economic in the News

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Thu, 08 Jan 2009 16:36:27 -0500

Obama pushes stimulus, warns on recession
WASHINGTON (Reuters) - President-elect Barack Obama warned on Thursday that the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan.

Thu, 08 Jan 2009 17:32:15 -0500

Citi backs Senate mortgage bankruptcy reform: senators
WASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a controversial rewrite of U.S. bankruptcy law aimed at helping troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.

Thu, 08 Jan 2009 17:31:26 -0500

Israel faces criticism as Gaza toll hits 765
GAZA (Reuters) - Recovery teams ventured into battlegrounds of the Gaza Strip on Thursday to gather bodies from the rubble, and Hamas officials said the Palestinian toll in Israel's 13 day-old offensive rose to 765 dead.

Thu, 08 Jan 2009 17:24:06 -0500

Wal-Mart and other retailers warn after weak December
CHICAGO (Reuters) - Wal-Mart Stores Inc and other top U.S. retailers delivered disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.

Thu, 08 Jan 2009 17:26:48 -0500

Madoff had $173 million in checks ready, U.S. says
NEW YORK (Reuters) - Accused swindler Bernard Madoff had signed checks totaling more than $173 million in his office desk ready to be sent out before his arrest, U.S. prosecutors said in court papers on Thursday asking a judge to jail him.

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Thu, 08 Jan 2009 20:45:00 GMT

Dismal December sales add to retailer woes - MSNBC
NEW YORK - December retail sales were so dismal that even mighty Wal-Mart fell short, making it all but certain it was the worst holiday season in four decades. The malaise cut through practically all areas, from kitchen gadget stores to apparel ...
Thu, 08 Jan 2009 17:46:00 GMT

Cheney Says Obama Should Keep Terror Polices - Common Dreams
WASHINGTON - Vice President Dick Cheney said Wednesday it would be a mistake for President-elect Barack Obama to scrap the Bush administration's terrorist-fighting policies designed to prevent future attacks on the U.S. "It would be a tragedy if they ...
Thu, 08 Jan 2009 19:26:00 GMT

Obama plans to overhaul counterterrorism - MSNBC
WASHINGTON - President-elect Barack Obama is laying plans to dissolve a White House security panel created in the wake of 9/11 and restructure counterterrorism policy under intelligence veteran John Brennan. The White House Homeland Security Council ...
Thu, 08 Jan 2009 21:35:00 GMT

EU, Russia strike deal on monitoring gas flow through Ukraine, - Chicago Tribune
BRUSSELS, Belgium (AP) — The European Union said Thursday that gas supplies should restart after it struck a deal with Russia on supervising the flow of gas through Ukraine. Russia cut off natural gas supplies to Europe on Tuesday during freezing ...
Thu, 08 Jan 2009 19:55:00 GMT

FACTBOX: Emerging Gaza ceasefire plan - Reuters
(Reuters) - Israel, Hamas and Palestinian President Mahmoud Abbas have entered talks with Egypt to try to iron out the terms of a ceasefire in the Gaza Strip. Western diplomats predicted a difficult negotiation ahead. Israel is seeking international ...

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Thu, 08 Jan 2009 22:43:50 GMT

Obama pushes stimulus
President-elect Barack Obama sought to rally support on Thursday for a massive fiscal stimulus package by warning that the United States could remain mired in recession for years without bold action.
Thu, 08 Jan 2009 22:43:20 GMT

Homely Doesn't Have to Mean Ugly
Homely Doesn't Have to Mean Ugly By Leslie Stevens Monitoring fees have deceased, credit is tight, new home construction has slowed, people are losing their homes, disposable income has disappeared, Tweeter has ...
Thu, 08 Jan 2009 22:43:15 GMT

Sony unveils flexi-video screen, movie glasses at CES
Sony Corp introduced on Thursday a bendable video screen, a Wi-Fi camera and eyeglasses that display movies, saying the industry must keep innovating in the midst of a severe economic slump.
Thu, 08 Jan 2009 22:43:13 GMT

Economic stimulus: now or later?
Obama has said that while there is no time to waste in passing an economic stimulus package, it will take many years for America to fully recover from the current crisis.
Thu, 08 Jan 2009 22:43:03 GMT

A Military Dictatorship Coming To America?
Puppet-president Barack Obama has appointed 3 four star military officers to his cabinet since his election on November 4, 2008.

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