Palestinian whistleblower creates a stir, keeps public debate focused on corruption

Anti-corruption campaigner is headache for Abbas

RAMALLAH, West Bank – After getting a top Palestinian official suspended over an embarrassing sex tape, self-styled anti-corruption campaigner Fahmi Shabaneh feels unstoppable.
The former Palestinian intelligence agent is already zooming in on his next targets, including his former boss and a top Islamic court judge. He also set up a …. Source article  : Palestinian whistleblower creates a stir, keeps public debate focused on corruption.

No new taxes in Tamil Nadu’s deficit budget for 2010-11

CHENNAI – Tamil Nadu Finance Minister K. Anbazhagan Friday presented a deficit budget for fiscal 2010-11 in which he proposed no new taxes, reduced tax rates on many items and announced the creation of a separate department for the differently abled.

“The total revenue receipts of the government for 2010-11 are estimated at Rs.63,091.74 crore and …. Source article  : No new taxes in Tamil Nadu’s deficit budget for 2010-11.

Obama: Congress ‘answered the call of history’ in passing health insurance reform

Obama lauds House for passing health care bill
WASHINGTON – Capping a long day and a consuming political journey, President Barack Obama celebrated the passage of health care legislation with hugs, high fives and an emboldened attitude. Said the president to the nation, “Tonight, we answered the call of history.”
At nearly midnight in Washington, …. Source  : Obama: Congress ‘answered the call of history’ in passing health insurance reform.

House Democrats send historic health bill to President Obama; action shifts to Senate

House sends health care overhaul bill to Obama
WASHINGTON – A transformative health care bill is headed to President Barack Obama for his signature as Congress takes the final steps in Democrats’ improbable and history-making push for near-universal medical coverage.
On the cusp of succeeding where numerous past congresses and administrations have failed, jubilant …. Source article  : House Democrats send historic health bill to President Obama; action shifts to Senate.

Pranab Mukherjee to inaugurate Reserve Bank/ OECD seminar in Bangalore

BANGALORE – Finance Minister Pranab Mukherjee will on Monday inaugurate an International workshop on ‘Financial Literacy’ in Bangalore.

The two-day workshop has been organized by the Reserve Bank of India (RBI) and Organisation for Economic Cooperation and Development … Read more : Pranab Mukherjee to inaugurate Reserve Bank/ OECD seminar in Bangalore.

Pranab sticks to 7.2 percent growth in 2009-10

BANGALORE – Finance Minister Pranab Mukherjee Monday said the government was sticking to an estimated 7.2 percent growth rate for this fiscal (2009-10) and 8.5 percent for 2010-11.

“I have given some indication in the budget speech and the economic survey. So far as this year is concerned, we are sticking to 7.2 percent GDP (Gross … Read more : Pranab sticks to 7.2 percent growth in 2009-10.

Shimla, Hamirpur to go solar

SHIMLA – The Himachal Pradesh government has decided to make Shimla and Hamirpur solar-powered cities as part of a drive to save electricity.

“We are developing Shimla and Hamirpur as solar cities with the assistance of the central government,” Chief Minister Prem Kumar Dhumal told IANS, adding that more cities and towns would be later included … Read more »»».

FM inaugurates RBI-OECD International Workshop on Financial Literacy

To mark the Platinum Jubilee Year, the Reserve Bank of India, in coordination with the Organisation for Economic Co-Operation and Development (OECD) organised an International Workshop on “Delivering Financial Literacy” at Bengaluru on March 22, 2010. The two day international workshop was organised to advance and elevate policy dialogue …. Original source  : FM inaugurates RBI-OECD International Workshop on Financial Literacy.

Many jobs lost as farmers in Mississippi Delta switch from cotton to more profitable corn

As farmers move from cotton to corn, jobs are lost

LUBBOCK, Texas – Fields of white cotton once stretched as far as the eye could see across the fertile Mississippi Delta, but now many of those acres are flush with green corn stalks.
U.S. cotton production peaked in 2005 and has been sliding since as farmers switch …. Source  : Gaea News Network.

Sensex crawls up after weak start

MUMBAI – A benchmark index for Indian equities Monday was trying to pare its early morning losses and was ruling 28 points lower a couple of hours into trade.

The markets had begun the day with a negative bias after the Reserve Bank of India’s Friday evening decision to hike key policy rates by 25 … Read more »»».

L&T to build 36 high speed boats for coast guard

MUMBAI – Infrastructure construction major Larsen & Toubro (L&T) will design and construct 36 high speed interceptor boats worth Rs.970 crore for the Indian Coast Guard, the company announced here Monday.

The contract, awarded by the defence ministry, is one of the initiatives of the government to strengthen coastal security.
The interceptor boats will have aluminium-alloy … Original article on : L&T to build 36 high speed boats for coast guard.

Punjab industrialists fume over 58-hour weekly power-cut

MOHALI – Factory owners in this industrial belt have asked Punjab Chief Minister Parkash Singh Badal to intervene after a recent communication from the Punjab State Electricity Board (PSEB) on a 58-hour compulsory weekly power-cut.

Mohali Industries Association (MIA) received the PSEB circular Saturday.
“The circular is a big set-back for industries in Mohali. The power …. Source article  : Punjab industrialists fume over 58-hour weekly power-cut.

Organic veggies to make good business for Himachal hotels

SHIMLA – Guests at two top hotels run by Himachal Pradesh Tourism can soon savour fresh, organically-cultivated vegetables on the menu. What’s more, these will be grown in kitchen gardens on the premises, making for good business.

“We are developing kitchen gardens at Chail Palace hotel at Chail and Hotel Pinewood at Barog to grow vegetables … Original article on : Organic veggies to make good business for Himachal hotels.

President Barack Obama’s remarks on health care overhaul

President Obama’s remarks on health care overhaul
President Barack Obama’s remarks on health care overhaul, delivered Sunday after the House passed the legislation:
Good evening, everybody. Tonight, after nearly 100 years of talk and frustration, after decades of trying, and a year of sustained effort and debate, the United States Congress finally declared …. Source  : President Barack Obama’s remarks on health care overhaul.

Obama: Health care bill a victory for American people, common sense

Obama: Health care bill a victory for Americans
WASHINGTON – President Barack Obama says the health care legislation passed Sunday night by the House is “a victory for the American people” and “a victory for common sense.”
The bill “will not solve every problem” in the health care system, Obama says, but “moves us in … Read the original article on Gaea Times at : Obama: Health care bill a victory for American people, common sense.

Asia stocks slide as Greek debt crisis, India rate hike rattle investors; HK down nearly 2 pct

Asia stocks drop as Greek crisis, India hike weigh

HONG KONG – Asian stock markets fell Monday as worries about Greece’s debt crisis and India’s sudden interest rate hike rattled investors.
Major indexes were down as much as 2 percent after selling hit U.S. and European markets on Friday. Oil prices fell toward $80 a barrel, while …. Source  : Asia stocks slide as Greek debt crisis, India rate hike rattle investors; HK down nearly 2 pct.

Money Market Operations as on March 19, 2010

…. Original article  : Money Market Operations as on March 19, 2010.

Obama’s health plan, less audacious than it might have been, still among history’s bold acts

Obama achieves health law success that eluded past
WASHINGTON – Rarely does the government, that big, clumsy, poorly regarded oaf, pull off anything short of war that touches all lives with one act, one stroke of a president’s pen. Such a moment has come.
After a year of riotous argument, decades of failure …. Original source  : Obama’s health plan, less audacious than it might have been, still among history’s bold acts.

Congress clear historic health care bill, sends it to Obama for his signature

Congress clears historic health care bill
WASHINGTON – Summoned to success by President Barack Obama, the Democratic-controlled Congress approved historic legislation Sunday night extending health care to tens of millions of uninsured Americans and cracking down on insurance company abuses, a climactic chapter in the century-long quest …. Source  : Gaea News Network.

Congress approves historic health care bill, sends measure to Obama

Congress approves historic health care legislation
WASHINGTON – The Democratic-controlled Congress has approved historic legislation extending health care to tens of millions of Americans who lack it and cracking down on insurance company abuses.
The vote in the House was 219-212. Republicans were unanimously opposed. The bill now goes to President Barack Obama for his … Original article on : Congress approves historic health care bill, sends measure to Obama.

Oil drifts above $81 in Asia as traders eye stronger US dollar

Oil drifts near $81 as traders eye stronger dollar

SINGAPORE – Oil prices drifted above $81 a barrel Tuesday in Asia as the U.S. dollar strengthened, making crude more expensive for investors with other currencies.
Benchmark crude for May delivery was down 12 cents to $81.48 a barrel at late afternoon Singapore time in electronic trading on … Read this article on Gaea Times at : Oil drifts above $81 in Asia as traders eye stronger US dollar.

Finance minister says Greece can keep borrrowing from markets with ‘no difficulty’

Greece: can keep borrowing from markets
ATHENS, Greece – Greece’s finance minister says his country will have no difficulty in borrowing money on financial markets in the upcoming months, despite persistently high lending rates.

George Papaconstantinou also says he expects a “positive outcome” from Thursday’s meeting of European Union leaders who will discuss how to help Greece …. Original article  : Finance minister says Greece can keep borrrowing from markets with ‘no difficulty’.

Ready Forward Contracts in Corporate Debt Securities

The market participants shall report their repo trades in corporate bonds only to the clearing corporations, i.e., National Securities Clearing Corporation of India Ltd. (NSCCL) and Indian Clearing Corporation Ltd. (ICCL) for settlement until the launch of the Fixed Income Money Market and Derivatives Association (FIMMDA) Reporting Platform, which …. Original article on Gaea Times at  : Ready Forward Contracts in Corporate Debt Securities.

AP sources: Charges eyed for Blackwater’s ex-president, others in NC gun case

AP sources: New charges eyed for Blackwater

WASHINGTON – People close to an investigation of the Blackwater private security company say federal prosecutors are considering filing weapons charges against the firm’s former president and two other former employees.
They tell The Associated Press the potential charges stem from a probe into whether the firm illegally stockpiled automatic … Read this article on Gaea Times at : AP sources: Charges eyed for Blackwater’s ex-president, others in NC gun case.

Health law will require calorie counts in menus in 200,000 restaurants nationwide

Health law will make calorie counts hard to ignore
WASHINGTON – That Caesar salad you’re about to eat? It’s 800 calories, and that’s without the croutons. The fettuccine alfredo? A whopping 1,220 calories. You may choose to ignore the numbers, but soon it’s going to be tough to deny you saw them.
A requirement tucked … Read : Health law will require calorie counts in menus in 200,000 restaurants nationwide.

For consumers, passage of health care bill brings an array of new options and trade-offs

Wanted: User manual for health care overhaul
WASHINGTON – President Barack Obama and the Democrats have overcome their doubts and divisions to pass landmark health care legislation affecting every family and one-sixth of the economy. The president will sign the main bill at a White House ceremony scheduled for Tuesday, and a companion package …. Original article on Gaea Times at  : For consumers, passage of health care bill brings an array of new options and trade-offs.

After signing health care bill, Obama to celebrate historic overhaul effort with supporters

Obama to sign health bill, celebrate with allies
WASHINGTON – President Barack Obama’s yearlong health care overhaul drama featured dozens of speeches, contentious debate and a televised summit with lawmakers before a divided Congress passed the bill. An elaborate White House signing ceremony kicks off the next act: selling the sweeping changes … Read more »»».

Asian stock markets mostly higher after US gains on health care reform; oil holds above $81

Asian markets mostly higher after US stocks gain

HONG KONG – Asian stock markets were mostly higher Tuesday, helped by an overnight rise on Wall Street after the passage of a sweeping U.S. health care measure.
Major markets gained by 1 percent or less, reversing course after declines the day before. The dollar was up modestly against … Read the original article on Gaea Times at : Asian stock markets mostly higher after US gains on health care reform; oil holds above $81.

Oil hovers above $81 in Asia as traders eye equity markets, crude supply data

Oil hovers above $81 as traders eye equity markets

SINGAPORE – Oil prices hovered above $81 a barrel Tuesday in Asia as investors look to equity markets and crude inventory data later this week for a trading catalyst.
Benchmark crude for May delivery was down 10 cents to $81.50 a barrel at midday Singapore time in electronic … Read more : Oil hovers above $81 in Asia as traders eye equity markets, crude supply data.

Lawmakers to debate structure of US mortgage market, changes could take years

Debate on the future of Fannie, Freddie heats up

WASHINGTON – There would be no housing market today without the government.
Over the past 18 months, Washington has taken extraordinary steps to keep home loans available and affordable. That caused a tentative housing recovery last year. Home sales reversed their four-year descent, while prices stabilized.
One big reason: …. Original source  : Lawmakers to debate structure of US mortgage market, changes could take years.

Money Market Operations as on March 22, 2010

… Read this article on Gaea Times at : Money Market Operations as on March 22, 2010.

Warriors’ longtime owner Chris Cohan puts team up for sale

Warriors announce they’re for sale
OAKLAND, Calif. – The Golden State Warriors are for sale and Oracle Corp. CEO Larry Ellison has already made it well known he wants to buy the team.

The Warriors said Monday they have hired Galatioto Sports Partners, or GSP, to handle current owner Chris Cohan’s sale of the franchise and that [..] Read the original article: here.

AL MVP Mauer signs $184 million, 8-year extension with hometown Twins

Twins, Mauer make it official: $184M extension

FORT MYERS, Fla. – Sitting a few feet from the people who inspired him to become one of the games best players, Minnesota Twins catcher Joe Mauer became one of the game’s highest-paid ones as well.
The 26-year-old Mauer signed an $184 million, eight-year contract extension Monday at a news … Read this article on Gaea Times at : AL MVP Mauer signs $184 million, 8-year extension with hometown Twins.

No compromise in Texas couple’s $58M judgment against homebuilder and political donor Perry

No settlement in $58M judgment against homebuilder

DALLAS – Mediation efforts were unsuccessful Monday between an elderly Fort Worth-area couple and the politically powerful Houston homebuilder who lost a $58 million judgment to them, the couple’s lawyers said.
Van Shaw and Dan Hagood, attorneys for Robert and Jane Cull of Mansfield, said they failed to reach an … Read more : No compromise in Texas couple’s $58M judgment against homebuilder and political donor Perry.

California lawmakers take step to ban smoking at state parks, beaches under landmark bill

Calif. moves to ban smoking at all state parks

SACRAMENTO, Calif. – California lawmakers on Monday moved a step closer to banning smoking at state beaches and parks, following the lead of hundreds of communities nationwide.
The state Assembly voted 42-27 in favor of the ban. Anti-smoking groups say the bill would make California the first state … Original article on : California lawmakers take step to ban smoking at state parks, beaches under landmark bill.

Struggling MGM studio says it received several offers of support; review to take several weeks

MGM studio says has received several rescue offers

LOS ANGELES – Metro-Goldwyn-Mayer Inc., an iconic Hollywood studio that has fallen on hard times, said Monday it has received several offers from suitors wanting to acquire it or keep it operating as a standalone company.
MGM said it will take several weeks to evaluate the offers, which came …. Source  : Struggling MGM studio says it received several offers of support; review to take several weeks.

A Broadway theater is renamed for composer Stephen Sondheim on his 80th birthday

A Broadway theater is renamed for Stephen Sondheim

NEW YORK – So what did Stephen Sondheim get Monday on his 80th birthday?
A Broadway theater renamed for the composer of “Company,” ”Follies,” ”Sweeney Todd” and other memorable shows.
The Henry Miller’s Theatre on West 43rd Street will now be known as the Stephen Sondheim Theatre.
The announcement was made …. Original article on Gaea Times at  : A Broadway theater is renamed for composer Stephen Sondheim on his 80th birthday.

49ers team president Jed York: GM Scot McCloughan out as general manager

McCloughan out as 49ers GM
SANTA CLARA, Calif. – The San Francisco 49ers have a new man in charge of personnel decisions merely a month before draft day.

Scot McCloughan is out as the Niners’ general manager in a “mutual parting,” and director of player personnel Trent Baalke will lead the team into next month’s draft.
Team president … Original source on Gaea Times at : 49ers team president Jed York: GM Scot McCloughan out as general manager.

Repeal of children’s program puts Arizona’s Medicaid funding at risk under health overhaul

KidsCare repeal said to jeopardize Ariz. funding

PHOENIX – A controversial decision by Arizona lawmakers to eliminate a health insurance program for poor children puts it at risk of losing billions of dollars in federal Medicaid funding under the historic health care bill approved by Congress.
Arizona last week became the first state to eliminate its Children’s …. Source  : Gaea News Network.

Chardonnay, zinfadel and cabernet sauvignon push California’s 2009 grape crush above 4M tons

Chardonnay helps Calif grape crush top 4M tons

FRESNO, Calif. – Chardonnay led the way last year as California vintners crushed more than 4 million tons of grapes, up from 3.7 tons in 2008.
Although the white wine grape was the single most popular grape varietal crushed during the 2009 harvest, accounting for nearly 18 percent of … Original source on Gaea Times at : Chardonnay, zinfadel and cabernet sauvignon push California’s 2009 grape crush above 4M tons.

Jerusalem municipality approves contentious new building plan in east Jerusalem

Jerusalem approves contentious new building plan
JERUSALEM – The Jerusalem municipality has approved 20 new apartments for Jews in east Jerusalem, the city said Wednesday, in a move that could stir a new diplomatic crisis with the United States just as Israel’s leader is in Washington on a fence-mending visit.
The U.S. views Israeli building … Original article on : Jerusalem municipality approves contentious new building plan in east Jerusalem.

Cleaner petrol, diesel to cost more from April 1

NEW DELHI – Cleaner — but costlier — Euro-IV standard petrol and diesel will be available from April 1 in 13 cities across the country, Petroleum Secretary S. Sundareshan said here Wednesday.

At a function to mark the launch of the cleaner fuel, he said: “From April 1, Euro-IV standard fuel will be available in 13 …. Original article  : Cleaner petrol, diesel to cost more from April 1.

Punj Lloyd gets ‘Infrastructure Company of the year’ award

NEW DELHI – Punj Lloyd, the global engineering, procurement, construction conglomerate has been conferred the coveted ‘Infrastructure Company of the year’ award at the Essar Steel Infrastructure Excellence Awards 2010 in association with CNBC TV 18.

The awards aim to capture the spectacular performance of the company and individuals alike.
Speaking on the occasion, Chairman Atul Punj …. Source article  : Punj Lloyd gets ‘Infrastructure Company of the year’ award.

Former Samsung chairman Lee Kun-hee, pardoned over tax evasion, returns to top post

Former Samsung chairman Lee returns to top post
SEOUL, South Korea – Lee Kun-hee, the former chairman of Samsung Electronics who was convicted of tax evasion and later pardoned by South Korea’s president, has returned to lead the company after a nearly two-year absence.
The 68-year-old Lee, a South Korean corporate icon, was indicted in … Read : Former Samsung chairman Lee Kun-hee, pardoned over tax evasion, returns to top post.

easyJet names publishing executive Carolyn McCall as its next CEO

easyJet picks publishing exec as new CEO
LONDON – Budget airline easyJet says it has chosen publishing executive Carolyn McCall as its new CEO.

McCall, 48, has been group chief executive of Guardian Media Group, publisher of The Guardian and The Observer newspapers, since 2006.
EasyJet said Wednesday that she replaces Andy Harrison, who will be taking up … Original article on : easyJet names publishing executive Carolyn McCall as its next CEO.

Mayor Dave Bing discusses Detroit’s financial future in 1st State of City as budget woes loom

Mayor Dave Bing discusses Detroit’s economic woes

DETROIT – Having navigated his first State of the City address as Detroit’s mayor, Dave Bing now faces what is likely to be a more difficult task: tackling the budget and a more than $300 million deficit.
Bing is expected to present his budget to the City Council next month. …. Original source  : Mayor Dave Bing discusses Detroit’s financial future in 1st State of City as budget woes loom.

Senate writing final chapter to Obama health care bill, if all goes as Democratic leaders hope

Senate on health bill’s final chapter, maybe
WASHINGTON – President Barack Obama has signed into law the most sweeping overhaul of U.S. health care since Medicare, but one last chapter in the epic struggle is still playing out in the Senate.
Senators are debating a package of fixes to the new health law, …. Source article on Gaea Times at  : Senate writing final chapter to Obama health care bill, if all goes as Democratic leaders hope.

10 letters a day: Obama’s daily dose of humanity, keeping him grounded in health care debate

10 letters a day: humanizing talismans for Obama
WASHINGTON – He kept coming back to the letters.
Perhaps nothing crystallized President Barack Obama’s determination to press forward on health-care legislation more than the 10 letters he reads each day from ordinary Americans.
The letters became talismans for him: He carried them around. He recited their stories. … Read : 10 letters a day: Obama’s daily dose of humanity, keeping him grounded in health care debate.

Asia stocks climb as economic reports, US gains boost sentiment; Nintendo surges

Asia stocks up after upbeat economic data, US rise

HONG KONG – Asian stocks were up modestly Wednesday as encouraging economic reports and gains in U.S. markets buoyed investor confidence.
The euro, meanwhile, continued its slide against the dollar amid uncertainty over a resolution to Greece’s debt crisis. Oil prices hovered above $81 a barrel.
Economic news from …. Source article  : Asia stocks climb as economic reports, US gains boost sentiment; Nintendo surges.

Ex-Samsung boss back in office after scandal

SEOUL – Scandal-plagued former Samsung Group head Lee Kun Hee returned to the company as chairman of Samsung Electronics Co nearly two years after he quit due to a conviction for tax evasion, company officials said Wednesday.

“Former chairman Lee has decided to return to the management of Samsung Electronics as chairman,” Rhee In Yong, chief … Read more »».

Quality spells success in India too: Amway

WASHINGTON – Quality of products, an opportunity to start a small business at a relatively low investment and low risk are key factors behind Amway India’s success story, says the man responsible for the market.

“When we entered India, many consultants advised us to lower product quality to reduce the prices. But we took a conscious … Read more : Quality spells success in India too: Amway.

After IT, it’s decade of infrastructure in India: Kamal Nath

TORONTO – India’s Minister for Roads and Transport Kamal Nath said here that the next decade will be the “decade of infrastructure” in India and invited Canadian investors to participate in it.

Speaking at a dinner gala by the Canada-India Business Council here Tuesday night, Kamal Nath said infrastructure was the buzzword globally and India offers … Read more : After IT, it’s decade of infrastructure in India: Kamal Nath.

Oil falls to near $81 in Asia after report shows US crude supplies jumped last week

Oil falls to near $81 on US crude supplies jump

SINGAPORE – Oil prices fell to near $81 a barrel Wednesday in Asia after a report showed a larger-than-expected jump in U.S. crude inventories last week.
Benchmark crude for May delivery was down 70 cents to $81.21 a barrel at late afternoon Singapore time in electronic trading …. Source article on Gaea Times at  : Oil falls to near $81 in Asia after report shows US crude supplies jumped last week.

National Urban League: ‘Much more’ gov’t efforts needed to reduce race gaps in jobs, health

Urban League: Health, jobs legislation fall short
WASHINGTON – Landmark health legislation won’t be enough to reduce racial gaps in unemployment and health care, the National Urban League says in urging President Barack Obama to promote a “jobs surge” that targets hard-hit communities.
In its annual “State of Black America” report being released Wednesday, the …. Source  : National Urban League: ‘Much more’ gov’t efforts needed to reduce race gaps in jobs, health.

Obama administration scrambles to fix gap in health care law’s protection for children

Gap in health care law’s protection for children
WASHINGTON – The Obama administration is scrambling to fix a potential problem with a much-touted benefit of its new health care law, a gap in coverage improvements for children in poor health, officials said Tuesday.
Under the new law, insurance companies still would be able to refuse … Read this article on Gaea Times at : Obama administration scrambles to fix gap in health care law’s protection for children.

Recalled products linked to potential salmonella risk: Little Caesars Spice Paks

Recalled products due to potential salmonella risk

The following products are being recalled because they could be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children and others with weakened immune systems:
Blue Line Foodservice Distribution is recalling Little Caesars Spice Paks. The recalled products are small white packets that …. Original article  : Recalled products linked to potential salmonella risk: Little Caesars Spice Paks.

Former New Jersey Gov. Jon Corzine to become chairman, CEO of brokerage MF Global

Former NJ Gov. Jon Corzine takes helm of MF Global

NEW YORK – Former New Jersey Governor Jon S. Corzine will take the helm of futures and options brokerage MF Global Holdings Ltd., returning to the private sector after nearly a decade in government.
Effective immediately, the 63-year-old takes over from Bernard W. Dan, who has resigned …. Source  : Former New Jersey Gov. Jon Corzine to become chairman, CEO of brokerage MF Global.

Japan’s exports rise sharply in February

TOKYO – Growing demand from Asia and the US helped Japan’s exports surge 45.3 percent in February from a year earlier to 5.13 trillion yen ($56.7 billion), the third consecutive month of increase, the Finance Ministry said Wednesday.

Imports rose 29.5 percent to 4.48 trillion yen for the second straight month, the ministry said in a … Read more : Japan’s exports rise sharply in February.

Robust global demand drives Japan exports up 45 percent in February

Japan’s exports up 45 percent in February
TOKYO – Japan’s exports climbed sharply in February, as a solidifying global recovery fueled the world’s appetite for cars, machinery and gadgets.

Exports jumped 45.3 percent from a year earlier to 5.13 trillion yen ($56.7 billion), marking the third straight month of year-on-year increase, the finance ministry said Wednesday.
Car shipments … Read : Robust global demand drives Japan exports up 45 percent in February.

A study shows housing more affordable, but many workers still priced out of housing market

Study: Many workers facing high housing costs

LOS ANGELES – Housing has become more affordable for police officers, teachers and other workers, but homeownership remains out of their reach in many major markets, according to a new study.
The report released Tuesday by the Center for Housing Policy concluded incomes for many workers have not kept pace … Original article on : A study shows housing more affordable, but many workers still priced out of housing market.

Oil hovers below $81 in Asia after US crude inventories increase

Oil hovers below $81 after US crude stocks rise

SINGAPORE – Oil prices hovered below $81 a barrel Thursday in Asia after an increase in U.S. crude inventories suggested consumer demand remains weak.
Benchmark crude for May delivery was down 8 cents to $80.53 a barrel at late afternoon Singapore time in electronic trading on the New … Read : Oil hovers below $81 in Asia after US crude inventories increase.

China to lend $1 bn to Belarus

Minsk, March 25 (IANS/RIA Novosti) China will lend Belarus more than $1 billion for financing cooperation projects, according to Chinese Vice President Xi Jinping.

An additional amount of $7.5 million will be given in non-repayable financial aid, Xi said Wednesday during his visit to Minsk.
“The Chinese side will provide Belarus with $1 billion in … Read more »».

Abhishek seeks 15 percent copier paper market share

GANDHINAGAR – Abhishek Industries, the flagship company of the Trident group, is targeting a 15 percent share in the Rs.1,800-crore copier paper market, a company official said Thursday.

Abhishek is the world’s largest producer of wheat straw based paper.
Rajinder Gupta, chief executive officer, said the company would increase its revenue by 116 percent over … Read the original article on Gaea Times at : Abhishek seeks 15 percent copier paper market share.

German airline Air Berlin narrows 2009 net loss to $13 million on cost savings

Air Berlin narrows 2009 loss to $13 million

FRANKFURT – German airline Air Berlin Plc says its net loss for 2009 narrowed to euro9.5 million ($13 million) as it embarked on widespread cost savings and route reductions during the year.
The Berlin-based company lost nearly euro84 million in 2008.
The company, Germany’s second largest airline after Deutsche Lufthansa … Original article on : German airline Air Berlin narrows 2009 net loss to $13 million on cost savings.

Euro lower at $1.3325 in European morning trade as EU meets to help Greekce in debt crisis

Euro keeps falling as EU wrangles over Greek aid

FRANKFURT – The euro is lower against the dollar ahead of a crucial EU meeting where a rescue package for Greece, likely with the help of the International Monetary Fund, is expected to be agreed.
The 16-nation euro buys $1.3325 in European morning trade Thursday, down from $1.3338 …. Read the original article  : Euro lower at $1.3325 in European morning trade as EU meets to help Greekce in debt crisis.

Scheduled Banks’ Statement of Position in India as on Friday, March 12, 2010

(Amount in  Rupees crore)

 
 

Scheduled Commercial Banks (SCBs)
(including RRBs)

All Scheduled Banks

 
 

13.03.2009

26.02.2010

 

12.03.2010

 

13.03.2009

26.02.2010

 

12.03.2010

 

 I

Liabilities to the Banking System (A)

*

*

 
 

*

*

a) Demand & time deposits from banks

45542.76

56186.20

58364.29

49706.77

58479.20

60692.46

**

b) Borrowings from banks

31141.35

20840.30

20764.45

31166.66

20851.85

 

20777.03

c) Other demand & time liabilities

27981.51

5853.57

 

5899.76

 

27988.52

5855.89

 

5901.65

II

Liabilities to Others              (A)

 
 
 
 
 
 
 
 
 
 

a) Deposits … Read more : Scheduled Banks’ Statement of Position in India as on Friday, March 12, 2010.

Lengthy talks fail to resolve US-Israeli dispute over housing after Netanyahu’s two-day visit

Lengthy talks fail to resolve US-Israeli tensions
WASHINGTON – A last-ditch effort to heal the deep dispute between two longtime allies failed when Israeli Prime Minister Benjamin Netanyahu and the United States’ main Mideast envoy were unable to resolve a rift over new Israeli housing in east Jerusalem.
Before departing the …. Original article on Gaea Times at  : Lengthy talks fail to resolve US-Israeli dispute over housing after Netanyahu’s two-day visit.

IMF could demand stricter path out of Greece’s economic crisis than EU

IMF could offer strict path out of Greece’s woes

WASHINGTON – If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.
Analysts say the IMF would probably demand tough conditions on Greece – …. Source article  : IMF could demand stricter path out of Greece’s economic crisis than EU.

India’s food inflation falls even as index moves up a tad

NEW DELHI – India’s annual food inflation fell marginally once again to 16.22 percent for the week ended March 13 from 16.3 percent for the week before even as prices of lentils, fruits and vegetables moved up over the past week.

According to data on wholesale price index released by the commerce and industry ministry Thursday, …. Read the original article  : India’s food inflation falls even as index moves up a tad.

Reserve Bank Cancels the Licence of The Samata Sahakari Bank Ltd., Nagpur, Maharashtra

In view of the fact that The Samata Sahakari Bank Ltd., Nagpur, Maharashtra had ceased to be solvent, all efforts to revive it in close consultation with the Government of Maharashtra had failed and the depositors of the bank were being inconvenienced by continued uncertainty, the Reserve Bank of [..] Read the original article: here.

Issue of Rs.10/- denomination banknotes with ‘A’ Inset letter in both numbering panels in Mahatma Gandhi Series ??? 2005 bearing the signature of Dr. D. Subbarao, Governor

The Reserve Bank of India will shortly issue Rs.10/- denomination banknotes with ‘A’ inset letter in both numbering panels in Mahatma Gandhi Series – 2005 bearing the signature of Dr. D. Subbarao, Governor. Except for the change in the inset letter, the design of these notes to be issued … Read more »».

Senate bill changing new health law will have to return to House for final approval

Senate will have to return health bill to House
WASHINGTON – Senate Republicans learned early Thursday that they will be able to kill language in a measure altering President Barack Obama’s newly enacted health care overhaul, meaning the bill will have to return to the House for [..] Read the original article: here.

Senate Democrats shoot down GOP efforts to undercut President Obama’s health care overhaul

Senate Democrats kills GOP health amendments
WASHINGTON – Working well past midnight, a weary Senate was mowing down a parade of Republican proposals aimed at undercutting President Barack Obama’s signature health care law as Democrats push toward final passage of the companion piece to his overhaul plan.
In a voting marathon that began the previous …. Source article  : Senate Democrats shoot down GOP efforts to undercut President Obama’s health care overhaul.

In vote marathon, Senate Dems shoot down GOP efforts to undercut Obama health care overhaul

Working late, Senate kills GOP health amendments
WASHINGTON – Working well past midnight, a weary Senate was mowing down a parade of Republican proposals aimed at undercutting President Barack Obama’s signature health care law as Democrats push toward final passage of the companion piece to his overhaul plan.
In a voting marathon that began the …. Read the original article  : In vote marathon, Senate Dems shoot down GOP efforts to undercut Obama health care overhaul.

Spanish prime minister vows to reduce budget deficit

Madrid, March 25 (IANS/EFE) Spanish Prime Minister Jose Luis Rodriguez Zapatero has reiterated his administration’s commitment to reduce the country’s budget deficit by implementing austerity measures.

Zapatero made the statement in the Spanish parliament Wednesday when the leader of the main opposition Popular Party, Mariano Rajoy, challenged the credibility of the austerity plan.
The budget deficit …. Read the original article  : Spanish prime minister vows to reduce budget deficit.

The clock ticks as delays, controversies plague India’s first Commonwealth Games

India’s Commonwealth Games plagued by delay, anger

NEW DELHI – A countdown clock outside the Commonwealth Games offices shows 192 days left until India hosts the 17-sport event. But the city still looks like a messy construction site.
The main stadium is months overdue and remains a tangle of cranes, and residents are furious over new taxes … Original source on Gaea Times at : The clock ticks as delays, controversies plague India’s first Commonwealth Games.

Zain confirms nod to Bharti’s offer for African telecom assets

NEW DELHI – Kuwait’s Zain Telecom Thursday confirmed that its board of directors has approved the offer from India’s top telecom operator Bharti Airtel to acquire its African assets, other than those in Morocco and Sudan.

“The company confirms that the board of directors of Zain met in Kuwait on Wed, March 24 to review the …. Read the original article  : Zain confirms nod to Bharti’s offer for African telecom assets.

Bolivia to invest $40 mn in new gas pipeline to Argentina

La Paz, March 25 (IANS/EFE) The Bolivian government is planning to invest $40 million in a new gas pipeline running from the southern part of the country to the Argentine border, a Bolivian cabinet minister said.

The 20-km pipeline will connect other gas pipelines in southern Bolivia to lines in northern Argentina, where the fuel will …. Source article on Gaea Times at  : Bolivia to invest $40 mn in new gas pipeline to Argentina.

UK Budget: Latest News And Updates

LONDON (GaeaTimes.com)- Alistair Darling, the Treasury Chief of UK presented the UK budget 2010 on Wednesday and as per the latest news, the spending package unveiled in the budget is modest. He tried to convince all that it will try to reduce the burden of debt. He had a tricky task of maintaining a [..] Read the original article: here.

Oil falls to near $80 in Asia, extending losses after US crude inventories increase

Oil falls to near $80 on US crude stocks rise

SINGAPORE – Oil prices fell to near $80 a barrel Thursday in Asia, extending losses from the previous day after an increase in U.S. crude inventories suggested consumer demand remains weak.
Benchmark crude for May delivery was down 25 cents to $80.36 a barrel at midday Singapore … Read the original article on Gaea Times at : Oil falls to near $80 in Asia, extending losses after US crude inventories increase.

Obama’s 2nd pick to head up TSA withdraws, cites controversy over defense contracting work

2nd pick for transportation security chief is out

WASHINGTON – President Barack Obama’s second nominee for transportation security chief withdrew from consideration Friday because of questions over his background as a defense contractor.
Retired Army Maj. Gen. Robert Harding took himself out of the running as head of the Transportation Security Administration, another setback for Obama after … Read more >>.

Holocaust soap made from human fat on sale in Canada!

TORONTO – A Canadian store in Montreal has claimed it is selling soap made from the fat of Holocaust victims.

The shop has displayed the beige-coloured soap bar inscribed with a Swastika in a glass case with a card reading ‘Poland 1940,’ a report by the Canadian Broadcasting Corporation says. The shop also sells a braid …. Source  : Gaea News Network.

Russia ready to export poultry from India

Moscow, March 27 (IANS/RIA Novosti) Russia is ready to import poultry from India if the US does not resume its supplies, Russian Agriculture Minister Yelena Skrynnik has said.

India, a major poultry producer, has already expressed its readiness to supply its products to Russia, as well as Turkey and Thailand, Skrynnik said.
“At the moment, … Read : Russia ready to export poultry from India.

Regulators shut 2 Georgia banks, 1 in Florida, 1 in Arizona; makes 41 US bank failures in 2010

Regulators shut 2 Ga. banks, 1 in Fla., 1 in Ariz.

WASHINGTON – Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year following the 140 that fell in 2009 to mounting loan defaults and the …. Read the original article  : here.

Time Warner CEO received compensation worth $19.4M in 2009, according to AP analysis

Time Warner CEO pay falls 9 pct. to $19.4M in 2009

SAN FRANCISCO – Jeffrey Bewkes, the CEO of Time Warner Inc., received compensation valued at $19.4 million in 2009, down more than 9 percent from the year before as his stock-based awards fell, according to an Associated Press analysis of a regulatory filing.
Bewkes, 57, received … Read : Time Warner CEO received compensation worth $19.4M in 2009, according to AP analysis.

Gov. Granholm sees diversified Michigan economy as her legacy; says some benefits yet to come

Mich. governor sees diversified economy as legacy

LANSING, Mich. – Gov. Jennifer Granholm said Friday the legacy of her eight embattled years as governor will be a more diverse Michigan economy, although she acknowledges some of the benefits won’t be seen for years.
“I know that I won’t be able to cut the ribbon on the new …. Source article on Gaea Times at  : Gov. Granholm sees diversified Michigan economy as her legacy; says some benefits yet to come.

Regulators shut down 2 Georgia banks, 1 in Florida; makes 40 US bank failures this year

Regulators close 2 Georgia banks, 1 in Florida

WASHINGTON – Regulators on Friday shut down two Georgia banks and one in Florida, bringing to 40 the number of U.S. banks that have failed this year following the 140 that fell in 2009 to mounting loan defaults and the recession.
The Federal Deposit Insurance Corp. took over the …. Source  : Regulators shut down 2 Georgia banks, 1 in Florida; makes 40 US bank failures this year.

Regulators shut down bank in Georgia; makes 38 US bank failures this year

Regulators close Georgia bank
WASHINGTON – Regulators have shut down a bank in Georgia, bringing to 38 the number of bank failures in the U.S. so far this year.

The Federal Deposit Insurance Corp. on Friday took over McIntosh Commercial Bank, based in Carrollton, Ga., with $362.9 million in assets and $343.3 million in deposits. CharterBank, based …. Source  : Gaea News Network.

After past failures, government launches new effort to solve mortgage crisis, help homeowners

Take two: Gov’t tries new fix for mortgage crisis

WASHINGTON – The government’s bold new plan to stem the foreclosure crisis aims to succeed where previous efforts have fallen flat. Yet just as before, the odds are long, and many struggling borrowers won’t qualify.
In theory, the effort unveiled Friday would help millions of troubled homeowners who …. Original source  : After past failures, government launches new effort to solve mortgage crisis, help homeowners.

Indiana jobless rate edges up to 9.8 percent for February; only state in region below 10 pct

Indiana jobless rate edges up to 9.8 percent

INDIANAPOLIS – Indiana’s unemployment rate inched up to 9.8 percent in February, but officials and economists pointed to a rise in temporary workers hired as a sign employers were becoming more confident about creating jobs.
The state Department of Workforce Development said unemployment rose just one tenth of a …. Original article  : Indiana jobless rate edges up to 9.8 percent for February; only state in region below 10 pct.

Iceland’s prime minister pressing IMF for review to determine next batch of bailout funding

Iceland’s premier pressing IMF on bailout review

REYKJAVIK, Iceland – Iceland’s prime minister said Friday she was pressing the International Monetary Fund to hasten a review to determine the next batch of bailout funding for the nation’s struggling economy.
The IMF had been putting off a decision on whether to release the second tranche of its $2.1 … Original article on : Iceland’s prime minister pressing IMF for review to determine next batch of bailout funding.

Summary Box: Yields push lower after Treasurys rebound from recent selling

Summary Box: Rates lower after recent sell-off

BOND REBOUND: Interest rates pulled back in the bond market Friday after rising sharply earlier in the week. Treasury prices eked out small gains.
BARGAIN HUNTING: Investors sought bargains after Treasurys sold off strongly this week following lackluster demand for $118 billion of new government debt.
MIXED DATA: Mixed economic news …. Source  : Summary Box: Yields push lower after Treasurys rebound from recent selling.

Recalled products linked to potential salmonella risk: seasoning products, peppercorn

Products recalled due to potential salmonella risk

The following products are being recalled because they could be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children and others with weakened immune systems:
Modern Products Inc. is recalling specific lots of various seasoning products with brands such as Spike, Vegit and … Original source on Gaea Times at : Recalled products linked to potential salmonella risk: seasoning products, peppercorn.

MBIA CEO Joseph W. Brown receives compensation package worth $5.1 million in 2009

MBIA CEO compensation fell 63 percent in 2009

CHARLOTTE, N.C. – The Associated Press has found that MBIA awarded its CEO, Joseph W. Brown, a compensation package worth $5.2 million last year, 63 percent less than in 2008.
A recent regulatory filing shows the majority of Brown’s compensation was from restricted stock and option awards.
Brown received $13.8 …. Original source  : MBIA CEO Joseph W. Brown receives compensation package worth $5.1 million in 2009.

Moody’s downgrades Ambac debt after regulators step in to segregate toxic assets

Moody’s cuts Ambac debt after regulators step in

NEW YORK – Moody’s Investors Service on Friday cut the senior unsecured debt of Ambac Financial Group Inc. to its lowest rating, after the bond insurer’s major subsidiary was hit with regulatory action.
Moody’s cut Ambac Financial to “C” from “Ca,” its lowest rating above default.
However, the ratings agency …. Read the original article  : Moody’s downgrades Ambac debt after regulators step in to segregate toxic assets.

Darden appoints Olive Garden executive as chief marketing officer; general counsel to retire

Darden Restaurants names chief marketing officer

ORLANDO, Fla. – Darden Restaurants Inc. will promote an Olive Garden executive to become the company’s new chief marketing officer, the restaurant chain said Friday.
John Caron, 52, who is the executive vice president of marketing at Olive Garden, will become Darden’s first ever CMO.
Meanwhile, the owner of Olive Garden, Red …. Source article on Gaea Times at  : Darden appoints Olive Garden executive as chief marketing officer; general counsel to retire.

RadioShack, Ann Taylor, Genzyme, Progressive, Oracle among big market movers Friday

RadioShack, Ann Taylor, Genzyme are big movers

NEW YORK – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
RadioShack Corp., up $1.85 at $23.65
A media report said that the electronics retailer is reviewing its strategic options, including a possible sale of the company.
Ann Taylor Stores Corp., up … Read the original article on Gaea Times at : RadioShack, Ann Taylor, Genzyme, Progressive, Oracle among big market movers Friday.

EU appeals to US to boost relations, says Europe remains bigger ally of Washington than China

EU seeks better trans-Atlantic ties
BRUSSELS – The EU called on the U.S. on Friday to upgrade trans-Atlantic relations, insisting that when it comes to crafting a new world order, Europe is a more significant ally than China and other emerging economies.

In separate appearances at the Brussels Forum – an annual security conference – three senior … Read this article on Gaea Times at : EU appeals to US to boost relations, says Europe remains bigger ally of Washington than China.

Dollar slides after European Union leaders agree to pledge financial support for Greece

Dollar slides as EU leaders resolve Greek bailout

NEW YORK – The dollar slid against the euro and the pound Friday after European leaders put aside their differences over the Greek debt crisis and agreed on a pledge of financial support for the country.
The 16-nation euro recovered from a 10-month low against the dollar, jumping to … Read more >>>.

AT&T declares regular quarterly dividend of 42 cents

AT&T declares regular quarterly dividend
DALLAS – Telecommunications company AT&T Inc. declared a regular quarterly dividend of 42 cents on Friday.

The dividend is payable May 3 to stockholders of record on April 9.
…. Original article  : AT&T declares regular quarterly dividend of 42 cents.

Seventh straight week of gains for Sensex (Weekly market review)

MUMBAI – Benchmark indices for Indian equities gained for the seventh straight week although the rally showed signs of slackening in what was a truncated week of trade.

The markets were closed Wednesday on account of Ram Navmi.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) moved up a modest 66.53 points …. Original article  : Seventh straight week of gains for Sensex (Weekly market review).

Republicans were for Obama’s health insurance rule before they opposed it

Obama’s health insurance rule _ it was a GOP idea
WASHINGTON – Republicans were for President Barack Obama’s requirement that Americans get health insurance before they were against it. The obligation in the new health care law is a Republican idea that’s been around at least two decades. It was …. Source article  : Republicans were for Obama’s health insurance rule before they opposed it.

Tully’s Coffee founder retiring as chairman

Tully’s Coffee founder retiring as chairman

SEATTLE – Tully’s Coffee founder Tom O’Keefe says he’s retiring June 30 as chairman of the company.
He made the announcement Friday at a shareholders meeting in Seattle. A company statement says a successor will be selected over the next 90 days by Tully’s board.
O’Keefe said he has confidence in the …. Source article  : Tully’s Coffee founder retiring as chairman.

India eyeing agri-business in Africa, says Preneet Kaur

CHANDIGARH – India is aiming to tap opportunities in the agricultural sector in Africa, Minister of State for External Affairs Preneet Kaur said Friday.

“There are many unexplored opportunities in the agri-business sector that we are looking forward to tap,” Kaur told reporters here.
A delegation of ambassadors and high commissioners from several African countries such … Read the original article on Gaea Times at : India eyeing agri-business in Africa, says Preneet Kaur.

US aviation firms asked to set up bases in India

WASHINGTON – India has asked US aviation companies to think of establishing manufacturing bases and investing in aviation infrastructure like airports in India for a long-term commitment.

Visiting Indian Minister of State for Civil Aviation Praful Patel told senior US officials like Commerce Secretary Gary Locke and Transportation Secretary Ray LaHood Thursday that Washington should …. Source  : Gaea News Network.

China says suspect detained in food scare 2 years ago; tainted dumplings sickened 10 in Japan

China has suspect in Japan tainted dumplings case
BEIJING – China has detained a man suspected of poisoning frozen dumplings that sickened at least 10 people in Japan two years ago, which caused a food safety scare in a key export market and further hurt foreign confidence in Chinese products.
The news contradicts Chinese authorities’ …. Original article  : China says suspect detained in food scare 2 years ago; tainted dumplings sickened 10 in Japan.

Obama’s 2nd pick to head up TSA withdraws, cites controversy over defense contracting work

2nd pick for transportation security chief is out

WASHINGTON – President Barack Obama’s second nominee for transportation security chief withdrew from consideration Friday because of questions over his background as a defense contractor.
Retired Army Maj. Gen. Robert Harding took himself out of the running as head of the Transportation Security Administration, another setback for Obama after …. Source  : Gaea News Network.

Holocaust soap made from human fat on sale in Canada!

TORONTO – A Canadian store in Montreal has claimed it is selling soap made from the fat of Holocaust victims.

The shop has displayed the beige-coloured soap bar inscribed with a Swastika in a glass case with a card reading ‘Poland 1940,’ a report by the Canadian Broadcasting Corporation says. The shop also sells a braid … Read : Holocaust soap made from human fat on sale in Canada!.

Russia ready to export poultry from India

Moscow, March 27 (IANS/RIA Novosti) Russia is ready to import poultry from India if the US does not resume its supplies, Russian Agriculture Minister Yelena Skrynnik has said.

India, a major poultry producer, has already expressed its readiness to supply its products to Russia, as well as Turkey and Thailand, Skrynnik said.
“At the moment, [..] Read the original article: here.

Regulators shut 2 Georgia banks, 1 in Florida, 1 in Arizona; makes 41 US bank failures in 2010

Regulators shut 2 Ga. banks, 1 in Fla., 1 in Ariz.

WASHINGTON – Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in the U.S. so far this year following the 140 that fell in 2009 to mounting loan defaults and the …. Source article on Gaea Times at  : Regulators shut 2 Georgia banks, 1 in Florida, 1 in Arizona; makes 41 US bank failures in 2010.

Time Warner CEO received compensation worth $19.4M in 2009, according to AP analysis

Time Warner CEO pay falls 9 pct. to $19.4M in 2009

SAN FRANCISCO – Jeffrey Bewkes, the CEO of Time Warner Inc., received compensation valued at $19.4 million in 2009, down more than 9 percent from the year before as his stock-based awards fell, according to an Associated Press analysis of a regulatory filing.
Bewkes, 57, received …. Original article  : Time Warner CEO received compensation worth $19.4M in 2009, according to AP analysis.

Gov. Granholm sees diversified Michigan economy as her legacy; says some benefits yet to come

Mich. governor sees diversified economy as legacy

LANSING, Mich. – Gov. Jennifer Granholm said Friday the legacy of her eight embattled years as governor will be a more diverse Michigan economy, although she acknowledges some of the benefits won’t be seen for years.
“I know that I won’t be able to cut the ribbon on the new …. Source article  : Gov. Granholm sees diversified Michigan economy as her legacy; says some benefits yet to come.

Regulators shut down 2 Georgia banks, 1 in Florida; makes 40 US bank failures this year

Regulators close 2 Georgia banks, 1 in Florida

WASHINGTON – Regulators on Friday shut down two Georgia banks and one in Florida, bringing to 40 the number of U.S. banks that have failed this year following the 140 that fell in 2009 to mounting loan defaults and the recession.
The Federal Deposit Insurance Corp. took over the …. Read the original article  : Regulators shut down 2 Georgia banks, 1 in Florida; makes 40 US bank failures this year.

Regulators shut down bank in Georgia; makes 38 US bank failures this year

Regulators close Georgia bank
WASHINGTON – Regulators have shut down a bank in Georgia, bringing to 38 the number of bank failures in the U.S. so far this year.

The Federal Deposit Insurance Corp. on Friday took over McIntosh Commercial Bank, based in Carrollton, Ga., with $362.9 million in assets and $343.3 million in deposits. CharterBank, based [..] Read the original article: here.

After past failures, government launches new effort to solve mortgage crisis, help homeowners

Take two: Gov’t tries new fix for mortgage crisis

WASHINGTON – The government’s bold new plan to stem the foreclosure crisis aims to succeed where previous efforts have fallen flat. Yet just as before, the odds are long, and many struggling borrowers won’t qualify.
In theory, the effort unveiled Friday would help millions of troubled homeowners who …. Source  : After past failures, government launches new effort to solve mortgage crisis, help homeowners.

Indiana jobless rate edges up to 9.8 percent for February; only state in region below 10 pct

Indiana jobless rate edges up to 9.8 percent

INDIANAPOLIS – Indiana’s unemployment rate inched up to 9.8 percent in February, but officials and economists pointed to a rise in temporary workers hired as a sign employers were becoming more confident about creating jobs.
The state Department of Workforce Development said unemployment rose just one tenth of a …. Original article on Gaea Times at  : Indiana jobless rate edges up to 9.8 percent for February; only state in region below 10 pct.

Iceland’s prime minister pressing IMF for review to determine next batch of bailout funding

Iceland’s premier pressing IMF on bailout review

REYKJAVIK, Iceland – Iceland’s prime minister said Friday she was pressing the International Monetary Fund to hasten a review to determine the next batch of bailout funding for the nation’s struggling economy.
The IMF had been putting off a decision on whether to release the second tranche of its $2.1 …. Source article  : Iceland’s prime minister pressing IMF for review to determine next batch of bailout funding.

Summary Box: Yields push lower after Treasurys rebound from recent selling

Summary Box: Rates lower after recent sell-off

BOND REBOUND: Interest rates pulled back in the bond market Friday after rising sharply earlier in the week. Treasury prices eked out small gains.
BARGAIN HUNTING: Investors sought bargains after Treasurys sold off strongly this week following lackluster demand for $118 billion of new government debt.
MIXED DATA: Mixed economic news …. Source article on Gaea Times at  : Summary Box: Yields push lower after Treasurys rebound from recent selling.

Recalled products linked to potential salmonella risk: seasoning products, peppercorn

Products recalled due to potential salmonella risk

The following products are being recalled because they could be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children and others with weakened immune systems:
Modern Products Inc. is recalling specific lots of various seasoning products with brands such as Spike, Vegit and … Read more »».

MBIA CEO Joseph W. Brown receives compensation package worth $5.1 million in 2009

MBIA CEO compensation fell 63 percent in 2009

CHARLOTTE, N.C. – The Associated Press has found that MBIA awarded its CEO, Joseph W. Brown, a compensation package worth $5.2 million last year, 63 percent less than in 2008.
A recent regulatory filing shows the majority of Brown’s compensation was from restricted stock and option awards.
Brown received $13.8 … Read the original article on Gaea Times at : MBIA CEO Joseph W. Brown receives compensation package worth $5.1 million in 2009.

Industrial package fails to draw much investment in Himachal

SHIMLA – A special package for industrial development in Himachal Pradesh which expires this month is likely to be extended, but experts are sceptical about its impact as the scheme has failed to attract much investment in the past seven years.

Official data shows that the state has got investment of only Rs.6,523 crore, though proposals …. Original source  : Industrial package fails to draw much investment in Himachal.

State Bank Of India Opens Branches In Assam

GUWAHATI, INDIA (GaeaTimes.com)- The Cachar and Hailakandi districts in the state of Assam received three more State Bank of India branches on Saturday. The opening of the new branches in the state comes within a short period of time after the State Bank of India announced that it plans to open as many as … Read the original article on Gaea Times at : State Bank Of India Opens Branches In Assam.

Others can learn from Indian reforms: Trinidad banking head

Port-of-SPAIN – Countries of the world can learn a lot from India’s economic reforms which have been tailored to its unique conditions, Governor of the Central Bank of Trinidad and Tobago Ewart Williams said Saturday.

“We in T&T have a lot to learn from India which has become one of the success stories in global economic … Original source on Gaea Times at : Others can learn from Indian reforms: Trinidad banking head.

Indian women getting ‘empowered’ with direct selling

NEW DELHI – India’s $740-million direct selling industry, where products are sold directly to customers rather than through retail shops, is fast emerging as a viable career option for women, empowering them to earn some decent money from home.

“Most women are raised to believe that they have to be perfect homemakers,” said Chavi Hemanth, secretary … Read more >>.

State Bank Of India Unveils Platinum Card

NEW DELHI, INDIA (GaeaTimes.com)- Leading Public sector bank SBI or State Bank of India which already has a staggering debit card base of 70 million, has added a new platinum debit card to its portfolio. Its other existing offerings are SBI Yuva Card, SBI Gold Debit Card and SBI Cash Plus cards which …. Original article  : State Bank Of India Unveils Platinum Card.

Economy may grow close to 8 percent in fourth quarter: Assocham

NEW DELHI – The Indian economy could grow close to 8 percent in the last quarter of the current fiscal, while the overall growth for the year could be between 7.2-7.4 percent, according to an industry lobby.

“The gross domestic product growth figure could be close to 8 percent for the fourth quarter in view of …. Source  : Gaea News Network.

Bolivia, Argentina sign revised natural gas deal

Sucre (Bolivia), March 28 (IANS/EFE) The Bolivian and Argentine governments have made updates to a natural gas contract dating back to 2006, establishing guarantees for both sides and also for construction of a $98 million gas pipeline.

The changes to the agreement were signed in this southern city by the presidents of the countries’s state-run energy … Original source on Gaea Times at : Bolivia, Argentina sign revised natural gas deal.

Africa looks up to Punjab for ‘green revolution’

CHANDIGARH – African countries are eyeing Indian technology and expertise, especially from Punjab, to bring in a green revolution that will help them ensure food security and even export food grains to other countries.

“With a proven, impressive track record in the field of agriculture, India is a role model for us. We are hoping to …. Read the original article  : Africa looks up to Punjab for ‘green revolution’.

Africa is destination next for India Inc (Comment)

The move by India’s top telecom player Bharti Airtel to acquire the African assets of Kuwait’s Zain marks the biggest foray of a domestic company into the continent. The landmark deal, estimated at $10.7 billion, raises the level of Indian investments in Africa to $16.7 billion.

Airtel’s entry into Africa is hugely significant as it underlines … Read the original article on Gaea Times at : Africa is destination next for India Inc (Comment).

AP Top News at 8:37 p.m. EDT

AP Top News at 8:37 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The …. Original source  : AP Top News at 8:37 p.m. EDT.

AP Top News at 8:35 p.m. EDT

AP Top News at 8:35 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The …. Read the original article  : AP Top News at 8:35 p.m. EDT.

AP Top News at 8:30 p.m. EDT

AP Top News at 8:30 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Original article on : AP Top News at 8:30 p.m. EDT.

AP Top News at 8:07 p.m. EDT

AP Top News at 8:07 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Read the original article on Gaea Times at : AP Top News at 8:07 p.m. EDT.

AP Top News at 8:06 p.m. EDT

AP Top News at 8:06 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The [..] Read the original article: here.

AP Top News at 7:56 p.m. EDT

AP Top News at 7:56 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Read : AP Top News at 7:56 p.m. EDT.

AP Top News at 7:49 p.m. EDT

AP Top News at 7:49 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Original source on Gaea Times at : AP Top News at 7:49 p.m. EDT.

AP Top News at 7:47 p.m. EDT

AP Top News at 7:47 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Original source on Gaea Times at : AP Top News at 7:47 p.m. EDT.

AP Top News at 7:44 p.m. EDT

AP Top News at 7:44 p.m. EDT
Palin to tea party rally: Don’t sit down, shut upSEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign. The … Original article on : AP Top News at 7:44 p.m. EDT.

Palin pumps up tea party activists in dusty Nevada desert hometown of Democrat Harry Reid

Palin to tea party rally: Don’t sit down, shut up
SEARCHLIGHT, Nev. – Sarah Palin told thousands of tea party activists assembled in the dusty Nevada desert Saturday that Sen. Harry Reid will have to explain his votes when he comes back to his hometown to campaign.
The wind whipped … Original source on Gaea Times at : Palin pumps up tea party activists in dusty Nevada desert hometown of Democrat Harry Reid.

Obama’s requirement that Americans get health insurance was GOP idea around for years

Obama health insurance requirement taken from GOP
WASHINGTON – Republicans were for President Barack Obama’s requirement that Americans get health insurance before they were against it.
The obligation in the new health care law is a Republican idea that’s been around at least two decades. It was once trumpeted as an alternative …. Source article on Gaea Times at  : Obama’s requirement that Americans get health insurance was GOP idea around for years.