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Bush: Measures will take time to impact economy (Reuters via Yahoo! News) U.S. President George W. Bush on Friday said the jump in unemployment last month reflected the challenges facing the Economy and that it will take time for measures to address the financial crisis to take effect. Two-part stimulus package needed to boost economy: Pelosi (AFP via Yahoo! News) A new stimulus package to boost the lagging US Economy should come in two parts, House Speaker Nancy Pelosi said in an interview published in the Friday Wall Street Journal. Pickens: Greener U.S. would boost security, economy (CNN) Billionaire T. Boone Pickens says he doesn't know "where bottom is" regarding the U.S. economy, but he believes weaning America off foreign oil will create jobs and improve national security. Mattel cuts about 1,000 jobs citing economy (Reuters via Yahoo! News) Top U.S. toymaker Mattel Inc announced on Thursday it was cutting about 1,000 jobs, saying the global economy had entered "one of its most challenging and difficult periods in the last 100 years." Obama's priority: Fixing the economy (CNN) When it comes to priorities, many polls suggest Americans want President-elect Barack Obama to fix the economy first when he enters the Oval Office in a little more than two months. New Canadian government to focus on economy (Reuters via Yahoo! News) Canada's Conservative government, which won re-election last month, plans to focus on the economy and avoid battles with opposition parties over its justice policies, a senior aide to Prime Minister Stephen Harper said on Friday. Obama to center stage, promises action on economy (AP via Yahoo! News) Inheriting an economy in peril, President-elect Obama warned on Friday that the nation faces the challenge of a lifetime and pledged he would act urgently to help Americans devastated by lost jobs, disappearing savings and homes seized in foreclosure. But the man who promised change cautioned against hopes of quick solutions. Economy: Depressing but not a Great Depression (USA Today) The U.S. economy is in bad shape stocks, banks and housing markets but it's nothing we haven't seen before. Nearly every generation has faced a period of economic upheaval and uncertainty. Only the financial problems themselves have changed. These problems, like those in the past, will be solved with new solutions that must be found, says economist Ken Goldstein of the Conference Board. Today's ... Latvia's economy contracts in 3rd quarter (AP via Yahoo! News) Latvia's economy crashed in the third quarter, the national statistics office said Friday, with output shrinking 4.2 percent year-on-year as the global financial crisis accelerated the Baltic nation's woes. Obama meeting with advisers as economy sputters (AP via Yahoo! News) President-elect Obama is seeking some economic advice from leaders of business, government and academia, making the struggling Economy ? the nation's No. 1 concern ? his first order of public business. |
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