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San Francisco picked for Asia-Pacific negotiations (AP) (Sep-13, 22:04 EDT )-- AP - The State Department has selected San Francisco to host two weeks of meetings between ambassadors from 21 nations as a prelude to the Asia-Pacific Economic Cooperation forum President Obama is hosting in Hawaii next year.
China to get tough on pollution, buy more from U.S. (Reuters) (Sep-13, 22:00 EDT )-- Reuters - China will introduce stricter rules to reduce industrial pollution, a senior economic planning official said on Tuesday.
Dollar Thrifty deal could boost rental car prices (AP) (Sep-13, 19:46 EDT )-- AP - While corporate travelers have been grounded by the slow economy, a lot of vacationers have still been renting cars. That says a lot about why Hertz and Avis are fighting over Dollar Thrifty, a chain known for lower rates that appeal to leisure...
Citi defends $75M mortgage disclosure settlement (AP) (Sep-13, 19:21 EDT )-- AP - Citigroup Inc. on Monday defended as fair and in the public interest its $75 million civil settlement with the government over charges it misled investors about billions in potential losses from subprime mortgages.
Obama renominates Diamond to Fed board: White House (Reuters) (Sep-13, 18:34 EDT )-- Reuters - President Barack Obama renominated Peter Diamond to become a member of the Federal Reserve Board, the White House said in a statement on Monday.
Journalist says Castro quote not misinterpreted (Reuters) (Sep-13, 18:22 EDT )-- Reuters - A U.S. journalist who reported that Fidel Castro told him the Cuban economic model no longer works expressed surprise on Monday that the former Cuban leader is now saying his words were misinterpreted.
Bush tax cuts get all the attention as US lawmakers reconvene (The Christian Science Monitor) (Sep-13, 17:30 EDT )-- The Christian Science Monitor - With just 50 days left before midterm elections, Congress returns to an agenda targeting the No. 1 issue for voters: jobs and the economy. For both parties, it’s also a chance to engage the party base and firm up...
Petraeus urges better use of Afghanistan contracting (Reuters) (Sep-13, 17:06 EDT )-- Reuters - The head of NATO forces in Afghanistan urged commanders on Monday to hire more Afghans and steer contracts to local businesses in a move aimed at boosting Afghanistan's economy, a key counterinsurgency goal.
Backyard politics as Obama talks economy (AFP) (Sep-13, 16:01 EDT )-- AFP - US President Barack Obama on Monday ditched the grandeur of the White House for a small backyard in the suburbs, in a show of empathy to the economically "whiplashed" middle class.
Economy 101: Who benefits from new banking rules? (AP) (Sep-13, 15:35 EDT )-- AP - At the core of an international agreement to head off future financial meltdowns is a requirement that banks keep more money on hand in case of trouble.
Obama sees areas for compromise with GOP (AP) (Sep-13, 15:31 EDT )-- AP - Ahead of midterm elections likely to produce big Republican gains, President Barack Obama said Monday that conservative activists are right to be worried about the deficit and he foresees compromising with the GOP on that issue and others.
Rates on 3-month and 6-month Treasury bills rise (AP) (Sep-13, 14:38 EDT )-- AP - Interest rates on short-term Treasury bills rose in Monday's auction with six- month bills climbing to the highest level since early August.
Buffett, Ballmer predict bright economic future (AP) (Sep-13, 14:32 EDT )-- AP - Some of the biggest names in business said Monday that they see a bright future for the economy, with famed investor Warren Buffett declaring the country and world will not fall back into the grips of the recession.
Metals rise on bank agreement, Chinese growth (AP) (Sep-13, 14:29 EDT )-- AP - Metals rose Monday after regulators agreed on new reserve requirements for banks and China's economy continued its rapid growth.
Geithner says China has done "very little" on yuan: report (Reuters) (Sep-13, 14:27 EDT )-- Reuters - China has made "very, very little" progress on letting the exchange rate of the yuan reflect market forces, Treasury Secretary Timothy Geithner said in remarks published in the Wall Street Journal on Monday.
College loan default rates rise, report says (AP) (Sep-13, 14:23 EDT )-- AP - The number of college students who defaulted on their federal student loans climbed in the fiscal year that ended in September 2008, according to new government data released Monday.
Summary Box: China's Wen addresses trade surplus (AP) (Sep-13, 14:17 EDT )-- AP - WHAT WAS SAID: China's premier, Wen Jiabao, said the nation's huge trade surplus is not intentional, but he offered no measures to defuse U.S. pressure over currency controls.
(AP) (Sep-13, 13:47 EDT )-- AP - Obama says he's in 'wrestling match' with GOP over tax cuts for rich that US can't afford.
Will Anyone Buy Electric Cars? (The Motley Fool) (Sep-13, 12:58 EDT )-- The Motley Fool - If you looked solely at the efforts being made to produce them, you'd swear that electric vehicles (EVs) are a sure bet to be the Next Big Thing.
Work force re-entrants key to jobless rate: San Francisco Fed (Reuters) (Sep-13, 12:08 EDT )-- Reuters - The pace at which teenagers, men in their prime and older workers re-enter the U.S. work force as the economy recovers will shape how quickly the unemployment rate falls, researchers at the San Francisco Federal Reserve said on Monday.
A look at economic developments around the globe (AP) (Sep-13, 11:59 EDT )-- AP - TIANJIN, China — China's premier said the nation's huge trade surplus is not intentional but offered no measures to defuse rising U.S. pressure over currency controls.
Obama hails production of stimulus-aided batteries (AP) (Sep-13, 10:45 EDT )-- AP - President Barack Obama celebrated the opening of an advanced battery plant in Michigan on Monday as a critical boost for hybrid and electric cars — and a success for his administration's economic stimulus program.
Political Economy: Geithner pushes Obama's economic agenda (Sep-13, 10:18 EDT )-- Treasury Secretary Timothy F. Geithner Monday continued the Obama administration's push for more measures aimed at stimulating the economy, even as he defended the policies that President Obama has pursued since taking office. Barack Obama -...
Small-business bill could be Democrats' last hope on jobs (Reuters) (Sep-13, 08:31 EDT )-- Reuters - Democrats in the U.S. Congress have a late chance to show frustrated voters they are trying to boost the sluggish economy with a plan to extend help to small businesses before the November midterm elections.
China's Wen says trade surplus not intentional (AP) (Sep-13, 06:12 EDT )-- AP - China's premier said the nation's huge trade surplus is not intentional but offered no measures Monday to defuse rising U.S. pressure over currency controls.
Wars, economy top president's Monday agenda (AP) (Sep-13, 04:06 EDT )-- AP - President Barack Obama starts his week meeting with advisers on the wars in Afghanistan and Iraq.
Production of stimulus-aided car batteries revs up (AP) (Sep-13, 02:22 EDT )-- AP - The first wave of mass-produced advanced batteries funded by the Obama administration's economic recovery program is starting to roll off assembly lines, setting the stage for new hybrid and electric vehicles.
Michigan child-care workers suing to break free of UAW union (Sep-12, 23:39 EDT )-- Child-care workers in Michigan are suing in federal court to break free of the United Auto Workers union, which they say they did not want to join. United Auto Workers - United States - Labor - Michigan - United Auto Workers - UAW
Geithner not satisfied with China progress on yuan (AFP) (Sep-12, 23:32 EDT )-- AFP - US Treasury Secretary Timothy Geithner has said he is not satisfied with China's moves to loosen its grip on the yuan, ahead of an appearance before US lawmakers on ways to pressure Beijing.
China to ease restrictions on foreign investment (Reuters) (Sep-12, 22:37 EDT )-- Reuters - China is currently in the process of revising its foreign investment catalog to expand the number of sectors for which foreign investment is encouraged or permitted, a senior official said on Monday.
Global economy gradually recovering: China's Li (Reuters) (Sep-12, 22:25 EDT )-- Reuters - The global economy is gradually emerging from crisis but needs more-open markets and less trade friction, Chinese Vice-Premier Li Keqiang said on Monday.
Officials agree on global measures to safeguard banks (Sep-12, 22:07 EDT )-- Regulators meeting in Basel, Switzerland, on Sunday agreed to take new steps to immunize the financial system from the sort of crisis that pushed the world into recession two years ago. The new rules would make banks roughly double the amount of...
Career designed around family traditions (Sep-12, 21:44 EDT )-- Position: Principal and sector leader for the corporate, commercial and civic practice of Perkins+Will, a design firm in the District. Business - Career - Employment - Changing Careers - Counseling and Management
Economic events for the week of Sept. 13, 2010 (Sep-12, 21:42 EDT )-- Economic data have been a little better over the past couple of weeks, reducing fears of a dip back into recession. This week's numbers could offer crucial evidence of whether the trend extends to the retail industry, industrial sector, and inflation. ...
Value Added: Serial entrepreneur hopes third time is the charm (Sep-12, 21:26 EDT )-- I read recently where someone said you have win once in life to be successful. Entrepreneur - Business - Serial - Programming - Component Frameworks
State aid advance helps Pennsylvania city avoid debt default (Sep-12, 21:21 EDT )-- Harrisburg, Pa., will receive an advance on state aid to cover $3.3 million in bond payments due Sept. 15, averting what would have been the second-largest general-obligation debt default in the United States this year. Pennsylvania - United...
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