Archive for November 22nd, 2008
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Investor fear remains deep despite 1-day rally (AP)
AP – Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession. -
Obama taps passionate defender for press secretary (AP)
AP – Two of the top qualities Robert Gibbs brings to the job of White House press secretary aren’t found on his resume: He won’t flinch at telling it like it is to the next president or telling it like he thinks it ought to be to the media. -
Will Obama mum-in-law make it a family affair in the White House? (AFP)
AFP – When US president-elect Barack Obama moves into the White House in January, word is that mother-in-law Marian Robinson will be moving in, too. -
Fact Sheet: Asia-Pacific Economic Cooperation Leaders Meeting
At the 16th Annual Asia-Pacific Economic Cooperation (APEC) Leaders Meeting in Lima, Peru, President Bush and Fellow APEC Leaders Reaffirmed Their Commitment to Enhancing Economic Growth, Prosperity, Security, and the Quality of Life for all Citizens in the Asia-Pacific Community.
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Obama’s picks for economic team confirmed
President-elect Barack Obama plans to name Timothy Geithner as treasury secretary and Lawrence Summers to direct the National Economic Council, transition officials said.
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Richardson at Commerce, Summers as economic adviser (Politico)
Politico – Democratic sources report two major decisions by President-elect Obama: New Mexico Gov. Bill Richardson (D) will be named secretary of Commerce, subject to final vetting. And Lawrence Summers, Treasury secretary in the Clinton administration, will be White House economic adviser.
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APEC leaders: No new trade barriers
Leaders from 21 nations that account for half the world’s economy pledged Saturday not to implement protectionist measures for the next 12 months — no matter how punishing the global downturn gets. -
Bush scores wins on economy, N. Korea
President George W. Bush snares international support on the economy and North Korea, emerging from his final world gathering with modest wins and growing nostalgia about his turbulent tenure. -
(AP)
AP – Sources say President-elect Barack Obama on Monday will name New York Fed Chairman Timothy Geithner treasury secretary, Lawrence Summers director of National Economic Council.
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Obama names longtime spokesman Gibbs press chief (AP)
AP – President-elect Barack Obama on Saturday named longtime spokesman Robert Gibbs as White House press secretary and reached outside his inner circle for the post of White House communications director.
