The White House is under pressure to show tangible results in the enhancement of growth and increasing employment before the Congressional elections in November. The U.S. President Barack Obama next week will present new measures to boost U.S. economy today after it became clear that in August they were again created new jobs with a very slow pace, officials said. Obama has made a positive news that job creation is more than expected. He stressed however that the data are not good enough to tackle the economic problems the U.S. is necessary to take further measures. The White House is under pressure to show tangible results in the enhancement of growth and increasing employment before the election for Congress in November, when Democrats Obama may be “punished” because of voters reached nearly 10 percent unemployment. On Monday, Obama outlined several possible options for increasing measures including more tax reductions for the middle class, investing in green energy, more infrastructure costs and additional tax cuts for businesses to promote job creation.
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According to the bond market is less risky to lend to the administration of United States President Barack Obama, rather than company Berkshire Hathaway of Warren Buffett. The yield on bonds of Berkshire Hathaway Inc., Maturing in February 2012, to March 18 was 0.89 percent - by 0.035 percentage points lower than that of U.S. government securities have the same maturity. Buffett’s company has 157 billion dollars in cash and equivalent assets and debts of 52 billion dollars. According to Deutsche Bank and Barclays Plc balance sheets of companies like Berkshire Hathaway Inc. make their bonds more attractive by the state. Bonds of Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. also traded at a lower yield than that of th securities in recent weeks. “This is an extremely rare event in the history of the bond market,” said former chief strategist for the bond markets, Lehman Brothers Holdings Inc. Jack Malvi. Although government bonds guaranteed by the government, usually carry a lower yield than corporate, now the principle is violated when credit agency Moody’s Investors Service announced last week that the United States are very close to losing its AAA rating.
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The U.S. president Barack Obama has announced that the government will guarantee loans for 8.3 billion dollars. With these funds should be built first new nuclear reactors in the country for the past thirty years. According to the plans have the money to build two reactors in Georgia, as if everything goes according to plan, they should start operating in 2016 and 2017. Thanks to them with electricity will be supplied 1,4 million people, transmit USA Today. Industry expectations are that the state will direct more money into the sector. The budget for the energy ministry in 2011 had already pledged $ 18 billion to be invested in nuclear power. Obama himself, however, insists the money should be tripled to 54.5 billion dollars. This will be funded the construction of six to ten reactors. Obama’s position is that because of nuclear energy is limited release of greenhouse gases in the atmosphere and therefore it is necessary to work towards the creation of new reactors. This according to him is the only way to achieve the objectives related to climate change. This makes the industry representatives to prepare for a renaissance of nuclear energy and considerable investment. Creation of new nuclear plants in the United States was suspended in 1979 after an accident in a reactor at the plant Three Mile Island. Other leading countries also emphasize the nuclear energy. Among the most prominent examples are China, Japan and France.
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The European stocks fell today for the second straight day due to the decline in raw material producers. Contribute to negative feelings and disappointments for investors to forecast sales of AstraZeneca, which is better than expected performance of Nokia and Hennes & Mauritz failed to compensate. Pan-European index Dow Jones Stoxx 600 lost 1.1 percent to 244.61 points. From its peak this year, reported on 19 January, the index has lost over 6 per cent as announced by President Barack Obama’s plan to reduce the risk activities of banks and action by China to cool the economy. Major national indexes fell on 13 of the 18 western European markets. The French CAC 40 lost 1.9 percent to 3688.79 points, the British FTSE 100 fell by 1,4 per cent to 5145.74 points while the German DAX retreated by 1,8 per cent to 5540.33 points. Shares of ArcelorMittal and BHP Billiton retreated accordingly by 2,4 percent and 3,7 percent due to cheaper metals. Shares of British drug maker AstraZeneca lost 4,6 to even hundred forward Bloomberg.
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The U.S. shares grew today as the index Standard & Poor’s 500 reported the longest series of increases of nearly two months. Rising metals and oil prices lead to increases in the shares of producers of raw materials and offset speculation that interest in the United States will be increased. Shares of Exxon Mobil rose by 0,6 percent. Greatest reduction in the sectoral groups in S & P 500 reported bank in depreciation for securities positions Fifth Third Bancorp and Wells Fargo. Reported a decline and shares of air carriers Delta Air Lines and AMR, after United States President Barack Obama ordered a review of security procedures at airports because of the attempt to blow up an airplane three days ago. S & P 500 added 0.1 percent to 1127.78 points, melting earned during the session 0.4 per cent. This is the sixth consecutive increase in the index.
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