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Barack Obama
News and interviews on Barack Obama including trends, features, blogs and community conversations from an Australian business perspective.
Obama addresses Federal Parliament: Midday Roundup
US President Barack Obama has praised the decades-long relationship between the United States and Australia in a speech to Federal Parliament, also flagging cuts to defence spending in his country.
Australia has desperate measures for desperate times
Unlike the US, we have plenty of ammunition to fight a slowdown.
The US dances closer to default: Maley
As the US inches towards its debt ceiling attempts to reach a budget compromise are growing desperate. But warnings of a US default from the highest levels are a realistic possibility.
Gillard holds firm on carbon tax despite poll results: Midday Roundup
Prime Minister Julia Gillard has confirmed the Government will continue on its path towards a carbon tax despite dropping in the polls.
Australia lacks Obama-style small business plan – Opposition
The Obama administration has unveiled a wide-ranging strategy for start-ups in the US, prompting the Federal Opposition to accuse the Government of lacking a similar plan for Australian small businesses.
Pace of economic growth slowing, Westpac index reveals: Economy Roundup
Telstra will see a gain of $150 million due to a new agreement that will allow it to restructure its Hong Kong joint venture, Reach.
Why Julia Gillard’s levy is completely unnecessary: Kohler
A levy to fund flood rebuilding is simply not needed. The federal budget could easily handle the reconstruction, but only if both sides of politics get over their dogmatic, irrational commitment to budget surpluses.
China’s currency peace offering for the US: Maley
China has allowed a slight appreciation in the yuan, timed perfectly with Hu Jintao's visit for talks with Barack Obama. The timing is hardly coincidental, Washington will want more and some in Beijing might feel the same way.
Why markets will be nervously watching America’s debt ceiling debate: Maley
Markets are set for a bumpy ride as moves by the Obama Administration to raise America's debt ceiling to stave off a default are thwarted by newly empowered Republicans unmoved by their concerns.
Welcome to America and China’s stimulus arms race: Kohler
The US and China are embroiled in a stimulus arms race. At some point there will be a moment of reckoning for countries, but for the time being all that matters is who has the biggest GDP.
Why global markets think tomorrow doesn’t matter: Kohler
It’s clear that just as China’s communist leaders aren’t too worried about inflation, America’s politicians aren’t too worried about the deficit. But the real surprise is that the market agrees that tomorrow doesn't matter.
Warren Buffet says US won’t drop into double-dip recession
Warren Buffett tells summit he is a “huge bull” regarding the country’s current economic climate and does not expect a double-dip recession.
Obama announces $US50 billion in new spending to kick-start US economy
The Obama administration will spend $US50 billion over six years to construct and maintain roads and railways in a massive infrastructure project designed to kick-start the country’s economy.
Company profits up 19%, Shares jump 2% on US stimulus hopes: Economy Roundup
Australian sharemarket opens nearly 2% higher, following a speech from Ben Bernanke in which he noted the reserve would be willing to stimulate the US economy again if needed.
Residential construction to stall in 2011: Economy Roundup
Telstra chief executive David Thodey says the $11 billion agreement with the NBN Co. is a very encouraging milestone.
BP agrees to $US20 billion compensation fund: Economy Roundup
Australian sharemarket opens flat, following similar leads from Wall Street where investors were disappointed over news housing starts were lower than expected, prompting fears of a longer recovery process.
House prices up 0.6% in May, Economic growth set to slow: Economy Roundup
Barack Obama makes televised address stating BP will take responsibility for the cleanup effort of its giant oil spill in the Gulf of Mexico.
BP buys “oil spill” adwords
Embattled oil giant BP has bought search terms and adwords specific to their oil spill for search engines like Google and Yahoo to improve their image in the wake of the worst oil spill in US history.
These debt timebombs will not be easy to diffuse: Kohler
How much of the US growth rebound of the past 12 months has been due to debt-funded stimulus from the government? Pretty well all of it – hence the fear dominating Wall Street.
Why the US and China are getting upset over debt: Maley
As President Barack Obama prepares to meet the Dalai Lama later today, he'll be feeling the mounting pressure of China's decision to vigorously sell US government debt.
