Archive for: September, 2010

Feds set to discuss ways to lift the economy

Revive Economy

The Federal Reserve would be holding a meeting on Tuesday to discuss the necessity of implementing additional steps to revive the faltering economy, but will likely delay making major decisions until the end of the year. It will be the last meeting of the Federal Open Market Committee before the Congressional mid-term elections, and given […]

Shops to Hire More Holiday Workers

Holiday Workers

Autumn is set to begin and several retail stores are already filling temporary jobs in preparation for busy shopping during the upcoming holiday season. Shops are expected to hire nearly 600,000 additional workers during the last three months of the year, according to new data from Challenger, Gray and Christmas Inc., a Chicago-based employment tracking […]

New finance Laws Can Hurt Regulation, Shapiro Says

New Limits on Public access to SEC files

Lawmakers were warned on Thursday by Securities and Exchange Commission Chairman Mary Schapiro that proposals to get rid of new limits on public access to SEC’s files would impair the agency’s capability to regulate financial entities. Several bills currently pending seeks to eliminate a provision in the financial reform law that permits the SEC to […]

Paris Hilton Avoids Jail Time

Paris Hilton avoids jail time

Celebrity Paris Hilton has avoided jail time and instead would serve a year of probation as part of a plea deal with prosecutors of her drug charges lawsuit in Las Vegas, according to David Roger, Clark County District Attorney on Friday. She was arrested in Las Vegas in August 27 and charged with drug possession. […]

Dwight Howard visits Haiti to see refugees and play basketball with kids.

Dwight Howard

NBA All-Star forward Dwight Howard of the Orlando Magic visited Haiti on Friday to see refugees and play basketball with kids. The United Nations Children’s Fund (UNICEF) and the Haiti Olympic Committee invited the player to come to the impoverished nation. Upon his arrival in the Caribbean country, Howard announced that he has put up […]

Yuan Appreciation Too Slow, Geithner Says

Yuan Appreciation

U.S. Treasury Secretary Tim Geithner said that the Chinese yuan is still undervalued and that the U.S. will continue to pressure China to let its currency climb faster. “The pace of appreciation has been too slow and the extent of appreciation too limited,” Geithner said in his congressional testimony yesterday. “We have to figure out […]

Acne Linked to Suicidal Thoughts, Scientists Say

Acne Depression

Claims about acne drugs such as Accutane that can allegedly cause depression may be overstated, since acne itself is linked to depression and suicidal thoughts, researchers said on Thursday. Norwegian researchers discovered that those with severe acne have two to three times the level of depression and suicidal thoughts than those who are not suffering […]

U.S. Senate approves small-business aid

Small Business Aid

Following months of stalling, the United States Senate passed a small-business aid measure on Thursday that gives President Barack Obama an election year triumph but shows how tough it has become for lawmakers to work together to find ways to lift the economy and address unemployment. The bill was approved in a 61-38 vote, with […]

Worlwide Air Travel Grew in July, IATA Reports

World Air Travel

Passenger traffic worldwide grew in July, with premium travel climbing 13.8 percent and economic travel by 8.8 percent compared to the same period a year ago, the International Air Transport Association (IATA) reported on Wednesday. “The number of passengers measured by flight segment continued to expand strongly in July. Passengers travelling in first and business […]

Superbug Now in U.S., CDC Says

Officials of the Centers for Disease Control and Prevention (CDC) announced on Tuesday that three cases of infection by a new drug-resistant microbe from India have been reported in the United States. New Delhi metallo-beta-lactamase NDM-1, is the bacterium that is closely related to another bacterium that has been in the United States for many […]

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