Archive for the Category ‘Finance’

USA: Obama pushes for financial regulation reform on Lehman collapse anniversary

USA: Obama pushes for financial regulation reform on Lehman collapse anniversary

NEW YORK, (Xinhua): U.S. President Barack Obama, speaking one year after Lehman Brothers Holdings Inc.’s collapse, reiterated on Monday his plan to overhaul the financial regulation system and urged the Congress to pass the reform as soon as possible.
At Federal Hall, which is located on Wall Street and just across the New York Stock Exchange, [...]

September 14, 2009 | Posted in Business, Finance | Read More »

Rebuilding the Economy

Rebuilding the Economy

If the past is any guide, the US economy will depend on home-grown momentum to rise out of recession.
The history of upturns from economic slumps in America since the 1930s is straightforward: Consumers shoulder most of the burden. Often a big boost also comes from business investment, including home construction.
That lesson is part of what’s [...]

August 19, 2009 | Posted in Business, Finance | Read More »