a quick fix to rejuvenate hiring or the economy, analysts say.
   
   
Summary Box: Worried investors turn to gold (AP)
September 8, 2010 at 4:01 AM
 
AP - SEEKING SAFETY: Gold settled at a record high Tuesday as more worries resurfaced about European banks and the global economy.
   
   
Gold settles at record high amid economic fears (AP)
September 8, 2010 at 4:00 AM
 
AP - Gold prices settled at a record high Tuesday following renewed worries about European banks and the global economy.
   
   
Summary Box: Obama to push for business tax breaks (AP)
September 8, 2010 at 3:35 AM
 
AP - NEW MOVES TO AID ECONOMY: President Barack Obama will call on Congress to pass new tax breaks for businesses, a move aimed at spurring more economic growth and job creation.
   
   
Congress Republicans wary of Obama economy plan (Reuters)
September 8, 2010 at 2:55 AM
 

FILE - Chicago Mayor Richard M. Daley, right, talks with then Democratic presidential candidate Sen. Barack Obama, D-Ill., in Chicago. Daley, 68, announced Tuesday, Sept. 7, 2010, that he is not running for re-election. Daley was elected to the state Senate in 1972 and as Cook County state's attorney in 1980. He became Chicago mayor in 1989 when he won a special mayoral election after the death of Mayor Harold Washington.(AP Photo/Charles Rex Arbogast, File)Reuters - Republicans in the Congress showed little willingness to help President Barack Obama approve $350 billion worth of measures to boost the economy with midterm elections less than two months away.


   
   
Ex-budget chief differs with Obama on U.S. tax cuts (Reuters)
September 8, 2010 at 2:19 AM
 
Reuters - Tax cuts should be extended for all Americans to help spur the economy, but even the middle-class cuts should end in two years, former U.S. budget director Peter Orszag said on Tuesday.
   
   
Grim outlook for Democrats puts House up for grabs (AP)
September 8, 2010 at 1:55 AM
 

FILE - In this Aug. 28, 2009 file photo, Rep. Chris Van Hollen, D-Md., speaks in Silver Spring, Md. Their control of the House in peril, Democrats are playing defense all across the country.  (AP Photo/Jacquelyn Martin, File)AP - Their control of the House in peril, Democrats are playing defense all across the country. Disgruntled voters, a sluggish economy and vanishing enthusiasm for President Barack Obama have put 75 seats or more - the vast majority held by Democrats - at risk of changing hands.


   
   
Congress Republicans wary of Obama economy plan (Reuters)
September 8, 2010 at 1:09 AM
 

US President Barack Obama speaks on the economy in the Rose Garden at the White House in Washington, DC, September 3. Obama will mark the ninth anniversary of the September 11 attacks at the Pentagon, and Vice President Joe Biden will be at the World Trade Center site in New York, the White House said Monday.(AFP/File/Saul Loeb)Reuters - Republicans in Congress showed little willingness to help President Barack Obama approve $350 billion worth of measures to boost the economy with midterm elections less than two months away.


   
   
NY AG Cuomo strikes student credit-card reform agreement (Reuters)
September 8, 2010 at 12:59 AM
 
Reuters - The State University of New York has adopted new practices to help prevent students from falling victim to deceptive credit card marketing that can burden them with too much debt in tough economic times.
   
   
London gridlock as transport strike brings chaos (Reuters)
September 8, 2010 at 12:47 AM
 

Commuters are reflected in the window of a bus as they queue during a strike by underground transit workers, outside Liverpool Street rail station in London September 7, 2010. Millions of commuters across the British capital struggled to get to work on Tuesday as a 24-hour strike by workers on London's underground rail system crippled much of the network. REUTERS/Chris HelgrenReuters - Millions of commuters across the British capital struggled to get to work on Tuesday as a 24-hour strike by workers on London's underground rail system crippled much of the network, hurting the city's convalescent economy. Passengers took to bikes, buses, walked, or made use of extra boat services on the River Thames that runs through the city in a bid to beat the stoppage, called in protest at 800 job cuts driven by austerity measures.


   
   
Cuba to expand use of employee-run cooperatives (Reuters)
September 7, 2010 at 11:47 PM
 

A woman walks past graffiti on a wall that reads Reuters - Cuba will soon turn some small-scale manufacturing and retail services into cooperatives as the state retreats from minor businesses in an effort to boost the island's troubled economy, government and Communist Party sources said.


   
   
Republicans could handle US economy better: poll (AFP)
September 7, 2010 at 9:31 PM
 

The American flag flying next to the US Capitol dome in Washington, DC. A new national poll released on Tuesday revealed that Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats.(AFP/File/Karen Bleier)AFP - Republicans in the US Congress may be able to handle the country's struggling economy better than President Barack Obama's fellow Democrats, according to a new national poll released Tuesday.


   
   
U.S. companies cut more aggressively in downturn (Reuters)
September 7, 2010 at 9:09 PM
 
Reuters - U.S. employers were more aggressive about cutting jobs and otherwise lowering costs during the recession than their peers in other parts of the world, according to a global study by Towers Watson and Co , a global consultancy and professional services firm.
   
   
Official: Obama to back more business tax breaks (AP)
September 7, 2010 at 8:09 PM
 

President Barack Obama speaks on the economy at the Milwaukee Laborfest in Milwaukee, Monday, Sept. 6, 2010. (AP Photo/Pablo Martinez Monsivais)AP - President Barack Obama will call on Congress to pass new tax breaks that would allow businesses to write off 100 percent of their new capital investments through 2011, the latest in a series of proposals the White House is rolling out in hopes of showing action on the economy ahead of the November elections.


   
   
AP analysis: Economic pain failed to ease in July (AP)
September 7, 2010 at 7:02 PM
 
AP - Americans' economic struggles persisted in July, largely unchanged from the previous month, according to The Associated Press' monthly analysis of conditions around the country.
   
   
Samsung warns DRAM oversupply on weak PC sales (Reuters)
September 7, 2010 at 7:00 PM
 
Reuters - Samsung Electronics, the world's top memory chipmaker, warned of an oversupply in the computer memory chip market from next quarter as a sputtering global economy may further weaken PC sales.
   
   
20 most stressed, 20 least stressed counties (AP)
September 7, 2010 at 6:59 PM
 
AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their July 2010 Stress scores, according to The Associated Press Economic Stress Index:
   
   
As Democrats fear rout, Obama launches jobs push (AFP)
September 7, 2010 at 5:16 PM
 

US President Barack Obama makes remarks on the economy at the Milwaukee Laborfest in Milwaukee, Wisconsin. Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.(AFP/Tim Sloan)AFP - US President Barack Obama has pledged 50 billion dollars to create jobs in a massive transportation infrastructure campaign, targeting huge unemployment and ripping resurgent Republicans.


   
     
 
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