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Showing 261 - 270 of 315 results for "Obama"

Main Street versus Wall Street

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2009
... 'trickle down effect' where if you take care of the top, it trickles down to the rest of the population. Trouble for President Obama and AIG is teh reverse seems to be happening. The rest of the population is taking care of a few good AIG men. So good ...

Seize the pay

MICHELLE BALTAZAR  |  TUESDAY, 17 MAR 2009
... excessive executive pay at companies that have received government bail-outs. In the US, local newspapers reported US President Obama's missive for the Treasury to block $165 million in bonuses going towards AIG staff.

AIG: 100 per cent GFC proof

BENJAMIN ONG  |  TUESDAY, 17 MAR 2009
... in extra pay. How do they justify this outrage to the taxpayers who are keeping the company afloat?' US President Barack Obama might be regretting that he did not nationalise American International Group - which is turning out to be the greediest of ...

Spring springs on Wall Street

BENJAMIN ONG  |  WEDNESDAY, 11 MAR 2009
... profitable in the first two months of 2009 following five consecutive quarters of losses. Is this, in the words of US President Obama, 'the beginning of the end?' Or another sucker's rally? The answer is perhaps somewhere in between. Just as I warned ...

Let them have soup

BENJAMIN ONG  |  FRIDAY, 6 MAR 2009
US First Lady, Michelle Obama, shows us the future - and it does not look good. Wall Street and European equities tumbled again while we were sleeping. Part of the reason was disappointment that the much-awaited Chinese medicine was not potent enough ...

The Ides of March

BENJAMIN ONG  |  TUESDAY, 3 MAR 2009
... rumours of nationalisation. Announcement of more government bail-outs and this time, in the US, accompanied by US President Obama's pledge to correct the budget deficit to soothe investors worried about an exit plan. By all indications, the worst of ...

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 ...

Subsidise financial advice: Shiller

MICHELLE BALTAZAR  |  FRIDAY, 27 FEB 2009
... Roosevelt rescued Americans from the Great Depression, Shiller said the government's bail-out package is not enough. The Obama administration needs to ensure that the taxpayers, fronting up the funds, and the homeowners and laid-out workers, worst hit ...

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.' ...