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According to the White House, 650,000 jobs were created or saved by $150 billion in stimulus funds. Was it money well spent? (Oct. 30, 2009)



 
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  • Is the Dollar Dying a Slow Death? 8 Nov 2009 04:30 GMT
    ... escalating government debt has made the dollar currency non grata in many quarters once again. ... a basket of major currencies, including the euro and yen, has fallen about 15% from ... 200 metric tons of gold to India's central bank for $6.7 billion. News of the purchase ...

  • Brown urges G-20 nations to maintain stimulus measures 8 Nov 2009 02:41 GMT
    ... US Treasury Secretary Timothy Geithner and European Central Bank President Jean-Claude Trichet release a statement after ... European and Japanese officials to let its currency appreciate. Zhou said in an interview yesterday ... policy makers’ moves to talk down the euro currency, saying on Oct. 21 that “the ...

  • G-20 officials to wrestle over economic imbalances 8 Nov 2009 04:30 GMT
    ... all recorded renewed growth and the 16-country euro zone is expected to do the same ... supporting the world economy. And the European Central Bank broadly hinted Thursday that it will soon ... certainly be discussed to some degree, the currency issue is not on the formal agenda. ...

  • U.S. Dollar picks up at end of week amid rising unemployment 8 Nov 2009 05:40 GMT
    ... sentiment remains the main driving force in currency trading, the dollar tends to fall against the euro and other higher-yielding currencies on positive economic ... 0.25 percent, in line with expectations. The central bank said that current economic conditions are likely ...

  • G-20 officials look for global growth 8 Nov 2009 04:34 GMT
    ... all recorded renewed growth and the 16-country euro zone is expected to do the same ... supporting the world economy. And the European Central Bank broadly hinted Thursday that it will soon ... certainly be discussed to some degree, the currency issue is not on the formal agenda. ...



  • Dollar choppy after unemployment tops 10 percent 8 Nov 2009 04:35 GMT
    ... time. Higher interest rates can support a currency as investors transfer funds in search of better returns. ... search of better returns. On Thursday, the ECB and BoE maintained their rates at 1 ... of unemployment since April 1983. The 16-nation euro had weakened to $1.4811 in the 20 ...

  • G-20 Finance Officials: Too Early To End Stimulus 55 min ago 8 Nov 2009 01:16 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... promoted a global climate fund of some €100 billion a year ($148 billion at the ... Tobin tax -- a flat tax on currency transactions named after the Nobel Prize laureate ...

  • G-20 Finance Officials: Too Early To End Stimulus 1 hr ago 8 Nov 2009 02:38 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... promoted a global climate fund of some €100 billion a year ($148 billion at the ... Tobin tax -- a flat tax on currency transactions named after the Nobel Prize laureate ...

  • G-20 Finance Officials: Too Early To End Stimulus 2 hrs ago 8 Nov 2009 03:55 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... promoted a global climate fund of some €100 billion a year ($148 billion at the ... Tobin tax -- a flat tax on currency transactions named after the Nobel Prize laureate ...

  • Relax with more cash when you go on holiday this year 8 Nov 2009 00:34 GMT
    ... 'Shop around for the best deals on currency. Ordering online is convenient and you can lock ... also because of the terrible sterling to euro exchange rate.' Holidaymakers who plan to use credit cards ...

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  • David McWilliams - - a short-termist like his Celtic Tiger villains? 8 Nov 2009 01:35 GMT
    ... Ireland's economic woes is to quit the euro. However, when an intelligent economist puts forward ... McWilliams, a former official at the Irish central bank. Devaluation generally works but as the IMF ... said this week, and a new Irish currency would have a stormy debut. As to ...

  • Geithner, Brown Split on Tobin Tax at Group of 20 Meeting 8 Nov 2009 01:55 GMT
    ... U.S. domestic demand. Tensions flared over China’s currency policy and how to fund the fight ... the fight against climate change. While Chinese central bank Governor said he doesn’t think his country ... be contributing to upward pressure on the euro and some emerging economy currencies.” To ensure ...

  • World stocks fall as US jobless rate hits 10.2 pct 8 Nov 2009 04:35 GMT
    ... index jumped nearly 2 percent as the central bank more than tripled this year's growth forecast ... late Thursday in New York, while the euro fell to $1.4832 from $1.4868. Currency traders will be keeping a close eye ...

  • G20 officials: Too early to end stimulus 8 Nov 2009 01:55 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... global climate fund of some 100 billion Euro a year by 2020 - combining government ... Tobin tax - a flat tax on currency transactions named after the Nobel Prize laureate ...

  • G-20 Finance Officials: Too Early To End Stimulus 8 Nov 2009 00:30 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... promoted a global climate fund of some €100 billion a year by 2020 -- combining ... Tobin tax -- a flat tax on currency transactions named after the Nobel Prize laureate ...

  • Too Early To End Stimulus 8 Nov 2009 00:53 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... promoted a global climate fund of some €100 billion a year by 2020 -- combining ... Tobin tax -- a flat tax on currency transactions named after the Nobel Prize laureate ...

  • IMF suspends Romania review, funds delayed 8 Nov 2009 04:30 GMT
    ... off a review of Romania's 20 billion euro rescue package until it forms a new ... year, above the agreed 7.3 percent goal. Central bank Governor Mugur Isarescu, when asked whether he ... 281.1 on Thursday's close and the leu currency was little changed on Friday after the ...

  • G20 finance officials: Too early to end stimulus 8 Nov 2009 02:10 GMT
    ... should start repaying debt, and the European Central Bank has indicated it will soon start withdrawing ... global climate fund of some 100 billion Euro a year by 2020 - combining government ... Tobin tax - a flat tax on currency transactions named after the Nobel Prize laureate ...

  • Cramo Drops 24 Percent in First Nine Months of 2009 8 Nov 2009 04:30 GMT
    ... of 2009, about 24.1-percent below revenue for the same period last year. Because the exchange rate of several European currencies weakened against the Euro, in local currencies, sales dropped 17.6 percent. Sales in the third quarter were 115.3 ...

  • Stock Market Top Likely Reached 8 Nov 2009 02:17 GMT
    ... of the dollar. It appears that other central banks around the world are likewise dumping dollars ... here, amidst all the talk about the euro or some other currency replacing the dollar as the world's reserve ...

  • US Bordeaux prices at risk of 'bloodbath', experts say 8 Nov 2009 08:30 GMT
    ... crisis crippled Bordeaux wine sales and "the exchange rate is killing us," chorused several wine merchants. But ... dollar. Pierre-Antoine Casteja, CEO of Joanne, a 125-million-euro wine merchant firm with a six-million-bottle cellar, confirmed in ...

  • Burgan Bank partners with Sahara Kuwait Resort 8 Nov 2009 06:31 GMT
    ... COMMERZBANK Recognition Award, for maintaining high standards of quality, efficiency and reliability while processing Euro currency transactions as well. The Bank's commitment to uphold best practices was recognized when it won ...

  • German orders up 0.9 percent in September 8 Nov 2009 04:35 GMT
    ... orders from abroad increasing by 3.7 percent. Orders from Germany's partners in the 15-nation euro zone led the way, rising by 6 percent. However, domestic demand was slacker. Orders from inside Germany ...

  • Stop talking, it's time for action 8 Nov 2009 05:36 GMT
    ... risen by 50 per cent in real, inflation-adjusted terms over the past five years, "cannot ... spending outstripping its income by more than €22bn a year, as tax revenues have evaporated in the ... but they come against a backdrop of deflation that means that actual standards of living ...

  • France reveals doubled deficit, warns of tough budget 8 Nov 2009 04:33 GMT
    ... part of the overall deficit, stood at €125.8 billion on September 30 from €56.6 billion ... cent of output this year. EU and eurozone rules for this key measure of public finances ...


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