Word: monday
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...Monday...
President-elect Barack Obama filled the last of the four top economic positions Monday, announcing that his Council of Economic Advisers will be chaired by University of California at Berkeley economist Christina D. Romer, who was a subject of national indignation earlier this year when Harvard did not offer her a tenured professorship. Economists, including Harvard professor N. Gregory Mankiw, a former CEA chief under President Bush, have hailed Obama’s pick as an “excellent choice.” Though the role of the CEA has been diminished since former President Clinton created the National...
Greenstein's center released a new study on Monday projecting a sharp rise in the number of people living below the poverty line, which is roughly $21,200 annually for a family of four, according to the Department of Health and Human Services. An estimated 36.5 million Americans currently live below the poverty line, but those numbers will probably increase by as many as 10.3 million if current projections for the depth and duration of the recession hold true. According to the center's analysis, the number of poor children will grow by as many as 3.3 million...
President-elect Barack Obama voiced new concern over the economy on Monday when announcing picks for his White House economic team, saying a new economic-stimulus package was needed right away in addition to the ongoing efforts to pump more than $700 billion in federal rescue funds into ailing businesses like Citigroup. There was no indication how any of that round of spending will reach the growing numbers of the nation's neediest...
Shares of the Hong Kong-listed Gome Electrical Appliances Holding were suspended Monday, after the company announced that it was unable to verify the reports of Wong's detention. The company announced Gome "is making necessary enquires for the purpose of verifying the allegations." Shandong Jintai shares were also suspended...