United States
United StatesOver-supply of homes hindering US economic recovery says Obama
President Barack Obama has said an over-supply of homes is hindering the US economic recovery. Obama also said the US had to find a way to curb its budget deficit without further slowing economic growth.
U.S. Dollar Direction In 2nd Half of 2010
The last two years have been quite volatile in financial markets. First, in the fall of 2008, it appeared that the entire global economic system was headed toward inevitable destruction as US financial institutions Bear Stearns, Fannie Mae & Freddie Mac, and Lehman Brothers all collapsed in September of ’08.
Mexican billionaire buys 44 million USD townhome in New York
Mexican billionaire Carlos Slim real estate firm paid 44 million US dollars for a town-home on Manhattan’s Fifth Avenue, adding to his property holdings in New York.
Hillary Clinton praises Argentina for its role in helping consolidate peace
Argentine Foreign Affairs Minister Héctor Timerman and US Secretary of State, Hillary Clinton, met at the US Department of State Wednesday on what was the second and final day of the minister's diplomatic trip to Washington, DC
New York Fed will buy 18 billion of Treasury debt in nine operations
The New York Federal Reserve announced Wednesday it will buy about 18 billion US dollars of Treasury debt in nine operations from August 17 through September 13.
Timerman meets Hillary Clinton to elaborate bilateral and regional agenda
Argentine Foreign Affairs Minister Héctor Timerman is travelling to Washington for a series of meetings with several of US President Barack Obama's advisors in relation to regional, economic and nuclear issues in Latin America.
Fed admits modest US recovery and will buy long term government debt
The US Federal Reserve announced Tuesday steps to boost economic recovery and will be using proceeds from its investments in mortgage securities to buy longer-term government debt. The Fed also kept interest rates unchanged at between zero and 0.25%.
Featured Analysis
To spend or not to spend: Is that the main question?
The debate over fiscal policy has reached a fork in the road. One way leads to maintaining or increasing the fiscal stimulus. This column argues that policymakers should take the other path. This would mean phasing out government expenditure while phasing in social protection programmes at the risk of a double-dip recession but potentially resulting in a more vibrant economy.
Employment in US down; fears about strength of economic recovery
Employment in the United States fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anaemic economic recovery.
Obama administration wants to end Bush era tax cuts for the rich
The George Bush administration's “misguided” policies are to blame for huge US budget deficits, Treasury Secretary Timothy Geithner charged as he sought to build an election-year case for ending tax cuts for the wealthiest US citizens.
