News Source: Asian Wall Street Journal
| 5 months ago
Much of the president's initial economic agenda was dictated by circumstance. The implosion of the U.S. financial system put the government in the banking and mortgage business and led the president to propose the biggest refashioning of the...
News Source: Xinhuanet.com
| 5 months ago
President Barack Obama Wednesday unveiled new "rules of the road" for the nation's outdated financial system, the most significant regulatory transformation since the Great Depression in 1930s. Under the plan, the government will make the Fed...
News Source: Hindustan times
| 5 months ago
In what has been billed the most significant overhaul since the Great Depression of the 1930s, Obama hopes to vastly expand the authority of the Federal Reserve and create a new "oversight council" of regulators to watch over financial firms. The...
News Source: New Zealand Herald
| 5 months ago
While it may be valid to describe the global slump as the worst since the Great Depression of the 1930s, it seems the local version is not exceptionally severe. The Treasury and the Reserve Bank have recently offered views of how this recession...
News Source: The Irish Times
| 5 months ago
The initiative comes as economic data continues to show the United States mired in its deepest downturn since the Great Depression, with only tentative signs of a recovery beginning to take hold. Most Asian stock markets fell today, mirroring falls...