This Month
| January 2009 |
| Sun |
Mon |
Tue |
Wed |
Thu |
Fri |
Sat |
|
|
|
|
|
1
|
2
|
3
|
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
|
11
|
12
|
13
|
14
|
15
|
16
|
17
|
|
18
|
19
|
20
|
21
|
22
|
23
|
24
|
|
25
|
26
|
27
|
28
|
29
|
30
|
31
|
|
Friday, January 9
Fred Harteis News Articles -Jobless Rate Hits 7.2%, a 16-Year High
by
maba
on Fri 09 Jan 2009 02:33 PM EST
Fred Harteis News Articles - With the recession in full swing, the nation’s employers shed 524,000 jobs in December, the government reported Friday, and a rapidly deteriorating economy promised more big losses in the months ahead. December’s job losses brought the total for 2008 to 2.6 million, spanning a recession that started 12 months ago.
The unemployment rate jumped to 7.2 percent in December from 6.8 percent in November and 5 percent last April, when the recession was four months old and just beginning to bite. More than 11 million ... more »
Thursday, January 8
Fred Harteis News Articles- Obama Presses for Action on the Economy
by
maba
on Thu 08 Jan 2009 01:34 PM EST
Fred Harteis News Articles - President-elect Barack Obama on Thursday urged Congress to act quickly to pass sweeping economic stimulus measures, including a tax cut and an infusion of as much as $800 billion, or face the likelihood that “this recession could linger for years.”
In making an unusually direct and high-profile appeal in remarks at George Mason University in northern Virginia, Mr. Obama was building on a campaign for swift economic action that he has conducted for weeks — each time in ever-sharper terms.
Every day ... more »
Wednesday, January 7
Fred Harteis News Article - Obama Warns of Trillion-Dollar Deficit Potential
by
maba
on Wed 07 Jan 2009 10:14 AM EST
Fred Harteis News Article - President-elect Barack Obama on Tuesday braced Americans for the unparalleled prospect of “trillion-dollar deficits for years to come,” a stark assessment of the budgetary outlook that he said would force his administration to impose tighter fiscal discipline on the government.
Mr. Obama sought to distinguish between the need to run what is likely to be record-setting deficits for several years and the necessity to begin bringing them down markedly in subsequent years. Even as he prepares a stimulus plan that is expected to total ... more »
Monday, January 5
Fred Harteis News Articles - Bleak Sales in December Cap a Grim Year for Automakers
by
maba
on Mon 05 Jan 2009 10:02 AM EST
Fred Harteis News Articles - Vehicle sales in the United States tumbled more than 35 percent in December, dragging the Detroit automakers’ full-year totals down to their lowest levels in nearly half a century.
Sales were down 37 percent at Toyota, 35 percent at Honda and 32 percent at the Ford Motor Company. General Motors and Nissan reported 31 percent declines over December a year ago.
Chrysler, which along with General Motors received a $4 billion from the federal government at the end of December to help them ... more »
Monday, December 29
Fred Harteis News Articles - Lessons for Other Smokers in Obama's Efforts to Quit
by
maba
on Mon 29 Dec 2008 10:20 AM EST
Fred Harteis News Articles - Will one of President-elect Barack Obama’s New Year’s resolutions be to quit smoking once and for all?
His good-humored waffling in various interviews about smoking made it plain that Mr. Obama, like many who have vowed to quit at this time of year, had not truly done so.
He told Tom Brokaw of NBC several weeks ago, for example, that he “had stopped” but that “there are times where I’ve fallen off the wagon.” He promised to obey the no-smoking rules in the White ... more »
Wednesday, December 24
Fred Harteis News Articles - Drop in Gas Prices Offers a Bit of Relief for Consumers
by
maba
on Wed 24 Dec 2008 10:15 AM EST
Fred Harteis News Articles - Tumbling gasoline prices gave consumers more purchasing power last month, and led to a rise in real spending, even as personal income slips and Americans worry about their jobs in a rapidly weakening economy.
The Commerce Department reported on Wednesday that consumer spending, when adjusted for inflation, rose 0.6 percent in November, its largest gains in two years. The increase followed a 0.5 percent decline in October.
While the unadjusted rate of consumer spending declined 0.6 percent last month, following a 1 percent ... more »
Friday, December 19
Fred Harteis News Articles - Bush Approves $17.4 Billion Auto Bailout
by
maba
on Fri 19 Dec 2008 01:39 PM EST
Fred Harteis News Articles - President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February. The entire bailout is conditioned on the companies undertaking sweeping reorganizations to show that they can return to profitability.
The loans, as G.M. and Chrysler teeter on the brink of insolvency, essentially throw the companies a lifeline from the taxpayers that will keep them afloat until March 31. At that point, ... more »
Thursday, December 18
Fred Harteis News Articles - Bush Weighs 'Orderly' Bankruptcy for Automakers
by
maba
on Thu 18 Dec 2008 11:23 AM EST
Fred Harteis News Articles - The White House said on Thursday that an “orderly” bankruptcy was one option being considered to try to rescue General Motors and Chrysler, which are seeking billions of dollars to avoid a shutdown.
President Bush’s spokeswoman, Dana Perino, confirmed growing speculation within legal circles that the president and Treasury Secretary Henry M. Paulson Jr. were considering the step as part of an overall rescue package for the automobile industry.
The action would be unusual, and would require concessions by the United Automobile Workers ... more »
Wednesday, December 17
Fred Harteis News Articles - OPEC Agrees to Another Cut in Production
by
maba
on Wed 17 Dec 2008 11:54 AM EST
Fred Harteis News Articles - The OPEC cartel agreed on Wednesday to reduce production by 2.2 million barrels a day, the group’s largest cut ever, in an effort to put a floor on falling oil prices.
It is the third time producers have agreed to reduce their output in three months. Since September, members of the Organization of the Petroleum Exporting Countries have pledged cuts totaling 4.2 million barrels a day, or nearly 12 percent of their capacity, a record in such a short time.
But oil futures ... more »
Tuesday, December 16
Fred Harteis News Articles- Retail Prices Fell at Record Rate in November
by
maba
on Tue 16 Dec 2008 11:30 AM EST
Fred Harteis News Articles - Consumer prices fell at the fastest rate on record in November while home construction plunged nearly 20 percent in a single month, skidding to its lowest levels in 50 years, according to new government data that shows further weakness in the ailing economy.
The reports on Tuesday morning heightened investors’ expectations that the Federal Reserve would cut its target overnight interest rate to 0.5 percent, from 1 percent, later in the day. Financial markets in New York opened higher as investors awaited a 2:15 ... more »
Monday, December 15
Fred Harteis News Articles- Caroline Kennedy to Seek Clinton's Senate Seat
by
maba
on Mon 15 Dec 2008 11:18 AM EST
Fred Harteis News Articles – Caroline Kennedy the daughter of an American political dynasty, has decided to pursue the United States Senate seat being vacated by Senator Hillary Rodham Clinton of New York, a person told of her decision said on Monday.
The decision came after a series of deeply personal and political conversations, in which Ms. Kennedy, whom friends describe as unflashy but determined, wrestled with whether to give up what has been a lifetime of avoiding the spotlight.
Ms. Kennedy will ask Gov. David A. Paterson ... more »
Friday, December 12
Fred Harteis News Articles - White House Open to Using Bailout Money to Aid Detroit
by
maba
on Fri 12 Dec 2008 12:04 PM EST
Fred Harteis News Articles - President Bush and the Treasury Department signaled on Friday that they would consider dipping into the $700 billion bailout program for financial institutions to aid the Big Three car companies, after Republican senators refused to support a compromise proposal to rescue the automakers.
“Under normal economic conditions we would prefer that markets determine the ultimate fate of private firms,” Dana Perino, Mr. Bush’s spokeswoman, said in a carefully nuanced statement released minutes before the financial markets opened in New York. “However, given the current ... more »
Thursday, December 11
Fred Harteis News Articles - Auto Suppliers Share Anxiety Over a
by
maba
on Thu 11 Dec 2008 02:30 PM EST
Fred Harteis News Articles - With Congress struggling to agree on a bailout for Detroit, the odds that General Motors and Chrysler will be insolvent by year’s end are growing rapidly.
The companies have been warning that they would run out of money for some time, but crushing bills from their suppliers are coming due. It appeared unlikely that they could hold on until President-elect Barack Obama takes office next month, when he and a new Congress might be able to provide a lifeline, as a Congressional rescue ... more »
Wednesday, December 10
Fred Harteis News Articles - Obama's Effort on Ethics Bill Had Role in Governor's Fall
by
maba
on Wed 10 Dec 2008 10:15 AM EST
Fred Harteis News Articles - In a sequence of events that neatly captures the contradictions of Barack Obama’s rise through Illinois politics, a phone call he made three months ago to urge passage of a state ethics bill indirectly contributed to the downfall of a fellow Democrat he twice supported, Gov. Rod R. Blagojevich.
Mr. Obama placed the call to his political mentor, Emil Jones Jr., president of the Illinois Senate. Mr. Jones was a critic of the legislation, which sought to curb the influence of money in politics, as ... more »
Tuesday, December 9
Fred Harteis News Articles- Illinois Governor in Corruption Scandal
by
maba
on Tue 09 Dec 2008 10:35 AM EST
Fred Harteis News articles - Gov. Rod R. Blagojevich of Illinois was arrested by federal authorities on Tuesday morning on corruption charges, including an allegation that he conspired to effectively sell President-elect Barack Obama’s seat in the United States Senate to the highest bidder.
Mr. Blagojevich, a Democrat, called his sole authority to name Mr. Obama’s successor “golden,” and he sought to parlay it into a job as an ambassador or secretary of Health and Human Services, or a high-paying position at a nonprofit or an organization connected to ... more »
|
|
