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Showing 71 - 80 of 92 results for "President Obama"

Market Wrap - Morning

AAP  |  THURSDAY, 18 JUN 2009
... credit rating and revised the outlook on 22 US banks, citing market volatility and tighter regulatory supervision. President Obama also unveiled wide financial regulatory reform plans that will see the Federal Reserve gain broad powers and a national ...

Spin-a-win

BENJAMIN ONG  |  FRIDAY, 12 JUN 2009
... However, the bears could win medium term (after three or four years?). Why this time span? Because it is when US President Obama promised, "Yes, we can!" cut the budget deficit in half, that is. If he makes good on his promise income taxes - personal ...

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.

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
... -- the highest since record began in 1972. Loans in foreclosure rose to a record 3.3 per cent. Ironically, US President Obama's new acronym the HASP or Homeowner Affordability and Stability Plan would only tend to increase these delinquencies. Rational ...

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 ...

Riccardian equivalence redux

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2009
... taxes - those earning high wages anyway - to pay for their government's debts. Last Monday's summit convened by President Obama gave an end point to the long run - within the next four years. Obama promised to cut America's budget deficit - reported ...

Thumbs down

BENJAMIN ONG  |  FRIDAY, 20 FEB 2009
... lower US homeowners' mortgage repayments and stem the flow of foreclosures scored a big thumbs down. No doubt President Obama's intentions are good and the target rationale. Rising foreclosures are depressing house prices. Falling house prices are depressing ...

Moral hazard on Main Street

BENJAMIN ONG  |  THURSDAY, 19 FEB 2009
... of gung-ho investment institutions and investors. This time, it is the American homebuyer's turn, courtesy of President Obama. Who's next? Credit card borrowers? Personal loans? Reading through the news reports, I noticed very minimal criticism of Obama's ...