AP - President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy.
AP - More than 80 years ago, Germany sold tens of thousands of bonds to American investors in an effort to recover financially from World War I. Later, Adolf Hitler used some of the money raised by those bonds to build the powerful Nazi war machine that would ravage Europe during World War II.
Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.
AP - A former Army soldier demanding behavioral treatment at a Georgia military hospital took three workers hostage at gunpoint Monday before authorities persuaded the gunman to surrender peacefully.
AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.
Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.
McClatchy Newspapers - WASHINGTON — President Barack Obama Monday proposes a quick $50 billion boost in federal spending to rebuild roads, railways and runways — a move he says will create jobs and which Democrats hope will improve their election prospects in November.
AP - President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy.
Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
AP - European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.
Reuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.
AP - Mexican authorities opened shelters and warned people to watch out for mudslides Monday as Tropical Storm Hermine approached the northeastern border with Texas, the second major storm to hit the area this season.
AFP - US President Barack Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.
Reuters - President Barack Obama will announce on Monday a six-year plan to revamp the United States' aging roads, railways and runways with a $50 billion up-front investment to jump-start job creation.
CQPolitics.com - The dynamics in the Alaska Senate race were changed dramatically when Sen. Lisa Murkowski was upset in the Aug. 24 GOP primary by Fairbanks attorney Joe Miller. While we're not convinced that national Democrats will commit the level of resources needed to make the race competitive, CQ Politics is moving the rating of the race from Safe Republican to Likely Republican to reflect the new uncertainty of the open-seat contest.
AP - It's hard to predict which pills will best lower which patient's high blood pressure, but researchers are hunting ways to better personalize therapy — perhaps even using a blood test.
AP - The United Nations says it needs hundreds of millions of dollars in new donations to get food, water, medicine and shelter to Pakistanis hit by flooding.
AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.
AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.
The Atlantic Wire - As the job market and housing sector
continue to suffer, the White House is seeking initiatives meant to
re-stimulate the economy, following the first stimulus efforts of 2009.
According
to Time magazine, "most nonpartisan economists agree" that the first
stimulus was successful in the short-term but did not go far enough.
The "second stimulus" proposals are a $100 billion tax credit for businesses and $50 billion on infrastructure spending.
Any such measures must still be improved by an increasingly partisan
Congress that is expected to shift heavily Republican in November.
AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.
Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.
AP - The USS Olympia, a one-of-a-kind steel cruiser that returned home to a hero's welcome after a history-changing victory in the Spanish-American War, is a proud veteran fighting what may be its final battle.
AP - The Black Widow of eating contests gobbled up nearly 181 chicken wings in 12 minutes, devouring the national championship record in Buffalo on Sunday.
AP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
Reuters - Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years.
AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.
Reuters - Increasingly erratic rainfall patterns related to climate change pose a major threat to food security and economic growth, water experts said on Monday, arguing for greater investment in water storage.
AP - The yellow-green streaks of fireflies that bring a magical air to summer nights, inspire camp songs and often end up in jars in children's bedrooms may be flickering out in the nation's backyards as suburban sprawl encroaches on their habitats.
AP - Craiglist's "adult services" section has been shut down in the U.S., but prostitution on the Internet is alive and well — even, quite possibly, on Craigslist.
AP - A flight attendant who captured America's attention when he told off a plane full of passengers and then slid down an emergency chute resigned from his job last week and wasn't fired, his lawyer said Sunday.
The year 2010 will see states spend heavily on promotional activities to attract travellers, both domestic and foreign. Of their budgets allotted for tourism, states are looking at a slew of promotional activities, including advertisement campaigns, roping in popular personalities as ambassadors and roadshows.
Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
CQPolitics.com - Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery.
AP - Government officials from around the world used to come to this port city to catch a glimpse of the future: Two-story piles of trash would disappear into a furnace and eventually be transformed into electricity to power thousands of homes.
AP - Investigators looking into what went wrong in the Gulf of Mexico oil spill are a step closer to answers now that a key piece of evidence is secure aboard a ship.
AP - Duong Nghe Ly can't wait to begin his senior year at South Philadelphia High School. A day of violence there last year changed his life, and he wants to learn if his school has been transformed as well.
AP - Government agencies are seeking broad new authority to ramp up killings and removals of gray wolves in the Northern Rockies and Great Lakes, despite two recent court actions that restored the animal's endangered status in every state except Alaska and Minnesota.