All sides of design
Latest news
After House, Senate Votes 77 to 18 for Peru Trade Bill. The Senate gave decisive backing yesterday to a U.S.Peru free-trade agreement, opening the way for expanded economic ties with the Andean nation and giving the administration a boost in its quest to shore up relations with Latin America.
On Wall Street, Mortgaged Principles. I don't know about you, but I got a real big kick yesterday listening to Wall Street sharpies and their free-market allies warning about how the mortgage plan brokered by the Bush Treasury would undermine confidence in U.S. financial markets.
Hiring, Wages Increase Modestly. Companies created jobs at a moderate pace in November, the government said yesterday, suggesting that the labor market has not suffered excessively from the housing and financial market crises.
Fed Cuts Key Interest Rate By Quarter Point; Stocks Fall. The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.
U.S. Gains More Access to Data On Chinese Exports. BEIJING, Dec. 12 -- Chinese officials on Tuesday agreed to implement a detailed experimental tracking and data-sharing program for a limited number of foods, drugs, and medical devices bound for the United States. U.S. officials hailed the agreement as a breakthrough, but independent food safety..
Inflation Jumps on Fuel, Energy Costs. Consumer prices increased by their fastest pace in more than two years in November, cutting into wages and raising the likelihood that the Federal Reserve will hold off on further interest rate cuts even as the economy slows.
Bush's Budget Wins May Cost Him. As Congress stumbles toward Christmas, President Bush is scoring victory after victory over his Democratic adversaries. He has beaten back domestic spending increases, thwarted an expansion of children's health insurance coverage, defeated tax hikes, won funding for the war in Iraq and pushed Dem..
In Speech, Bush Tries To Ease Fears On Economy. President Bush attempted yesterday to calm Americans' anxiousness about the economy, even as he acknowledged that the nation's financial forecast is not entirely sunny because of the credit-market and mortgage crises.
Bush Is Upbeat About Economy's Prospects. The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.
Stock Market Shows Resilience In a Year of Economic Turmoil. NEW YORK, Dec. 31 -- After a year of stomach-churning swings, U.S. stocks managed to finish 2007 with a modest gain despite a worsening credit crunch and concerns about an economy possibly headed for recession.
The Stress Is Just Beginning. NEW YORK If the first three trading days of the year are any indication, 2008 is bound to test the nerves of even the most poised investors.
For Fed, It's Not Clear-Cut. Ben S. Bernanke and his colleagues at the Federal Reserve will decide today whether to cut interest rates for the second time in a week -- and find themselves in the difficult position of having either to risk cutting rates too much or risk disappointing financial markets and spurring more panic.
Worried Fed Cuts Key Rate Again. The Federal Reserve cut a key interest rate yesterday for the second time in just over a week, as its leaders concluded that the distress in financial markets is a sufficiently grave threat to ordinary Americans to warrant the most aggressive campaign of rate cuts in the modern history of the cen..
U.S. Concern Over Economy Is Highest in Years. Public views of the national economy are now more negative than at any point in nearly 15 years, and few people believe that the kind of stimulus plan being devised by President Bush and Congress is enough to stave off or soften a recession, according to a new Washington Post-ABC News poll.
A Great Debate Over the Price Of a Pair of Honduran Socks. The humble cotton sock has become the center of an international trade dispute.
Bernanke Doesn't See Stagflation. The economy is not close to a 1970s-style mix of stagnant growth and high inflation, Federal Reserve Chairman Ben S. Bernanke said yesterday, but he painted a generally dour outlook and cautioned that the downturn is likely to cause some small banks to go under.
What's New: An Online Update for Frommer's Provence & the Riviera. Securing scooter rentals, dining on viands in Avignon, celebrating 40 years at Hotel Byblos, and more updates from the South of France.
Jarden's 'Rope a Dope' Investor Relations. Jarden Corp. continues to demonstrate how desperate it is to mask its deteriorating operations and support its overvalued share price by issuing laughable press releases.
Forecasts for Crude Oil Rise to $105 on New Trading High. Just three years ago, Goldman Sachs shocked the investing world by sharply raising its oil price forecast for 2005 to an average of $50 a barrel. Two months ago, the investment bank predicted that oil prices would average $95 a barrel in 2008.
Federal Pay Caught Up in Fiscal 2009 Budget Debates. It's the start of budget season on Capitol Hill. Congressional budget committees begin writing their fiscal 2009 spending plans this week, no doubt tossing out and reshaping many of President Bush's priorities. Democrats and Republicans -- especially because it's an election year -- will be joust..
DHS Tests of Radiation Detectors Were Inconclusive, Report Says. Department of Homeland Security tests of new radiation detection machines last year did not show whether the costly devices performed well enough to be used as planned at ports and borders to protect the country against nuclear attacks or dirty bombs, according to a new report about the process.
Government Buildings to Get Added Protection. The police force in charge of protecting most federal buildings, recently criticized as understaffed and demoralized, will soon add officers.
Drugs for Elderly More Costly, Study Finds. Drugmakers increased prices by an average of 7.4 percent last year for the brand-name medicines most commonly prescribed to the elderly, according to the advocacy group AARP.
Six Flags Agrees To Help Build Park in Dubai. Six Flags, the struggling amusement-park chain controlled by Washington Redskins owner Daniel Snyder, said yesterday that it is teaming up with a Dubai developer to build a theme park in the Arab emirate as part of a huge entertainment complex.
Even in Victory, Clinton Team Is Battling Itself. For the bruised and bitter staff around Sen. Hillary Rodham Clinton, Tuesday's death-defying victories in the Democratic presidential primaries in Ohio and Texas proved sweet indeed. They savored their wins yesterday, plotted their next steps and indulged in a moment of optimism. "She won't be..
DHS Strains As Goals, Mandates Go Unmet. Stumping for President Bush's ill-fated immigration overhaul in 2006, Homeland Security Secretary Michael Chertoff vowed that his department would wrest "operational control" of the nation's borders away from human and drug traffickers within five years.
Yahoo Plays for Time In Bid to Resist Microsoft. Yahoo said yesterday that it postponed the deadline for nominating directors, seeking time to try to fend off a $44.6 billion takeover bid from Microsoft.
House Democrats Want Tax Hike to Offset AMT Loss. House Democrats want to use a parliamentary maneuver to push a $70 billion tax increase through a reluctant Senate, a move intended to spare millions of taxpayers from an unpopular tax without driving up the deficit.
Congress Threatens To Pull Funding for Air Force Tankers. Congressional leaders threatened yesterday to withhold funding for one of the U.S. military's biggest aircraft programs because the $40 billion contract went to a group that includes a European manufacturer.
Tribute to the Lost Border Heroes. The blue stone, bearing the names of the fallen, glistened in the steady rain as an honor guard marched across the plaza of the National Law Enforcement Officers Memorial.
latest news from design world
