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Archive for the ‘News’ Category
In the oppressive heat of Guantanamo Bay’s Camp 4, highly compliant detainees with long beards hang out their standard issue white uniforms to dry on the wire fences of their commual compound, as others wander around the yard, dropping seed for birds.
They are among the 90% of the 181 detainees remaining in this notorious prison [...]
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- Tags: Obama Battles
As the first half of the year draws to a close, US Treasury bonds have confounded the predictions of doom prevalent at the start of 2010, largely due to the eurozone debt crisis, which has boosted the needs for the US dollar and American government debt.
With US equities currently faltering in and out of negative [...]
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- Tags: US Treasuries
US banks will foot a totl bill of about $2bn in their second-quarter results to pay for the UK tax on bankers’ bonuses. This charge could significantly cut down the earnings at financial groups such as Citigroup, JPMorgan Chase and Bank of America.
With Goldman Sachs alone in line for a $600m-plus charge, the amounts to [...]
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- Tags: UK Tax, US Banks
Food giant Kraft was criticised by the City’s takeover watchdog after it broke a pledge to reverse the closure of a Cadbury factory. The US company made the promise as it was negotiating to buy the confectioner, only to annouce a week after sealing the deal that it would, in fact, close the factory at [...]
According to the Commerce Department, it is announced that helped along by consumer spending, the US economy has expanded for three quarters in a row.
After dragging their heels for several months, consumers finally become a major contributor to economic growth in the first quarter of 2010. Consumer spending grew at an annual rate of 3.6%, [...]
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- Tags: economic growth, US economy
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