On Feb 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act (ARRA) of 2009, a comprehensive economic stimulus bill containing a wide variety of programs and expenditures. The ARRA was designed to, among other goals, create and preserve jobs, invest in various infrastructure projects, and incentivize the development of renewable energy industries. ARRA also provided support for a variety of programs directed towards reducing emissions in the transportation sector. Of the nearly $3 billion appropriated to transportation initiatives, the majority of funds were allocated to promote the advancement of electric transportation technologies. On Jun 26, 2009, the American Clean Energy and Security Act of 2009 became the first comprehensive climate change bill to p...
To: BUSINESS EDITORS Contact: Brooke Houghton, Jones Lang LaSalle, +1-312-228-2387, brooke.houghton@am.jll.com
PORTLAND - Sen. Olympia Snowe spoke with job seekers Tuesday at a busy career fair and said government needs to provide businesses with the confidence to invest in new workers and capital equipment. Hundreds crowded into the job fair, held at the Italian Heritage Center, many looking for work after being unemployed for months, if not years. While the recession has been officially over since June 2009, the economic recovery has been largely jobless, with many businesses hesitating to pull the trigger on new hires.
To: NATIONAL EDITORS Contact: Sara Joseph, +1-617-784-5278, or Nick Guroff, +1-617- 784-4753, both of Corporate Accountability International
Continued high unemployment drove the number of Americans living in poverty to a record high in 2010, according to U.S. Census Bureau figures released Tuesday. Although the economic recovery officially began in June 2009, 46.2 million people had annual earnings below the poverty line last year, up from 43.6 million the previous year. That's the largest number in the 52 years for which poverty estimates have been published.
Since its entry into the European Monetary Union in 2001, Greece, bolstered by booming investment, has produced GDP growth averaging about 4% -- easily faster than the euro area as a whole. However, the International Monetary Fund (IMF) recently forecast that Greece's GDP will contract by 0.2% in 2009, breaking a 15-year string of positive GDP growth. However, by comparison, the IMF predicted GDP in the euro area would shrink by 4.2% this year and by 4.1% in the UK. The country's unemployment level is expected to rise to 9% this year and 10.5% in 2010, up from 7.6% in 2008, according to the IMF's forecast. Greece is also suffering as the recession eats into shipping volumes. Meanwhile, along with other European markets, the Athens Stock Exchange had a strong April, rising more than 20%....
... business climate of Greece amid a global economic and financial market meltdown, according to some e... signal improved prospects for economic recovery later in 2009 and in 2010. But the timing, shape a...
Subjects: Budget, Federal : Deficit; Budget, Federal : Government programs, spending reductions; Budget, Federal : National debt; Business and industry : Small and minority businesses; Commerce, international : Group of Eight (G-8) nations; Economy, national : American Recovery and Reinvestment Act of 2009 ; Economy, national : American Recovery and Reinvestment Act of 2009; Economy, national : Credit markets, stabilization efforts; Economy, national : Economic concerns; Economy, national : Economic recovery,...
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