Since it is clear to most Americans at this point that America’s continued presence in the Middle East in both Iraq and Afghanistan is not at all primarily as a response and defensive mission with respect to the attacks on this country by Osama bin Laden and the Taliban in September 2001, but for purely economic […]
China stimulus push world stock market up
China may spend more money to keep its economic growth plans on track. Wen Jiabao the Chinese premier hinted that China was prepared to increase its existing 4 trillion yuan (£420bn) stimulus plan. The share markets were cheered by this comments, investors welcomed the prospect. Wen said,"We have prepared enough ammunition and we can launch […]
Obama’s Foreclosure Rescue Too Little, Too Late For Most
President Obama unveiled his massive program in order to assist homeowners now in threat of foreclosure throughout the nation. There is only one difficulty with all the bells and whistles both he and the media have attempted to place on this "rescue." Simply a case of too little, too late. The American public by and […]
List of Recipients of AIG Bailout Sums Raises More Questions
Below is a listing of prepared by AIG for the Department of the Treasury prior to it’s recent request for additional sums in order to cover 2008 fourth quarter losses. These financial institutions were apparently heavily invested in AIG and were recipients of some of the over 170 billion that thus far has been thrown […]
Could ‘Class Warfare’ Argument Be Born From Obama’s Budget Plan?
Ever since taking the mantle of the United States President, Barack Obama has laid out hefty plans for the country. Mainly, Obama has been focusing on the state of the economy. As the new US President Obama has faced with many domestic and international problems. Obama’s plans are nothing less than very ambitious. Perhaps a […]
Citi Seeking More Federal Aid
Citigroup executives have approached federal regulators to discuss steps the government could take to strengthen the troubled company, according to two people familiar with the matter. The giant New York bank is under mounting pressure to convince investors that it can survive its financial problems. The government already has invested $45 billion in Citigroup and […]
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