Euro Declines After EU Leaders Reject Request for Eastern Europe Aid Plan
The euro fell to a one-week low against the dollar after European Union leaders rejected
calls to back an aid package for eastern Europe, fueling concern the financial crisis will
deepen the region’s recession.
Currency `Protectionism' Strengthens Dollar as banksanalytics says three decades of currency trading taught him financial turmoil
prompts large banks to favor local lending, and that’s why he’s buying U.S. dollars
for the biggest foreign-exchange hedge fund.
Dollar falls after grim GDP data
Dollar edges down against euro, pound following news of Citigroup deal and weak equity markets.
US Dollar Testing 3-Year Highs as NFPs and Nationalization Loom
US dollar mostly higher in European trading
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Obama's - First 100 Days
First 100 Days will follow President Obama's initiatives and policy directions.
We'll look at new presidential orders, policies on the economy, alternative energy and foreign affairs,
and his use of new media.
We’ll review the new president's progress and governing style, take a look at the challenges
of governing the United States, and keep you informed about the fun moments as well.
We encourage you to share your thoughts on the president’s job.
Large majorities of Americans support President Barack Obama's plans to revive the economy and his efforts to work across party lines,
according to a pair of public opinion polls .
One month into his presidency, a Washington Post-ABC News poll found 68 percent of Americans approve
of Obama's job performance.
Sixty-four percent of respondents supported the administration's $787 billion economic
stimulus package and the same percentage backed his proposal to prevent housing foreclosures.
Obama's Banking Crisis Plan
Obama On Banking Crisis: We Can't "Prolong The Agony"
PRESIDENT OBAMA:
Well, you know, Wall Street I think is hoping for an easy out on this thing and there is no easy out. Essentially what you've got are a set a banks that have not been as transparent as we need to be in terms of what their books look like.
And we're gonna have to hold out the bandaid a little bit and go ahead and just be clear about some of the losses that have been made because until we do that, we're not going to be able to attract private capital into the marketplace. And so, you know, I think that you have two choices in this situation: you can prolong the agony and shareholders will be happy until they're not happy and that could be a year from now or two years from now or in the case of Japan, eight years later.
Or you can just go ahead and acknowledge that yeah, there's, there's a lot of work that has to be done to put these banks back on a firmer footing.
The Raleigh speech kicked off a planned two-week push by the Obama campaign on the economy — most of it
taking place in battleground states that went for Bush in 2004. This week he's talking mainly about
short-term fixes "to help working families who are struggling to keep up"; next week, his aides say,
the focus will be on the long run.
The latter plays to Obama's strengths, as he can wax eloquent about
the nation's need for investment in education, infrastructure and clean energy. For now,
he and his advisers are reciting the details of his three big short-term priorities:
a new $50 billion stimulus program, much of it routed into extending unemployment insurance
beyond the current 26-week limit and helping struggling state governments; a more aggressive
foreclosure-prevention effort, with $10 billion in funding; and a tax cut for Americans making
less than $150,000 a year — to be financed with tax increases on those making more than $150,000 a year.
