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Discount Rate Hike A Symbolic 1st Step By Fed, Analysts Say


Investor's Business Daily – Thu Feb 18, 7:18 pm ET

The Federal Reserve raised a largely symbolic interest rate late Thursday, but it signals
policymakers' readiness to start removing the massive stimulus enacted during the
financial crisis. Full Story »

Long-term unemployment rising


By Brian Groom,Business and Employment Editor

Just as the labour market showed signs of stabilising, the picture darkens again. What is
going on? The answer is that the market is still performing better than in past recessions,
but we have almost certainly yet to reach the turning point and there are significant areas
of pain.

“Yes, the worst of the job losses are behind us; and, yes, overall job losses have been less
than feared due to employer and worker flexibility, but it is unrealistic to expect the
number of unemployed to have peaked when the economy is still barely growing after
extended, deep recession,” said Howard Archer, an economist at IHS Global Insight.

Managers poised for more damaging cuts

By Stefan Stern

Almost 70 per cent of public sector managers have already experienced budget cuts in the
past year, a new survey revealed on Thursday, with the expectation of much deeper and
potentially damaging cuts to come.

A report from the Institute for Leadership and Management (ILM), called “Leading
change in the public sector 2010”, also showed that nine out of 10 public sector managers
expect to see budget cuts over the next 12 to 18 months.(Gw Equity - Gw Equity Llc)

State lawmakers bash Congress to gain voter favor


AP – Thu Feb 18, 5:58 pm ET
In this Tuesday, Oct. 27, 2009 file photo, State Rep.Kenny Bingham,... AP

COLUMBIA, S.C. - With tax collections tanking and jobless rates at record highs, state
legislators hundreds of miles from Washington have found an easy way to appeal to
conservative voters: Bash the federal government. Full Story »
Economists reject calls for budget cuts

By Jean Eaglesham and Daniel Pimlott

More than 60 leading economists have backed Alistair Darling’s decision to delay
spending cuts until 2011, creating a dividing line within the profession on the crucial
general election issue of how to tackle the UK’s huge public debt.

Two letters in Friday’s Financial Times warn of the risks of damaging Britain’s fragile
recovery by “reckless” early cuts. They are a riposte to the 20 economists who wrote to
The Sunday Times last weekend supporting the Conservative party’s argument that fiscal
tightening should start this year. Gw Equity Llc

Hard to know where dollar headed: Pianalto


Reuters – Sat Feb 20, 3:40 pm ET

CLEVELAND (Reuters) - So many variables affect the value of the dollar that it is hard
to know where the greenback is headed, Cleveland Federal Reserve Bank President
Sandra Pianalto said on Saturday. Full Story »

Gw Equity : Former terrorist: Austin attack reflects growing US turmoil


The Christian Science Monitor – Fri Feb 19, 12:30 pm ET

Atlanta - Software engineer Joe Stack’s apparent suicide mission to destroy an IRS office
in Austin on Thursday culminated a long slide toward personal and economic despair, as
laid out in Stack’s rambling online manifesto. Full Story »

Bharti lines up billion in loans for Zain Africa


Reuters – Sun Feb 21, 9:56 pm ET

NEW DELHI (Reuters) - India's Bharti Airtel has lined up billion in loans from foreign
and local banks for its planned acquisition of the African assets of Kuwait's Zain , the
Economic Times reported on Monday. Full Story »

Gw Equity Inc: Fed signals independence by raising bank loan rate


AFP – Fri Feb 19, 12:46 pm ET
The US Federal Reserve in Washington, DC.The US Federal Reserve... AFP/File

WASHINGTON (AFP) - The US Federal Reserve appears to be flexing its independence


with its sudden decision to raise the interest rate it charges on emergency bank loans
though stock markets gave it a thumbs down. Full Story »

Jobless claimant count reaches 13-year high


By Brian Groom, Business and Employment Editor

A sharp rise in people claiming jobseekers’ allowance overshadowed a slight fall in the
jobless total on Wednesday, indicating that further increases in joblessness are likely to
lie ahead.

There was also a fall in the number of people employed, a rise in those classed as
economically inactive and an increase in long-term unemployment to its highest since
1997, underlining fears the labour market remained fragile.

Summary Box: Consumer inflation remains no-show


AP – Fri Feb 19, 4:59 pm ET

CONSUMER PRICES: Consumer inflation rose a small 0.2 percent in January, led by a
jump in gasoline and other energy products. Full Story » Gw Equity

Democrats worried about Obama track record


AP – Sun Feb 21, 8:40 pm ET
President Barack Obama speaks after his toast during the Governors... AP

WASHINGTON - Democratic governors said Sunday they worry about President Barack
Obama's track record on fighting Republican political attacks and urged him to better
connect with anxious voters. Some allies pleaded for a new election-year strategy focused
on the economy. Full Story »

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