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President Bush uncertain about the economy and growth President Bush uncertain about the economy and growth |
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| Wednesday, 30 January 2008 | |
![]() Bush uncertain about economy In State of the Union address, President Bush outlines economy as an uncertainty. He addresses growth concerns and more. In the State of the Union address Monday night, President Bush addresses several key issues. Not to be left until the next president is elected, he warns of the need to increase economic growth. According to Bush, American people are concerned about the economy and the "period of uncertainty" that is taking hold. Bush talked about the slowing economy but told the American people that in the long run, the US people should be "confident about economic growth." One way of moving the economy forward was to take advantage of the US $150 billion stimulus package that is in Congress for approval. He warned Congressional leaders not to delay the package, nor to add too much to it. The Bush Administration, along with the Congress believe that adding these funds into the hands of US citizens as well as providing business tax cuts will help to move the country forward and keep it from entering a recession. In addition to this, Bush talked about the trade agreement that he and his diplomats have been working to create with Colombia. Colombia is one of the United States' strongest allies in South America, where there is staunch disproval of Bush's Administration. As his last State of the Union address, many believed that Bush would be less aggressive in his plans for the year, yet, as is true to his character, he outlined specific goals that he wants to be met. This story relates to: [SEE ALL] BOOKMARK THIS PAGE (What is this?) |
Property slump now affecting luxury property in the US with millions off asking pricesThe property downturn in the US is leaving no one unaffected as even those with luxury homes are having to slash millions of dollars off the asking price in order to sell.
London is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.
Once upon a time the Canary Islands were an exclusive holiday haunt for only a select few who actually knew where the Spanish archipelago was hidden in its tucked away corner of the North Atlantic Ocean.
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