United States
United StatesRepublican landslide in the House; Democrats barely manage to retain Senate
Voter dissatisfaction with the United States economy has given Republicans an anticipated but equally stunning advance in Congress winning a majority control of the U.S. House of Representatives, while Democrats retained their majority in the Senate.
China offers to finance US infrastructure and help create jobs
China’s sovereign wealth fund has urged the Obama administration to spend 1trillion US dollars on infrastructure over the next five years, to create jobs and improve US competitiveness.
Republicans promise a “political earthquake” in Tuesday’s mid term election
Candidates across the United States launched a frantic final push for support, and President Barack Obama ended a two-day campaign swing designed to pump up Democratic turnout less than 48 hours before Americans begin to cast their ballots.
US economy growing again but not enough to quell frustration about jobs
The United States economy is growing but not enough to help with jobs. The US Commerce Department says GDP grew 2%, at an annual rate, between July and September - a slight increase from the previous quarter.
Bed bugs that have infested New York City take over the UN building
The dreaded bed bugs (mites) that have infested New York City have spread to the United Nations landmark headquarters building, reports Foreign Policy.
US Treasury bonds fetch negative yield ahead of Fed’s actions to prop inflation
US Treasury Department sold securities that fetched a negative yield for the first time, implying investors are willing to pay the government to own its debt. This is a milestone in the current rock-bottom interest rate environment, as the Federal Reserve is widely expected next week to announce it will buy more Treasuries to jump-start a sluggish economy.
US says China is “committed” to allow the Yuan to appreciate
United States Treasury Secretary Timothy Geithner has said he believes China is now “committed” to allowing the Yuan to go up in value. Mr Geithner made the comment in a TV interview before he held talks with China's Vice-Premier, Wang Qishan.
California voters support undocumented immigrants as “advantageous”
California voters have an overall positive opinion about immigrants and support those undocumented aliens who have been working in the state for years should be able to remain and go on with their lives.
Geithner promises Brazil it won’t allow the US dollar to weaken
US Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega that the Obama administration won’t allow the US dollar to weaken, Mantega said.
Prime farmland in Argentina costs almost as much as in United States
Prices for the best farmland in Argentina’s breadbasket, the humid Pampa have risen on average 10% this year according to registered operations reports. This means the hectare of prime agriculture land in Argentina now costs almost the same as the average price of farmland in the state of Illinois, 14.000 US dollars.
