Tag Archives : Stimulus Package

Obama criticized Bush about the unprecedented downturn in US employment. He made a reference to the unemployment rate for February which reached 8.1%, the highest rate over the past 25 years. He continues to assure the American public that the stimulus package will get the US out of the current recession. He sets a realistic tone amidst all the challenges [...]

    The nascent administration of US President Barack Obama had their first big victory in Congress and celebrated the newly passed $787 billion economic stimulus bill as a “major milestone on our road to recovery.” The House vote was 246-183. The legislation, among the costliest ever considered in the Congress, allocates 120 [...]

Obama’s Stimulus package has been hailed as a “major milestone”. But some of the measures may very well backfire in spite of the noble intentions that initiated them. An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies [...]

While the whole world is reeling under the pressure of economic turmoil, the world’s most populated nation has a story of its own to tell. China has suffered a lot implicitly due to the global economic crisis. Chinese goods are not so in demand anymore and the market is seemingly losing interest in China. Moreover, Chinese competitive edge is [...]