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Archive for the ‘News’ Category
As the mobile electronics and cell phone are becoming increasing popular in automobiles as navigation system, the safety advocates and the government are now pushing for restrictions as thousands of people are reported to be killed in car accident caused by or related to the use of mobile phones.
Following the invitation to distraction, the Transportation [...]
U.S. economic growth have been revised downwards to an annual rate of 5.6% for the fourth quarter of 2009, official figures show.
This is the rate of economic growth in the three months that does the same for a full 12 months.
It has been revised downwards from 5.9% in third estimate of the U.S. Department of [...]
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- Tags: economic
The Obama administration on Friday will announce broad new initiatives to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments.
Another element of the new program is meant to temporarily reduce the payments of borrowers who are unemployed and seeking a job. Additionally, the government will encourage lenders to [...]
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- Tags: Aid Homeowners
The economic problems in the US had increased pressure for a change in the value of the RMB in order to keep the Chinese exports comparatively cheap and stopped other countries from recovering from the global recession.
However, according to the American ambassador to China, it is said that China is reluctant to allow its currency’s [...]
A US bank regulator joined financial executives in calling for changes to consumer protection rules, which is proposed by chairman of the Senate banking committee—Chris Dodd. It is said that consumer protection has the edge and will trump safety and soundness in every case. It is believed to be backwards. These comments are quite unusally [...]
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