Tuesday, July 3, 2012
Thursday, March 15, 2012
Obama promotes steps to boost US trade
EVERETT, Washington (AP) — President Barack Obama on Friday called for more steps to help U.S. companies compete overseas, standing in front of an enormous Boeing Dreamliner to summon a bright future for American manufacturing and exports.
Visiting a Boeing plant in Washington state where he watched some of the massive 787s under assembly, Obama pushed for Congress to continue financing a national export credit agency crucial to a goal of doubling exports by 2014. Obama, who faces re-election in November, pointed to the aviation giant as a homegrown company bolstering the U.S. economy by doing business overseas as he sought to make the case that the economy is on the …
Irish govt, bankers blamed for overheating economy
Ireland's government, banks and regulators all gambled on a runaway property market and left the country particularly badly exposed to the global credit crisis, banking experts concluded in two government-commissioned reports published Wednesday.
The reports _ one by Central Bank of Ireland governor Patrick Honohan, the other by Anglo-German economists Max Watson and Klaus Regling _ blamed Prime Minister Brian Cowen for overseeing budgets that fueled rampant property speculation until the bubble burst in 2008. They said Ireland's ill-staffed bank regulators repeatedly failed to raise the alarm despite evidence of unethical accounting and reckless lending practices at …
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