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Escaping Taliban May Widen War as Pakistan Pays Cost

Mon, 23 Nov 2009 00:00:00 -0800

Bloomberg - By James Rupert - Nov. 23 (News Report) - Taliban fleeing a Pakistani offensive are regrouping in the country’s northwest, threatening to spread and prolong a conflict that has strained the nation’s economy and may hamper efforts to attract foreign investment.

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Obama Aims to Allay Auto Lobby Concern on Korea Trade

Sat, 21 Nov 2009 00:00:00 -0800

Bloomberg - By Edwin Chen, Julianna Goldman - Nov. 21 (News Report) - President Barack Obama said he is committed to pushing through a free trade agreement with South Korea that has been stalled by the U.S. auto lobby and unions, who argue it doesn’t do enough to open up Korean markets. Obama’s joint press conference in Seoul today with South Korean counterpart Lee Myung Bak was a last chance on his four- nation Asia trip to show he opposes protectionism. The accord has been held up in Congress, where lawmakers are demanding wider access for Chrysler Group LLC, Ford Motor Co. and General Motors Co. Lee said today he is willing to reopen talks on the auto industry.

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Chamber’s Donohue Keeps Cash Coming After PG&E, Apple Defect

Tue, 17 Nov 2009 00:00:00 -0800

Bloomberg - By Mark Drajem, Daniel Whitten - Nov. 17 (News Report) - Apple Inc. and three other members of the U.S. Chamber of Commerce quit over its opposition to climate-change legislation. President Barack Obama denounced the group for “spending millions” to kill a planned consumer financial-protection agency. Tom Donohue, the 71-year-old president of the nation’s largest business-lobbying organization, responded by doing what critics and admirers alike say he does best: using a fight to raise money in support of the Chamber’s agenda.

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Gorbachev Says Obama Should Start Afghan Withdrawal (Update2)

Tue, 10 Nov 2009 22:10:13 -0800

Bloomberg - Nov. 10 -

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Soaring U.S. Unemployment Threatens Path to Economic Recovery

Sat, 07 Nov 2009 00:00:00 -0800

Bloomberg - By Timothy R. Homan - Nov. 07 (News Report) - The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, threatening the emerging economic recovery and giving President Barack Obama and Democrats a bigger hurdle to overcome before next year’s Congressional elections.

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Unemployment in U.S. Jumps to 10.2%, Payrolls Fall

Fri, 06 Nov 2009 00:00:00 -0800

Bloomberg - By Timothy R. Homan - Nov. 06 (News Report) - The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero.

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Ford Earns $997 Million, Projects Solid 2011 Profit

Mon, 02 Nov 2009 00:00:00 -0800

Bloomberg - By Keith Naughton - Nov. 02 (News Report) - Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted net income of $997 million in the third quarter and its first operating profit since early 2008. Ford said it expects to be “solidly profitable” in 2011.

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Citi, Bank of America Managers Averaged $18 Million Pay in 2008

Sun, 25 Oct 2009 00:00:00 -0700

Bloomberg - By Bradley Keoun - Oct. 25 (News Report) - Oct. 24 (Bloomberg) -- Citigroup Inc. and Bank of America Corp. paid top executives an average of $18.2 million each last year as the banks accepted $90 billion of bailout funds, records from Treasury Department paymaster Kenneth Feinberg show.

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Pakistan Army Targets Hometown of Taliban Suicide-Bomb Trainer

Mon, 19 Oct 2009 00:00:00 -0700

Bloomberg - By Khalid Qayum, James Rupert - Oct. 19 (News Report) - Pakistan’s army said it was targeting the hometown of the architect of the Taliban’s suicide bombing campaign as it presses an offensive against up to 10,000 militants. Soldiers have advanced up to 15 kilometers (9 miles) into the mountainous area, where militant leaders remain, army spokesman Major General Athar Abbas said.

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A Roadmap to Health-Care Overhaul by Christmas

Sun, 18 Oct 2009 00:00:00 -0700

Bloomberg - By Albert R. Hunt - Oct. 18 (Editorial) - Over the next couple of months, a sausage factory will seem tidier than the U.S. Congress. The disposition of the huge health-care overhaul will be a messy dance of legislation

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Geithner Aides Reaped Millions Working for Banks, Hedge Funds

Wed, 14 Oct 2009 00:00:00 -0700

Bloomberg - By Robert Schmidt - Oct. 14 (News Report) - Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.

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Senate Finance Panel Passes $829 Billion Health Plan

Tue, 13 Oct 2009 00:00:00 -0700

Bloomberg - By Laura Litvan - Oct. 13 (News Report) - The Senate Finance Committee approved an $829 billion plan to overhaul U.S. health care, clearing the way for a full Senate debate over the broadest expansion of the government’s role in the medical system since the creation of Medicare in 1965.

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Insurers Attack Health Overhaul Before Senate Vote

Tue, 13 Oct 2009 00:00:00 -0700

Bloomberg - By Nicole Gaouette, Lizzie O'Leary - Oct. 13 (News Report) - Senate Finance Committee Chairman Max Baucus fought to hold together an industry coalition in support of revamping U.S. health care after insurers waged a late attack on his panel’s proposal.

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Health-Care Plan Future Rests on Snowe, Democrats (Update1)

Mon, 12 Oct 2009 00:00:00 -0700

Bloomberg - By Kristin Jensen, Laura Litvan - Oct. 12 (Opinion) - The future of U.S. health-care legislation now depends on warring Democrats, number-crunching analysts and, possibly, one senator from Maine

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California’s Budget Suffers ‘Major Blow’ as Debt Sales Loom

Sat, 10 Oct 2009 00:00:00 -0700

Bloomberg - By William Selway, Michael B. Marois - Oct. 10 (News Report) - “Revenues more than $1 billion under estimates and recent adverse court rulings are dealing a major blow to a budget that is barely 10-weeks old,” Controller John Chiang said in a statement. “While there are encouraging signs that California’s economy is preparing for a comeback, the recession continues to drag state revenues down.”

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House Moves Closer to Combined Health Measure With Tax Changes

Fri, 09 Oct 2009 00:00:00 -0700

Bloomberg - By James Rwoley, Kristin Jensen - Oct. 09 (News Report) - House Democrats are close to completing a draft of legislation calling for the broadest expansion of the U.S. health-care system in more than four decades as they consider a range of new taxes to fund the plan. The lawmakers yesterday scaled back a proposed surtax on the wealthiest Americans, said Representative Sander Levin, a Michigan Democrat. At the same time, House Speaker Nancy Pelosi said she’s considering a levy on health insurers’ profits.

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Obama Says Small Businesses to Gain From Health-Care Overhaul

Sat, 03 Oct 2009 00:00:00 -0700

Bloomberg - By Nicholas Johnston - Oct. 03 (News Report) - President Barack Obama said small businesses that are now overwhelmed by medical-insurance costs would benefit from his proposed overhaul of the U.S. health-care system. In his weekly address on the radio and Internet, Obama said he regularly hears from small-business owners who can’t grow their companies because of rising health-care costs and entrepreneurs who can’t start new ventures because of health- insurance concerns.

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Vets Loving Socialized Medicine Show Government Offers Savings

Fri, 02 Oct 2009 00:00:00 -0700

Bloomberg - By Kristin Jensen - Oct. 02 (News Report) - Rick Tanner is one American who loves his government-run health care. After serving in Vietnam and spending three decades in the U.S. Navy, Tanner retired in 1991 with a bad knee and high blood pressure. He enrolled in the Veterans Health Administration and now benefits from comprehensive treatment with few co-payments and an electronic records system more advanced than almost anywhere at private hospitals.

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G-20 Unites to Curb Bank Pay, Align Economic Policy

Sat, 26 Sep 2009 00:00:00 -0700

Bloomberg - By Simon Kennedy, Rich Miller - Sep. 26 (News Report) - Group of 20 leaders built on the common front they forged in fighting the financial crisis to chart a shared path toward a more stable banking system and a stronger global economy.

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G-20 to Assume Mantle as World’s Main Economic Body

Fri, 25 Sep 2009 00:00:00 -0700

Bloomberg - By Hans Nichols, Simon Kennedy - Sep. 25 (Breaking News) - World leaders will today announce the Group of 20 nations is replacing the G-8 as the main forum for global economic coordination, reflecting a shift in power from rich countries to emerging markets.

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Climate-Talks Deadlock May Ease After Obama, Hu Meet

Mon, 21 Sep 2009 00:00:00 -0700

Bloomberg - By Jim Efstathiou Jr., Kim Chipman - Sep. 21 (News Report) - China and the U.S., the biggest producers of greenhouse gases, may propose new steps to fight global warming this week as they remain at odds over who should pay for a low-carbon world.

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War of Words on Banker Pay May Melt Into Accord at G-20 Talks

Sat, 19 Sep 2009 00:00:00 -0700

Bloomberg - By Ian Katz - Sep. 19 (News Report) - Global leaders meeting at the Group of 20 summit in Pittsburgh next week are moving toward a compromise on compensation rules that fall short of the political rhetoric branding banker pay a worldwide disgrace.

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Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman

Sun, 13 Sep 2009 00:00:00 -0700

Bloomberg - By Mark Deen, David Tweed - Sep. 13 (News) - Joseph Stiglitz, the Nobel Prize- winning economist, said the U.S. has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers Holdings Inc.

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Japan Vote as Polls Predict Opposition to Unseat LDP

Sun, 30 Aug 2009 00:00:00 -0700

Bloomberg - By Sachiko Sakamaki - Aug. 30 (News Report) - Japan’s voters went to the polls today with surveys predicting the Liberal Democratic Party will lose power for only the second time since 1955.

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Six Lobbyists Per Lawmaker Work on Health Overhaul (Update2)

Fri, 14 Aug 2009 00:00:00 -0700

Bloomberg - By Jonathan D. Salant, Lizzie O’Leary - Aug. 14 (Investigative Report) - “The sheer quantity of money that’s sloshed around Washington is drowning out the voices of citizens and the groups that speak up for them,” said McNeely, whose group backs a public health plan, which Obama and many Democrats consider a centerpiece of any proposal and most Republicans oppose.

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