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Showing 71 - 80 of 108 results for "US Congress"

No protection in protectionism

BENJAMIN ONG  |  FRIDAY, 19 JUN 2009
... trend that could short-circuit the impending recovery. And its name is protectionism. During the Great Depression, the US Congress passed the Smoot-Hawley Tariff Act, raising tariffs on American imports. Didn't work. Never would. Why? Because other countries ...

Fully sick

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2009
... being sold short. And what if the economy double dips and the Big Ten find themselves needing money anew? What if the US Congress - looking at the budget blow out - does not allow anymore re-lending? The reasoning goes that this could spark even greater ...

Budget me a recovery

BENJAMIN ONG  |  MONDAY, 4 MAY 2009
... vu brewing in national governments' response to quickly correct their sharply widened budget deficits. In 1932, the US Congress reduced spending and raised income taxes of high wage earners to bring the budget back in balance. In 2009, US President Barack ...

Baracking for the US

BENJAMIN ONG  |  THURSDAY, 26 FEB 2009
... President Barack Obama's words garnered applause and a standing ovation from both Democrats and the Republicans in the US Congress, Wall Street gave a whispered, almost sarcastic 'yey' judging from its overnight performance. There is no question that ...

Market Wrap - Midday

AAP  |  WEDNESDAY, 11 FEB 2009
... weather a weak lead from the United States. The local market saw little relief as investor confidence ebbed after the US congress haggled over its stimulus package. By 1200 AEDT the benchmark S&P/ASX200 index was down 44.8 points, or 1.28 per cent, at ...

Market Wrap - Morning

AAP  |  TUESDAY, 10 FEB 2009
... cent, to 865.26. LONDON - European stocks rallied late in trading, powered by the banking sector on expectation the US congress will approve President Barack Obama's plan to stimulate the recession-hit US economy. In London the FTSE 100 index added 15.74 ...

Sucked in

BENJAMIN ONG  |  TUESDAY, 27 JAN 2009
Roll out the money-making machine. The US economic and financial situation continues to burn while the politicians fiddle. In spite of the goodwill that Barack Obama took with him to the Oval office and the fact that he has already etched a 'game plan' ...

Santa Obama

BENJAMIN ONG  |  TUESDAY, 9 DEC 2008
... Program (TARP). Even if these were to be followed by concrete action and while we could be assured that this time, the US Congress will pass Obama's plan when he takes office on 20 January 2009, 20 January 2009 is still miles away. Not to mention, delays ...

Market Wrap - Morning

AAP  |  FRIDAY, 21 NOV 2008
... to 3332.6. NEW YORK - Stocks have plunged again to levels not seen in more than five years as hopes fade that the US congress will soon put together an aid package for US carmakers. Huge declines in the financial and energy sectors led stocks lower. ...

The best forecaster

BENJAMIN ONG  |  WEDNESDAY, 19 NOV 2008
... Greenspan - would also recall one of his musings, the long-term interest rate conundrum. In his testimony before the US Congress in February 2005, Greenspan declared that: 'In this environment, long-term interest rates have trended lower in recent months ...