United States President Barack Obama asked the congress to act on new rounds of job legislation saying that “mathematical equations and fancy formulas” from economists mask the continuing pain in American households. The president argued about the economic reports last week showing the job growth in the United States for the fourth straight month. He [...]
May 31 2010 | Posted in
Small Business |
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The number two official of the Treasury vowed to fight the U.S financial reform bill and push the so called Volcker rule that will separate proprietary trading from banking. According to Neal Wolin, the Deputy Treasury Secretary, Senate and House of Representative conferees that are working to settle their own from of the bill must [...]
May 27 2010 | Posted in
Banking |
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According to a senior official on Wednesday, the top goals of the Obama administration did not include a proposal from Senator Blanche Lincoln. Senator Blanche Lincoln, Democratic chairman of the Senate Agriculture Committee, had passed a proposal that will force the big banks to spin-off their swap-trading units. The plan of Senator Lincoln has drawn [...]
May 26 2010 | Posted in
Banking |
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President Barrack Obama is planning to renew a push in his $30 billion plan to the congress on Tuesday. President Barrack Obama is trying to persuade the congress to approve his $30 billion plan to encourage small businesses to lend money and to create more jobs for the U.S. He has been criticized because of [...]
May 25 2010 | Posted in
Small Business |
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The Federal COBRA premium subsidies will be extended until the end of the year. Because of this, the employers will be given enough time to pay their pension liabilities. The house will be voting about the tax bill next week. The 65%, 15-month COBRA premium subsidy will be extended for the employees that are terminated [...]
May 20 2010 | Posted in
Insurance |
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The U.K. based media buying and research group Aegis reported a 1 percent year on year increase in their organic revenue in the first quarter. The Aegis Media reported a 9.7 percent decline in their organic revenue last year. This is the first growth since 2008. According to Aegis Media, based on the optimistic view [...]
May 18 2010 | Posted in
Entertainment |
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The new government of David Cameron received a warning about economic balancing act as unemployment continues to rise to a 15-year high. According to Labor market experts, the public sector cuts will keep the increase in unemployment rate this year. Based on the report of the Office for National Statistics, the number of people that [...]
May 12 2010 | Posted in
Business |
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Records from the Insolvency Service showed today that insolvency increased in the people of Whales and England in the first three months of the year. According to statistics, during the first three months of 2010, almost 35,682 people are bankrupt which is equivalent to 566 people per day. Records showed that the first three months [...]
May 7 2010 | Posted in
Finance |
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A closely watched survey showed that the manufacturing sector is continuously recovering because of the strong demands coming from abroad. According to a survey, the growth in manufacturing is increasing fast for 15 years. The Chartered Institute of Purchasing and Supply Survey of purchasing managers made a reading of 58. It is better than what [...]
May 4 2010 | Posted in
Business |
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