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#US Economy

# us-economy - Wednesday 25 June, 2014

Ireland second to Bermuda as 'conduit' for taxable income of US multinationals - IMF staff paper

Corporate tax avoidance is bad for the global economy, paper reports.

US economy suffers sharpest contraction in five years

Severe weather, weak consumer spending growth and higher imports all played a role, according to US Commerce Dept.

# us-economy - Wednesday 9 October, 2013

Obama names Janet Yellen as new chairman of US Federal Reserve

If confirmed by the Senate, Yellen would be the first woman to head a major central bank anywhere in the world.

# us-economy - Monday 14 January, 2013

Obama rules out minting $1 trillion coin to solve US debt woes

“There are no magic tricks here,” says the President, dismissing suggestions that a $1 trillion platinum coin could be minted.

# us-economy - Friday 9 November, 2012

Extract: ‘China looks forward to growth, while the West teeters on the brink’

Martin Jacques says China’s ascendancy and impact is something that people should pay heed to.

# us-economy - Saturday 28 July, 2012

100 days ahead of vote: Obama ahead but vulnerable US

100 days ahead of vote: Obama ahead but vulnerable

President Barack Obama appears to have a slight edge over Republican rival Mitt Romney – but issue of the economy continues to curb his popularity.

# us-economy - Friday 6 July, 2012

Latest US jobs figures show unemployment sticking at 8.2 per cent

New data signals that the US economy is still struggling three years after the end of the recession.

# us-economy - Wednesday 20 June, 2012

Krugman: Elect Mitt Romney and the US will have an Irish recession

The Nobel laureate was warned against Mitt Romney’s economic policies, saving: “Ireland is America’s future”.

# us-economy - Tuesday 5 June, 2012

Did Obama deliberately refer to his opponent as 'George Romney'?

They do call him the ‘Teleprompter president’ – but Barack Obama raised a laugh while stumbling over the name of his rival.

# us-economy - Tuesday 31 January, 2012

'We should get his resume' - Obama offers help to unemployed engineer Hanging With Barack This post contains videos

'We should get his resume' - Obama offers help to unemployed engineer

The US president took part in an online video chat last night in which he also confirmed that the US carries out unmanned drone strikes against suspected militants in Pakistan.

# us-economy - Friday 2 December, 2011

US unemployment at lowest point since March 2009

Unemployment drops sharply from 9 to 8.6 per cent – with 120,000 new jobs being created in the run-up to the holidays.

# us-economy - Thursday 27 October, 2011

Shares continue rally after US records 2.5 per cent GDP growth

The US economy grew at an annual rate of 2.5 per cent in the third quarter of 2011 – averting the risk of a second recession.

# us-economy - Thursday 22 September, 2011

US markets slide despite Fed's $400bn bond investment

The US Federal Reserve announces the purchase of $400bn in 6-year and 30-year bonds, hoping to drive down interest rates.

# us-economy - Friday 9 September, 2011

Obama unveils ambitious €320bn job stimulus plan United States This post contains videos

Obama unveils ambitious €320bn job stimulus plan

An under-fire president demands that Congress get to work on passing an act to tackle America’s growing unemployment.

# us-economy - Thursday 18 August, 2011

Global stocks dive on poor economic data, recession fears

US, Asian and European markets suffered through another hard day as fears of US economic stagnation and concerns about European banks spooked investors.

# us-economy - Monday 18 July, 2011

Stalled US budget talks virtually stagnant

The standoff on US debt continues between Barrack Obama’s Democratic party, and the majority seat holders in Congress, the Republican party.

# us-economy - Monday 18 April, 2011

US debt downgraded to 'negative'

Credit ratings agency Standard and Poor’s has downgraded its outlook for the US to negative on fears country may not be able to address long-term debt issues.

# us-economy - Wednesday 26 January, 2011

Obama asks new generation to face 'Sputnik moment' State Of The Union This post contains videos

Obama asks new generation to face 'Sputnik moment'

In his annual State of the Union address, Barack Obama warns of the global threat to the United States’ economic power.

# us-economy - Wednesday 15 September, 2010

The dollar is sick

The dollar weakens as everything else goes up.

# us-economy - Monday 16 August, 2010

JAPAN HAS FALLEN from its position as the world’s second-largest economy as receding growth hampers the country’s recovery.

Three decades of growth for China have seen it beat Japan in the second quarter.

Analsysts expect China to stay on top this year, as the country’s growth for this year is around 10%, while Japan’s is hovering around 2-3%. Japan’s Nikkei is close to a 13-month low and its 0.6% drop today contributed to a fall in world stock markets today.

Some economists are predicting China will unseat the US as the world’s number one economy by 2030.

Beijing-based UBS economist Wang Tao told the New York Times:

This is just the beginning. China is still a developing country. So it has a lot of room to grow.

China is already the world’s largest exporter, car buyer and steel producer. It is also the world’s number one energy consumer. China’s energy use more than doubled in the past decade.