InfoAnda - Obama pitches his plan to reverse economic slide

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Major 7.2 quake hits eastern Indonesia: USGS | 30 September 2010
Grant to help restore bumblebee habitat near farms | 18 July 2009
Australia's deadliest bushfire kills 108 | International | | 9 February 2009

Michael Douglas's son sentenced to 5 years | | 21 April 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : Obama pitches his plan to reverse economic slide

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Obama pitches his plan to reverse economic slide By PHILIP ELLIOTT,Associated Press Writer AP - 1 hour 1 minute ago WASHINGTON - President Barack Obama on Saturday laid out more pieces of an economic plan he says would add 3,000 miles of electrical lines, increase security at 90 ports and double the United States' renewable energy capacity within three years. It was the latest appeal from the new president for a massive spending bill designed to inject almost a trillion dollars into a flailing U.S. economy and to fulfill campaign pledges. As members of Congress consider an $825 billion plan and Obama woos them, his White House released a radio and Internet address directed at voters who want answers. "Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four. And we could lose a generation of potential, as more young Americans are forced to forgo college dreams or the chance to train for the jobs of the future," Obama said in a five-minute address that the White House released early Saturday. "In short, if we do not act boldly and swiftly, a bad situation could become dramatically worse." Along with the speech, Obama's economic team released a report designed to outline tangible benefits of the plan and shore up support. Aides said they wanted people to understand exactly what they could expect _ more schools, lower electricity bills _ if their members of Congress supported the proposed legislation. The United States lost 2.6 million jobs last year, the most in any single year since World War II. Manufacturing is at a 28-year low and even Obama's economists say unemployment could top 10 percent before the recession ends. One in 10 homeowners are at risk of foreclosure and the dollar continues its slide in value. That harsh reality has dominated Obama's first days in office and prompted a Saturday meeting of his economic team at the White House during their first weekend in power. A day earlier, he invited Democratic and Republican leaders to the White House to hear their ideas on the economy, yet Obama didn't share the plan's specifics while they visited. Many of the goals in the speech and report were familiar from Obama's two-year campaign, like shifting to electronic medical records and investing in preventive health care. Other parts added specifics. Obama's recovery package aims to: _ Double within three years the amount of energy that could be produced from renewable resources, an ambitious goal given the 30 years it took to reach current levels. Advisers say that could power 6 million households. _ Upgrade 10,000 schools and improve learning for about 5 million students. _ Save $2 billion a year by making federal buildings energy efficient. _ Triple the number of undergraduate and graduate fellowships in science. The plan would spend at least 75 percent of the total cost _ or more than $600 billion _ within the first 18 months, providing a massive infusion of cash to the struggling economy, either through bricks-and-shovels projects favored by Democrats or tax cuts that Republicans have pushed. Either could produce progress the administration could point to if it needs to justify a second economic package. The broad plan puts heavy emphasis on infrastructure that crumbled as state budgets contracted. Governors have lobbied Obama to help them patch holes in their budgets, drained by sinking tax revenues and increased need for public assistance like Medicaid and children's health insurance. Obama's plan would increase the federal portion of those programs so no state would have to cut any of the 20 million children whose eligibility is now at risk. Obama's plan would also provide health care coverage for 8.5 million Americans who lose their insurance when they either lose or shift jobs. "It's a plan that will save or create 3 to 4 million jobs over the next few years" and recognizes "there are millions of Americans trying to find work even as, all around the country, there's so much work to be done," he said. But he cautioned again against expecting instant results: "No one policy or program will solve the challenges we face right now, nor will this crisis recede in a short period of time." ___ On the Net: Obama video: http://www.whitehouse.gov. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Mayor says car bomb kills 15 in Somali capitalAP - 20 minutes ago UK-World SummaryReuters - 20 minutes ago Uranium nations urged not to sell to IranReuters - 21 minutes ago Suicide car bomb kills 14 in Somali capitalReuters - 26 minutes ago Officials: Suicide car bomber kills 3 IraqisAP - 29 minutes ago Most Popular – World Viewed World crisis deepens as downturn bites in Asia Obama retakes oath of office 'Dogs don't wear condoms,' says Baywatch star Anderson Obama steps up anti-recession offensive US unemployment spikes, housing crisis deepens View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Saturday, 24 January 2009
Marine commandant wants his troops out of Iraq
Gaza recovery in doubt as Israel pressures Hamas | International |
Gazans crowd markets and mosques as calm holds
'Obameter' keeps track of Obama campaign promises
Suspected US missiles kill 15 in Pakistan
Siemens planning to give up stake in Areva: source
Venezuela's Chavez warms to Obama after insults | International |
DTV deal would extend Verizon, AT&T licenses
Iraqi government struggles to win Sunnis' trust
Saakashvili lambasts 'relentless enemy' Putin in TV phone-in
Suspect On Paris Hilton's House Burglary Arrested
Censured U.N. agency to return to North Korea: officials | International |
Encyclopaedia Britannica to let readers edit content
Russia ready to cooperate with Obama on Afghanistan
World stocks close bad week on poor footing
Iraq's Zebari sees no dramatic U.S. disengagement in '09 | International |
Iraq PM urges big poll turnout despite violence
Pope on YouTube fails to excite web surfers
US approves first human embryonic stem cell therapy
Turkey, Iraq, U.S. step up efforts to fight PKK | International |
Obama warns crisis must be dealt with rapidly
German chipmaker Qimonda files for insolvency
Iraq's Zebari sees no dramatic U.S. disengagement in '09
Israel readies for fight against war crime charges
'Hacker' wins right to fight extradition to US
UN seeks massive aid for Gaza, US wants border open
British man killed wife over 'single' Facebook status
Gaza recovery in doubt as Israel pressures Hamas
Number of Internet users tops one billion: comScore
China says Web crackdown to be "long-lasting"
Pope becomes one of world's oldest YouTube stars
Qimonda, Samsung hit by chip market crash
Intel's Barrett to retire as tech crisis simmers | Technology |
Suspected U.S. strikes in Pakistan kill 14
DTV deal would extend Verizon, AT&T licenses | Technology |
Suspected US missile strike kills 18 in Pakistan
U.S. Marines force of 20,000 seen for Afghanistan
China says Web crackdown to be long-lasting | Technology |
NKorea's Kim meets Chinese official
Oil prices jump in volatile market
At least 15 dead as US missiles strike Pakistan
VeriSign to buy Certicom; RIM backs out | Technology |
Suspected US missile strikes kill 18 in Pakistan
Pope becomes one of world's oldest YouTube stars | Technology |
Dubai police arrest man in US consulate threat
'Slumdog' gets weak welcome in real Mumbai slums
FDA Allows First Test Of Human Stem Cell Research
Obama Praises "Wonderful" Choice To Send Gillibrand To Senate
Suspected US missile strikes kill 14 in Pakistan
NY Gov. Paterson Officially Names Congresswoman Kirsten Gillibrand To Hillary's Senate Seat
Suspected US missile attacks reported in Pakistan
Hawaii Rides On Brief Obama Stay To Boost Tourism
Jan 23 Highlights Of Low Points In The U.S. Economy
Obama Makes Case For Stimulus, Warns Of Crisis In First Meeting With Congressional Leaders
Defense Sec. Robert Gates To Undergo Surgery
Board: Satyam to have funding and new CEO soon
Cancer-struck Patrick Swayze to write memoir | Entertainment |
China tells Obama's Treasury pick it is not manipulating currency
Sundance films shine spotlight on global struggles | Entertainment |
Idol David Cook to hit colleges on U.S. tour | Entertainment |
Brendan Fraser masters CGI again in Inkheart | Entertainment |
Indian court stubs out ban on smoking in Bollywood: report | Entertainment |
FDA Approves Trials For Human Embryonic Stem Cell Research
After Endorsing iTunes Prayer Book, Pope Launches Own YouTube Channel
Sienna Miller set for her Broadway debut this fall
Cancer-struck Patrick Swayze to write memoir
Publicist: Patrick Swayze to write book with wife
Obama inauguration classical music was canned and frozen
Sculptor George Segal exhibit opens in Dallas
Aretha gave Obama collection of dad's sermons
English-only proposal defeated in Nashville referendum
Brendan Fraser masters CGI again in "Inkheart"
Best-selling author modest about Slumdog's success
Wood worth more than money at Mexican market
Barack O Blend Made Up Of Hawaiian, Indonesian, Kenyan Beans Sold In Hawaiian Bar
Officials: gunmen kill Sunni family of 8 in Iraq
Iraq repeats pledge to close Iran opposition camp
Demand for peacekeepers exceeds troops, funds: U.N. | International |
Recession grips Britain for first time since 1991
Recession hits Silicon Valley as layoffs pile up
Senator asks Microsoft about job cuts, visas
N.Korea's Kim says wants denuclearization of peninsula | International |
Google loses best workplace crown to NetApp
Intel board chairman retiring in May
Japan launches orbiter to probe greenhouse gases
Cuba FM welcomes Obama order to close Guantanamo
Obama overturns ban on overseas abortion funding
Recession hits Silicon Valley as layoffs pile up | Technology |
Venezuela to ask new US gov't to hand over Posada
NKorea's Kim Jong Il meets with Chinese official
Senator asks Microsoft about job cuts, visas | Technology |
Japan launches orbiter to probe greenhouse gases
Suspected US missile strike kills 18 in Pakistan
Oil prices baffle traders; soar 6 pct to end week
Asian clubs raid top A-League clubs for stars
Year of the Ox looking very un-bullish, seers say
U.S. Drone Attacks Resume In Pakistan, Kill 20
Wall Street Pares Early Losses On Financials, Tech Rally
President Obama Wrangles With Lawmakers Over Stimulus Package Proposal
Russia, China revise aluminum projects in Guyana
China Vows To Continue Filtering "Vulgarity" On Internet
Bahamas police investigate Travolta extortion plot
US-ENTERTAINMENT Summary
Mike Myers bomb leads Razzie Award contenders
"Idol" David Cook to hit colleges on U.S. tour
CORRECTED: "Benjamin Button," "Slumdog" lead Oscar nominees
Indian court stubs out ban on smoking in Bollywood: report
Indian PM Singh undergoes bypass surgery | International |
US-TECH Summary
Russia says ready to work with U.S. on Afghanistan | International |
Senegalese centre signals Africa's will to wipe out leprosy
Obama to meet with economic team as he works on stimulus, budget
China says 90 percent of families take toxic milk deal | International |
China denounces U.S. currency accusation | International |
Bolivia nationalizes Chaco oil company
Mexico suspect says he dissolved 300 bodies | International |
China warns of economic distress and long-term ills | International |
WW2 mortar rounds found in Manila's U.S. Embassy | International |
Obama order ends 'unwarranted' restrictions on abortion
US military deaths in Iraq war at 4,230
US military deaths in Afghanistan region at 570
Intel's Barrett to bow out as tech crisis simmers | Technology |
Rusty Serena on track as French tennis opne revolution gathers pace
Maryland Teen Who Killed Parents, 2 Brothers Get 4 Life Sentences
Indian prime minister begins heart bypass surgery
Deputy Leader Of Al-Qaeda In Yemen Was Former Gitmo Detainee
Senator asks Microsoft about job cuts, visas | Technology |
US, Afghan villagers differ over 15 killed in raid
Ex-New York State Senate Majority Leader Indicted For Corruption
Indian PM in heart surgery
Fannie Mae Starts Laying Off Hundreds Of Staff
WWII bombs found in US Embassy compound in Manila
Obama Orders Lifting Of Funding Ban For International Family Planning Groups Offering Abortion
Malaysia seeks return of 2 citizens in Guantanamo
Thailand calls conference on refugees
Chinese FM, Clinton talk about bilateral relations
New Zealand dairy accepts milk scandal verdicts
Pakistani cenbank sells 11.5 bln rupees of T-bills
Japan to offer public funds to non-financial firms: reports
Nissan's loss seen to top 100 billion yen: report
Top Taiwan steel maker reports first loss -papers
Bahamas police probe Travolta extortion allegation | Entertainment |
Indian court stubs out ban on smoking in Bollywood: report | Entertainment |
Three killed in Indonesian land dispute: police
Dudamel wants 'innovative' stay at LA Philharmonic
Bahamas police probe Travolta extortion allegation
'Slumdog' gets weak welcome in real Mumbai slums
Uranium nations urged not to sell to Iran
Gaza recovery in doubt as Israel pressures Hamas | International |
U.S. military kills 15 Afghan militants | International |
Iraq asks Iran opposition group to move voluntary
Suicide car bomb kills 14 in Mogadishu: witnesses | International |
Gaza's war-scarred children go back to school
China hits back at U.S. in currency row | International |
Suicide car bomber kills five policemen in Iraq
Iran seen to rank students and housewives as employed
Russia says ice thawing with NATO: envoy | International |
Pope rehabilitates Holocaust denier, angering Jews | International |
Sudanese forces bomb town in Darfur: U.N. | International |
Uranium nations urged not to sell to Iran: report | International |
Obama pitches his plan to reverse economic slide
Kim Jong-il alone to decide North Korea successor
4 die in insurgent attack in southern Thailand
Indian PM Singh reported stable after surgery
One whale survives mass Australia beaching
Report: Kim's son hints no decision on successor
Pakistan should get more US aid: Musharraf
Sri Lanka soldiers seize rebel camp in north
China reports fourth bird flu death in a month
Islamic clerics mull smoking ban in Indonesia
Pacific meeting on Fiji sanctions to go ahead
Indian critics praise 'Slumdog Millionaire,' audiences mixed
Gaza's war-scarred children go back to school
Some 700 illegal migrants flee Italian detention centre
Sudanese forces seen to bomb town in Darfur
Four children killed as storms rage across Spain, France
Belgium reels after creche stabbings, man charged | International |
Gaza schools open but young minds closed to peace
Obama aims to ink $825bln stimulus within a month
Anarchists clash with Greek police in Athens march | International |
Jailed China dairy boss to appeal verdict
Update: Toy Company Selling 'Sasha' And 'Malia' Dolls; First Lady Not Happy
Blagojevich's Defense Attorney Quits Case
Nine People Wounded In Miami Shootout; Two Dead
Taraji P. Henson caps a stellar week at SAG Awards
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01