2012 President Obama State of the Union Barack Obama's State of the Union address 2012 Here is the Speech…. according to the New York Times…but not on….. are many other issues that effect the American People…yesterday, today & tomorrow ……that were not addressed in the speech at all…….as there are so many problems around us it is hard…
The US economy grew more than expected in the third quarter, official figures showed. The world’s largest economy expanded at an annualized rate of 2% in the third quarter, the Commerce Department said. The jump was partly due to a large increase in government spending. The figures are one of the last pieces of important economic data before the US presidential election between Barack Obama…
The German economy returns to growth in the first quarter of 2012 with a better-than-expected 0.5% rise in GDP, official figures have shown. In Q4 2011, the German economy contracted by 0.2%, its first dip since 2009. Meanwhile, the French economy recorded zero growth in the first quarter, after growth of 0.1% at the end of 2011. Figures released later on Tuesday are expected to show that the eur…
The Chinese economy, world’s second-largest, has slowed and performed worse than many analysts expected in the first quarter of 2013. Annual growth was 7.7% in Q1 2013, compared with 7.9% in Q4 2012. Analysts had forecast a figure closer to 8%. China wants to spur growth after it hit a 13-year low in 2012. Other key data on Monday also came in lower than market expectations, raising questio…
The Office for National Statistics in UK has announced that the country’s economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics (ONS) said. A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth qua…
German economy grew by 0.3% in the second quarter of 2012, helped by exports and domestic consumption. Earlier, France announced its economy had recorded zero growth in the period, which was better than had been expected. The French economy had also posted zero growth in the previous two quarters. Official gross domestic product (GDP) figures from the whole of the eurozone are due out from the st…
id Christian Schulz at Berenberg Bank. “It’s hardly a surprise that consumption has increased due to low unemployment, rising wages and a low rate of inflation.” The economies of the 27 members of the EU also contracted by 0.2%. Among the eurozone’s biggest contractions, Portugal’s GDP shrank 1.2%, Cyprus recorded a 0.8% contraction and Italy was down 0.7%. Comparable…
France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of 2013, according to official figures. The country’s economy shrank by the same amount in the last quarter of 2012. A recession is defined as two consecutive quarters of negative growth. France has record unemployment and low business and consumer confidence. German figures, also released,…
South Korea’s economy growth rate hit a two-year high in the first quarter of 2013, boosted by a rebound in construction, investment and exports. The economy grew by 0.9% in the January to March quarter from the Q4 2012, the central bank’s estimates showed. The data is likely to help allay fears over the health of the Korean economy. Earlier this year, the government cut its growth fo…
loyment rate is a sad reminder that the economy is at a virtual standstill,” Mitt Romney said. “The jobless rate is higher than it was when President Obama took office, and there are still 23 million Americans struggling for work.” The number of jobs created in the previous two months was revised upwards, with an extra 34,000 jobs added in September and 50,000 added in August. De…
…7;s tax plans would add jobs and promote economic growth. Later, the two outlined their competing plans on the Medicare healthcare programme for over-65s. Joe Biden defended the administration’s 2010 health insurance overhaul, dubbed Obamacare; Paul Ryan derided it as a government takeover of the healthcare industry and repeated a disputed assertion that Barack Obama had pulled money from Me…
The US economic growth slowed in the second quarter to an annualized pace of 1.5%, as consumer spending eased. But growth in the first three months of the year was revised up to 2% from a previous estimate of 1.9%, the Commerce Department said. Previous data was also revised to show the economy shrank by less during the 2007-9 recession than thought. Despite the slowdown, the second quarter growt…
…rrowing down. The last round of asset purchases ended last year. Mortgage-backed securities are debt backed by loans made to homeowners. The unemployment rate in the US has been above 8% since January 2009, but the current 8.1% is down from the recent high of 10% in October 2009. “To support continued progress toward maximum employment and price stability, the committee expects that a highly…
echnically ready” for negative deposit rates. The euro fell sharply on the comments, losing 0.6% against the pound to 84.135p, edging it towards the recent low of 83.98p that it reached on April 26. Against the dollar, the euro fell below $1.31. In recent months there have been growing calls for European countries to move away from austerity measures, which critics say are stifling growth. I…
The Bank of Japan (BOJ) has announced it will dramatically expand the country’s money supply, as it tries to stimulate the economy growth. The Japanese central bank vowed to boost an asset purchase programme and meet a 2% inflation target in two years, after a two-day meeting, the first chaired by new governor Haruhiko Kuroda. Japan’s economy, the world’s third-largest, has been…
China’s economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US and Europe. Gross domestic product rose by 7.6% in the second quarter, compared with the same period a year ago. That is down from 8.1% in the previous three months. In March, Beijing cut its growth target for the whole of 2012 to 7.5%. China accounts for about a f…
Japan’s economy contracted in the third quarter of 2012, as a global economic slowdown and anti-Japan protests in China hurt its exports, while domestic consumption remained subdued. Japan’s gross domestic product (GDP) contracted 3.5% from a year earlier. Compared with the previous three months, the economy contracted 0.9%. The weak data is likely to put pressure on the government to boost…
The German economy slowed to “near stagnation” in March 2013, while France’s recorded its biggest contraction for four years, according to a Markit survey. The Markit composite purchasing managers’ index (PMI), which measures both the manufacturing and services sectors, declined to 50.6 in Germany last month, from 53.3 in February. Any figure above 50 indicates growth. Fra…
the eurozone’s bailout fund to help support its banks, which are struggling with bad debts from loans made in the property sector. Despite this, the official figures show that Spain grew during 2011 as a whole despite earlier statements that it had shrunk for the year. But the economy contracted in 2010 more than had been stated. The European Central Bank has said it will come up with ways…
in July Rob Dobson, senior economist at Markit said: “The August Markit Eurozone Flash PMI reinforces the prevailing view of the economy dropping back into recession during the third quarter of 2012. “Taken together, the July and August readings would historically be consistent with GDP falling by around 0.5%-0.6% quarter-on-quarter, so it would take a substantial bounce in September…
…th by $3.2 billion, or $12.8 billion at an annual rate,” Michael Feroli wrote. That 0.33 percentage-point boost, he added, “would limit the downside risk to our Q4 GDP growth protection, which remains 2.0 percent”. Michael Feroli laid out his math. J.P. Morgan’s analysts expect Apple to sell around 8 million iPhone 5s in the fourth quarter. They expect the sales price to be about $600. With…
…or the Euro area as a whole.” Greece’s international lenders have agreed to take steps to reduce the country’s debts, from an estimated 144%, to 124% of its gross domestic product by 2020. These include cutting the interest rate on loans to Greece, and returning 11 billion euros to Athens in profits from ECB purchases of Greek government bonds. Ministers have also agreed to help…
The number of unemployed people in France has topped 3 million for the first time since 1999, according to latest labor ministry figures. August’s jobless total rose by 23,900 to 3.011 million, a 9% increase on a year earlier, marking the 16th consecutive monthly rise. Speaking before the data was officially announced, Labour Minister Michel Sapin said: “It’s bad. It’s cle…
…ss a deal is struck. Barack Obama has repeatedly called for the wealthy to pay more taxes, but such a plan is anathema to Republicans. The fiscal cliff would see Bush-era tax cuts expire at the end of 2012, combined with automatic, across-the-board reductions to military and domestic spending. The International Monetary Fund has repeatedly warned that failure by US lawmakers to reach a deal would…
Asian markets have risen, following gains on Wall Street, after the US Federal Reserve unveiled its latest stimulus plan. The US central bank said it would buy $40 billion of mortgage debt a month and kept interest rates at below 0.25%. It said it would also continue its programme to reduce long-term borrowing costs for firms and households. Japan’s Nikkei 225 index rose 1.8%, South Korea&#…
Princess Charlene of Monaco boards Roberto Cavalli's yacht for a star party in CannesPrincess Charlene of Monaco boarded designer Roberto Cavalli's yacht in Cannes on Wednesday evening as the designer invited a number of big names to let their hair down for…
De Grisogono diamond necklace stolen during Cannes Film FestivalA De Grisogono necklace reportedly worth 1.9 million euros has been stolen during the Cannes film festival, in the second such theft to hit this year's event. The expensive…
Miranda Kerr wardrobe malfunction during shooting for her make-up range Kora CosmeticsAfter years of perfectly posing for lingerie giant Victoria's Secret it seems model Miranda Kerr accidentally reveals much more than she intended when shooting for her…
Christie Brinkley poses in a swimsuit at 59Former supermodel Christie Brinkley has posed in a swimsuit at 59 - for the first time in over 30 years. Christie Brinkley rolled back the years to her glory days as one of…
Face Trainer: Training balaclava claims to tone up saggy facesFace Trainer, the latest product to hit the market promising a youthful complexion, may leave even the most dedicated beauty disciple at a loss for words. In the same way…
Eva Longoria humiliating wardrobe malfunction at Cannes Film FestivalEva Longoria has suffered an extremely embarrassing wardrobe malfunction as she unfortunately revealed far more than she intended to upon screening of Jimmy P. (Psychotherapy…
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