China may raise rates when CPI above 2.25 percent: adviser
SHANGHAI (Reuters) – China might increase interest rates once consumer inflation exceeds the one-year benchmark deposit rate of 2.25 percent, a prominent government adviser said on Monday.
Taiwan petrochemicals need China trade pact to survive its economy
(ChinaPost.com.tw) – About a year ago, the Taiwan Synthetic Resins Manufacturers Association (TSRMA) held a press conference for the first time in 20 years to ask the government to save the local petrochemical industry from “a life or death situation…
China plans measures to cut overcapacity
(ChinaPost.com.tw) – The People’s Bank of China Deputy Governor, Zhu Min, said the government plans new measures to rein in overcapacity in steel, cement and other industries amid a surge in bank lending.
U.S. bailouts created more risk in system: watchdog
(ChinaPost.com.tw) – The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.
Pope urges ‘responsibility’ during tough times
Pope Benedict XVI has urged sense of responsibility from governments, employers and workers as they deal with job losses from the economic crisis.
The Changing Composition of the GDP
Zacks.com submits: By Dirk van DijkWith the release of the first cut at the 4Q GDP, it is worth taking a look at what the overall composition of GDP looks like, and how it has changed over time. GDP is equal to the sum of spending by the Consumer, B…
US bailouts ‘failed to stop recklessness’
• Neil Barofsky warns government risks housing bubble • Troubled Asset Relief Program cost US taxpayers $700bn Washington’s efforts to fix America’s financial system have created a “heads I win, tails the government bails me out” mentality on Wall Street, according to a stinging report from the watchdog in charge of monitoring the government’s bank [...]
Davos forum ends with no agreement on jobs
The world’s foremost gathering of business and government leaders wrapped up a five-day meeting Sunday with widespread agreement that a fragile recovery is under way.
Business – Davos – Government – Employment – Central America
Obama wants a retirement plan for all
President Barack Obama is launching an effort to help Americans save more for retirement, hoping a government nudge or two can get them to do what many are unable to do on their own.
No immediate swingeing cuts under Tories, says David Cameron
A Conservative government would not slash public spending on taking power after election, leader saysA Tory government would not make immediate “swingeing cuts” to public spending on taking office David Cameron said today, after the party was forced to deny a policy rift between the leader and the shadow chancellor, George Osborne.Cameron said while [...]