Leaders of the G-20 economic summit will announce Friday that the group will become the new permanent council for international economic cooperation, senior U.S.
Officials: G-20 to supplant G-8 as international economic council
Tag Archives: recovery
Pittsburgh in spotlight as G-20 summit approaches
Pittsburgh conjures up visions of steel mills and gritty sports teams for many. The host city of this week’s Group of 20 summit hopes to update that image.
Bank sees Asia leading global recovery
Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank. In a dramatic contrast to its view in March, when it slashed 2009 growth forecasts for Asia excluding Japan from 7.2 per cent to 3.4 per cent, the ADB on Tuesday said the region would grow more strongly than expected both this year and in 2010.
Obama mixes policy, humor with Letterman
President Obama mixed policy discussion with personal reflections on his daughters and, yes, a few jokes in an appearance on CBS’s “Late Show With David Letterman,” taped Monday afternoon.
Floods kill 4 in rain-soaked Atlanta area
Georgia creeks and rivers, swollen by days of rain, burst their banks Monday, and at least four people were killed in the flooding, officials said. At least four others were thought to be missing, said Wes Tallon, spokesman for fire and emergency management services in Douglas County, west of Atlanta.
Obama: Economy probably won’t produce enough jobs until 2010
President Obama says that despite signs of economic recovery, the country will not see large-scale job growth until next year. In a wide-ranging interview broadcast Sunday on CNN’s “State of the Union,” Obama said reversing job losses from the recession will come at the end of the recovery period, not the start
Japan prepares for new prime minister
Liberal Democratic Party Prime Minister Taro Aso resigned early Wednesday, setting the stage for Democratic Party of Japan leader Yukio Hatoyama to take over the reins of government. Last month, Japanese voters swept Aso’s party — which had governed Japan for nearly 50 years — from power in the wake of Japan’s worst recession since World War II
Geithner: Stimulus efforts to continue until ‘recovery in place’
The consensus by the G-20 ministers not to cut back on stimulus efforts yet will ensure that countries don’t revert to fiscal restraint too soon, U.S.
Island paradise now hub for recovering passenger remains
Turbulence shakes the small aircraft as it dips through storm clouds. Fernando de Noronha first appears as a dot surrounded by a leaden-colored ocean
Work begins on nation’s largest mass transit project
The largest mass transit project in the country got under way Monday with the help of federal stimulus dollars, as public officials broke ground on a second passenger rail tunnel beneath the Hudson River. The new tunnel will link New Jersey with New York and eventually will double capacity on the nation’s busiest rail corridor, running from Washington to Boston, Massachusetts, officials said.