President Obama will call on Americans to "pull together" and "take responsibility for our future" in his first speech to a joint session of Congress, according to excerpts of his address.
Obama to tell country to ‘take responsibility’ for future
Tag Archives: financial
Obama to lay out ‘game plan’ on fixing economy
In his first speech to a joint session of Congress, President Obama is planning to strike a more optimistic tone than he has in recent days by laying out a "game plan" to beat the financial crisis, according to a senior White House official.
AIG’s Distress: Are There Enough Fingers for This Dike?
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent. According to CNBC, AIG is about to post another huge loss.
Brown: World needs ‘global New Deal’
The world needs a "global New Deal" to haul it out of the economic crisis it faces, Prime Minister Gordon Brown of the United Kingdom said Sunday. “We need a global New Deal — a grand bargain between the countries and continents of this world — so that the world economy can not only recover but… so the banking system can be based on..
Clinton sets framework for U.S.-Asia relations
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How Consumers Shop Differently Today
The American shopper is dazed and confused. What do I really want, versus what do I really need Sure, I can afford the plasma television now, but should I save that $2,000, in case I get laid off tomorrow Can I really tell my snobby friends that I now shop at — egads — Walmart To gauge the mindset of the American consumer, and the state of shopping during this recession, TIME checked in with respected retail expert Paco Underhill, the CEO of Envirosell, a consulting firm, and author of Why We Buy: The Science of Shopping. Give us a snapshot of the American consumer landscape. We can divide the American consumer into thirds
Clinton Takes a Softer Approach to China
Ahead of her first trip abroad as Secretary of State, Hillary Clinton said she planned to renew U.S.
The Nuclear Risk: How Long Will Our Luck Hold?
This is how a submarine-launched ballistic missile works: once airborne, the 60-ton missile travels out of the earth’s atmosphere into sub-orbit, where it moves toward its target at a shade under 4 miles a second. Approaching its destination, the tip of the missile splits into multiple, independently targeted warheads, each loaded with bombs up to 24 times more powerful than the Hiroshima blast, which re-enter the atmosphere in a spectacle that from the ground would resemble a meteor shower, before it resembled a thousand roaring suns. There are hundreds of these and similar land-based long-range missiles ready to launch at a moment’s notice.
Stanford scandal spreads
Antiguan and Barbudan regulators Friday took control of U.S.financier Robert Allen Stanford’s financial institutions on the twin-island nation, a day after federal agents served the Texas businessman with papers accusing him of running an investment fraud scheme.
England cricket board sever Stanford links
The England and Wales Cricket Board have confirmed they have terminated all contractual links with Sir Allen Stanford — the Texan billionaire charged with an alleged nine billion dollars fraud by the Securities and Exchange Commission. All negotiations between the ECB and Stanford were immediately suspended when the news broke on Tuesday — and the governing body has now formally announced they will not play any further Stanford Twenty20 matches in Antigua as well as shelving plans for the Quadrangular Twenty20 events, which were due to start at Lord’s in May