The Obama administration wants to help more struggling Americans stay in their homes by reducing the amount they owe on their troubled mortgages, a top Treasury official said on Saturday. “We are very definitely trying to facilitate more principal reductions,” said Timothy Massad, Treasury’s acting assistant secretary for financial stability. “It is a very important [...]
It’s been a tough week for the U.S. economy. Housing prices continued to fall, the stock market dropped again for the fifth week in a row, but it was the job numbers that really hit home: Employers added just 54,000 jobs in May. That’s the fewest in the last eight months. The unemployment rate unexpectedly [...]
After a week of tough economic news, the latest job numbers tell perhaps the most powerful story of economic pain that continues to wrack Americans. And it puts President Obama’s 2012 re-election at risk. The economy added just 54,000 jobs in May, far below forecasts, and the housing market hardly has a pulse. It’s become [...]
WASHINGTON – Commerce Secretary Gary Locke and Education Secretary Arne Duncan participated in a conference call today to discuss comprehensive immigration reform with members of the U.S. Chamber of Commerce. The pair made the case for why effective immigration reform is vital to U.S. economic competitiveness and why the involvement of the business community is [...]
True confessions: I live in a bubble. Washington, D.C., the area I call home, appears to be one of the only two places in the country (the other being Seattle) where real estate is doing very well, thank you. So around me, I see home prices stable and rising, and houses getting sold within days [...]
NEW YORK — Psssh. That’s the sound of the air being sucked out of the job recovery. All eyes in the financial world are on the government’s monthly labor report due Friday, hoping to see that the job market continued to grow in May. But after several indicators pointed to a recent slowdown in job [...]
A double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy’s soft patch could become protracted. “The question is, ‘Is the softer data we’re seeing transitory, or is it likely to persist throughout the remainder of 2011?’ Right now, that’s an open question that investors are [...]
Republican Sarah Palin rolled into Washington on the back of a Harley-Davidson on Sunday, sparking a frenzy of attention and renewed speculation about her 2012 presidential plans. Dressed in black jeans, leather jacket and helmet, Palin opened a campaign-style East Coast bus tour by joining tens of thousands of participants in the annual Rolling Thunder [...]
Memorial Day is a holiday that has evolved dramatically over the years. Memorial Day observances began after the Civil War to honor the Union soldiers who gave their lives in the conflict. They were expanded after World War I to become a tribute to the dead of all the nation’s wars. When Memorial Day began, [...]
Prison-issued toilet paper is what musician William Michael Dillon used to write down most of his songs, including “Black Robes and Lawyers,” which has just been released on iTunes. “I was arrested for murder on August 26, 1981, for a crime I didn’t commit,” Dillon tells his audience as he starts strumming his guitar. “I [...]
London, Kunjungan Michelle dan Barack Obama ke Inggris menjadi “pertarungan” mode terbuka antara sang Ibu negara dan sang putri. Michelle dan Kate Middleton tampil dengan gaun terbaik mereka. Dalam waktu beberapa jam, para pakar mode di seluruh dunia pun sibuk menjadi juri dadakan dari pertarungan tersebut. Pada pertemuan itu, Kate berhasil menyita perhatian dengan gaun [...]
As world leaders convene in France for the annual G8 Summit, Food & Wine’s restaurant editor Kate Krader divulges some top dogs’ favored noshes. Barack Obama: Hamburgers One of the many DC burger joints he frequents is Good Stuff Eatery, where Top Chef contestant Spike Mendelsohn created the Prez Obama burger and the Michelle Melt [...]
Desis suara lebah memenuhi Konser Musik di kediaman Duta Besar Indonesia di Washington, D.C. Olah vokal itu menghasilkan alunan lagu Flight the Bumble Bee yang unik dan mempesona 200-an tamu yang 70% adalah pejabat pemerintahan, civil society, dan pimpinan perusahaan AS. Harmonisasi suara dan gerakan itu dibawakan secara apik oleh Gema Sangkakala Choir yang berhasil [...]
Sekolah-sekolah di Chicago, AS, kini mengajarkan bahasa Mandarin dan mendorong para siswanya untuk belajar di Tiongkok. Banyak siswa Amerika kini mahir menulis dan berbicara dalam bahasa Mandarin. Kejarlah ilmu sampai ke negeri Tiongkok . Pepatah ini berlaku tak hanya di tanah air, tapi juga mulai terasa gaungnya di Amerika Serikat. Dan, sama halnya dengan banyak [...]
Rasa sedih mengawali kisah hidup Nkosi Johnson. Nkosi Johnson mengakhiri perjuangan hidupnya di usai 12tahun lewat 3bulan Percepatan hidupnya terjadi karena Nkosi hidup dengan penyakit Aids sejak lahir. Nkosi dilahirkan sebagai Xolani Nkosi pada bulan Februari 1989 di sebuah kota kecil di pinggiran Johannesburg, Afrika selatan. Dia dilahirkan dan dibesarkan tanpa pernah tau siapa ayah [...]
Dewan Gabungan AS-Indonesia bidang Pendidikan Tinggi makin intensif berupaya membangkitkan minat orang Indonesia untuk belajar di Amerika dengan menyediakan beberapa kemudahan, termasuk program kredit pelajar. Mahasiwa asal Tiongkok di salah satu universitas AS. Jumlah mahasiswa Tiongkok dan India di AS terus meningkat, sebaliknya jumlah mahasiswa Indonesia terus menurun pasca krisis moneter tahun 1998. Direktur Eksekutif [...]
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