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Showing 111 - 120 of 140 results for "Barack Obama"

GFC in a fortnight

BENJAMIN ONG  |  MONDAY, 2 MAR 2009
... and how the ballooning budget deficit will ultimately be repaid. Here, the exit strategy presented by US President Barack Obama is worth watching as it would serve as a template for other government when it comes time to pay their dues. Among others ...

Baracking for the US

BENJAMIN ONG  |  THURSDAY, 26 FEB 2009
... rebuild, we will recover, and the United States of America will emerge stronger than before." While US President Barack Obama's words garnered applause and a standing ovation from both Democrats and the Republicans in the US Congress, Wall Street gave ...

Riccardian equivalence redux

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2009
US President Barack Obama is bringing David Riccardo back from the dead. When the US unveiled its first bailout acronym - TARP -- for the financial sector TARP - last year, I wrote about a theory taught us budding economists called the 'Riccardian equivalence.' ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 25 FEB 2009
... anxiety about the economy. With its dose of positive news Tuesday, the market grew more upbeat ahead of a President Barack Obama's inaugural State of the Union address to Congress. Beaten-down financial shares gained as investors hoped for better insight ...

Nationalisation - that ugly word

BENJAMIN ONG  |  MONDAY, 23 FEB 2009
... not convinced equity markets that the 'beginning of the end' of the global financial crisis is nigh. US President Barack Obama declared these words right after he signed the US$787 billion American Recovery and Reinvestment Act (ARRA) last week. His ...

Thumbs down

BENJAMIN ONG  |  FRIDAY, 20 FEB 2009
Fizzler. This is the equity market's verdict on US President Barack Obama's latest salvo on preserving the 'American Dream'. If the Dow's overnight fall to a six-year low is anything to go by, yesterday's unveiling of the US$275 billion Homeowner Affordability ...

Moral hazard on Main Street

BENJAMIN ONG  |  THURSDAY, 19 FEB 2009
Yes we can! And again, Yes we can! In trying to make this slogan come true, US President Barack Obama has taken the concept of moral hazard from Wall Street to Main Street. Just one day after he signed his autograph on a piece of paper turning the US$787 ...

Market Wrap - Morning

AAP  |  THURSDAY, 19 FEB 2009
... dropped 45.3 points, or 1.33 per cent, to 3,366.9. NEW YORK - Stocks declined on Wall Street on Wednesday as President Barack Obama released details of his $75 billion mortgage relief plan and investors remained uncertain about the prospects for the ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 FEB 2009
... Federal Reserve's regional manufacturing index showed a much deeper contraction in activity than expected. President Barack Obama is set to sign the $US787 billion ($A1.21 trillion) stimulus package into law on Tuesday. He will also be outlining a plan ...

Transcending politics

BENJAMIN ONG  |  TUESDAY, 10 FEB 2009
... government's latest fiscal dole-outs. Wall Street sat on the fence overnight as investors await the approval of US President Barack Obama's proposed stimulus package. The Senate is scheduled to vote on the legislation tomorrow morning (Australian time). ...