Tag archive for ‘obama’
By Adrian Santana On Thursday, April 30th, 2009

US automaker Chrysler files for bankruptcy

U.S. President Barack Obama announced that America’s third-largest automaker, Chrysler, will file for bankruptcy. The automaker will continue to operate and merge with Italian car maker Fiat. “This is not More...

By Adrian Santana On Thursday, April 16th, 2009

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The More...

By Adrian Santana On Tuesday, April 14th, 2009

Obama Sees “Glimmers of Hope and Signs of Progress”

President Obama said Friday, that there were “glimmers of hope” for the economy but warned that substantial, potentially difficult government action was still necessary to ensure a healthy recovery. “The More...

By Adrian Santana On Tuesday, March 31st, 2009

Obama makes ultimatum to automakers GM and Chrysler

U.S. President Barack Obama took a hard stance on Monday towards automakers, giving General Motors 60 days to come up with a viable restructuring plan, and Chrysler 30 days. If the companies fail to meet this ultimatum, More...

By Adrian Santana On Thursday, March 26th, 2009

EU presidency: US stimulus is “the road to hell”

Czech Prime Minister, Mirek Topolanek, has labelled the US fiscal stimulus package of the Obama administration as “a way to hell”. Topolanek told the European Parliamnet, on Wednesday, that the US financial More...

By Adrian Santana On Thursday, March 12th, 2009

US foreclosures rise 30 percent in February

U.S. home foreclosures took a steep 30 per cent rise in February compared to February 2008. The increase in foreclosure filings in February jumped nearly 6% from January. One in every 440 households with loans drew More...

By Adrian Santana On Tuesday, March 3rd, 2009

Brown holds talks with Barack Obama

British Prime Minister will hold talks today with U.S. President Barach Obama at the White House in an attempt to convinvce the American President that the US needs to back his plan to reform international financial More...

By Adrian Santana On Sunday, February 22nd, 2009

14,000 losing healthcare coverage per day

According to a recent report by the Center for American Progress, an estimated 4 million additional Americans have lost their health insurance and 2 million have become uninsured since the recession began. The recent More...

By Adrian Santana On Sunday, February 22nd, 2009

Obama aims to cut federal deficit in half

President Barack Obama’s latest effort to “change” the United States of America aims at slashing the federal budget deficit by half. Obama aims to cut federal deficit in half The new plans to More...

By Adrian Santana On Friday, February 20th, 2009

Dow Jones at worst level in 6 years

The Dow Jones industrial average recorded its lowest close in over six years Thursday evening, heavily dragged down by shares from the financial and technological sector. Shares saw drops in Bank of America (BAC) More...