25 Feb 09 Obama vows to lead US from dire 'day of reckoning'
WASHINGTON – President Barack Obama promised a nation shuddering in economic crisis Tuesday night that he would lead it from a dire “day of reckoning” to a brighter future, summoning politicians and public alike to shoulder responsibility for hard choices and shared sacrifice. “The time to take charge of our future is here,” Obama declared, delivering his first address to a joint session of Congress. Offering words of reassurance to an anxious nation, he declared, “Tonight I want ev... Full article23 Feb 09 Economic Crisis May Be Worse Than Great Depression
NEW YORK — “Even the experts don’t quite know what’s going on.” Speaking to a number of those experts Friday, Paul Volcker, a top economic adviser to President Barack Obama, cited not only the lack of understanding of the global financial meltdown but the “shocking” speed with which it had spread across the world. “One year ago, we would have said things were tough in the United States, but the rest of the world was holding up,” Volcker told a conference featuring ... Full articleTags: economic crisis
08 Dec 08 Russia urges for peace mechanism in Northeast Asia
Russia hopes to continue efforts at establishing a peace mechanism in Northeast Asia, a senior Russian diplomat said here Sunday before a new round of nuclear talks on the Korean Peninsula. ”Russia hopes for continuing work on forming foundations of a mechanism of peace and security in the region…This question is on the agenda of the coming meeting,” Ambassador-at-Large Grigory Logonov was quoted by Itar-Tass news agency as saying. Chief negotiators from China, the United States, the De... Full articleTags: northeast asia, peace, peace mechanism, Russia oppnion
26 Nov 08 Economic growth rate slows to 10 year low
SA’S ECONOMIC growth rate slowed to a decade low in the third quarter, official data showed, as a series of interest rate hikes took their toll on consumer demand. Statistics SA said third quarter GDP braked to 0,2% on a seasonally adjusted and annualised basis, compared to an upwardly revised 5,1% growth in the second quarter. The third quarter figure was the lowest since the same period in 1998. On an unadjusted basis, SA’s economy grew by 2,9% compared to the third quarter last year. Stats SA said the economy... Full articleTags: economic, economic growth
