Obama Administration

U.S. Government to Sue BP Sat, 12/18/2010 - 09:47 by Alan Oscrof Just when BP (NYSE: BP) looked like its recovery from the Deepwater Horizon disaster was starting to strengthen, here comes news that the U.S. government is suing. Comments Read more	Government lets public follow the money Thu, 12/02/2010 - 23:13 by Prince damin Washington -- The Obama administration is increasing the opportunity for the public to follow the money on government contracts, a federal budget agency said. The Office of Management and Budget is now publishing the names of contractors and subcontractors for all recipients of federal funds on projects larger than $25,000, The Washington Post reported Thursday. That means if a New York company is awarded a grant, but then hires a California company to do the work, the public can now track which locality actually benefited from the contract. Comments Read more	Endangered status urged for Hawaiian whale Thu, 11/18/2010 - 07:55 by Prince damin Washington -- The dwindling population of a whale in Hawaiian waters has led the Obama administration to propose classifying the species as endangered, environmentalists say. The Hawaiian false killer whale has a small and ecologically important population that has suffered a significant decline over the last 25 years and only 150 of the animals may be left, a Natural Resources Defense Council release said Wednesday. "The whales are losing their food, getting hooked on fishing lines and accumulating toxins at a rate that threatens their survival," Michael Jasny of the NRDC's Marine Mammal Project said. "Protecting them will go a long way towards protecting the extraordinary marine environment of the Hawaiian Islands," he said. Comments Read more
Stem cell financing continues for now, scientists feel future hazy Sat, 09/11/2010 - 01:41 by Yashika kapoor Though temporary, but a federal appeals court has on Thursday approved financing stem cell research, till it considered the last month’s order that banned funding the research. Comments Read more	HAMP shortfall: 48% homeowners drop out of program in July Sun, 08/22/2010 - 15:10 by Jaspreet Virk Just as the foreclosure activity in the nation is surging, so is the drop out rate from federal government's loan modification program. In fact, the Obama administration's Home Affordable Modification Program (HAMP) has definitely fallen short of target. Comments Read more	Pending home sales surge 6% in April Thu, 06/03/2010 - 18:01 by Jaspreet Virk Benefiting from federal tax credit and recovering housing market, pending home sales in the nation surged by 6 percent in April, according to a report released by National Association of Realtors, North America's largest trade association. Comments Read more
Mortgage delinquency rate rises in Q1 Thu, 05/20/2010 - 13:09 by Jaspreet Virk With an increase in the number of home owners behind on mortgage payments, delinquency rate for mortgage loans rose to a seasonally adjusted rate of 10.06 percent in the first quarter this year, according to the latest survey conducted by the Mortgage Bankers Association (MBA). Comments Read more	Washington summit to focus on Michigan Tue, 05/18/2010 - 15:56 by Rakhi Washington -- The Obama administration has invited major players in the U.S. auto industry to a conference in Washington that will focus on Michigan's economy. "There is much to do. We need to strengthen the partnership between industry and government," said Sen. Carl Levin, D-Mich. The government's response to the downturn in the automobile industry "can't just be a one-time reaction to a crisis," he said. Financial and political luminaries expected to attend include White House National Economic Council Director Lawrence Summers, Labor Secretary Hilda Solis, Michigan Gov. Jennifer Granholm and Detroit Mayor Dave Bing, The Detroit News reported Saturday. Comments Read more	Washington summit to focus on Michigan Sun, 05/16/2010 - 10:53 by Rakhi Washington, Conn. -- The Obama administration has invited major players in the U.S. auto industry to a conference in Washington, which will focus Michigan's economy. "There is much to do. We need to strengthen the partnership between industry and government," said Sen. Carl Levin, D-Mich. The government's response to the downturn in the automobile industry "can't just be a one-time reaction to a crisis," he said. Financial and political luminaries expected to attend include White House National Economic Council director Lawrence Summers, Labor Secretary Hilda Solis, Michigan Gov. Jennifer Granholm and Detroit Mayor Dave Bing, The Detroit News reported Saturday. Comments Read more
Exec pay ignores government's concept Fri, 04/02/2010 - 11:15 by Pankaj Damin Washington -- Executive pay at many U.S. corporations is headed in the opposite direction the Obama administration wants it to go, a recent study says. In response to the financial crisis, the administration has tried to nudge corporations to pay more in stock that is redeemable after a delay to encourage executives to take more interest in the long-term health of their companies, The Washington Post reported Thursday. But recent a study by the Corporate Library shows a preference for cash payments, which are thought to promote risk-taking behavior. The study by the independent watchdog group shows that executives received more perks in 2009 than in 2008. Comments Read more	Google halts censoring search results in China Tue, 03/23/2010 - 10:13 by Priyanka Google Inc.’s Chief Legal Officer David Drummond on Monday announced via a blog posting that Google has officially halted censoring its search results in China after failing to reach consensus with Chinese government. Comments Read more	Chinese premier refutes US claim of intentional devaluation of Chinese yuan Sun, 03/14/2010 - 17:29 by Jaspreet Virk Countering claims by United States that China is keeping its currency undervalued in order to boost exports, Chinese Premier Wen Jiabao stated that the country has kept yuan stable in order to help global rebalancing. Comments Read more