Washington - US president Barack Obama Monday added his anger to mounting criticism of the bailed-out insurance giant American International Group Inc (AIG) over its payment of huge bonuses and vowed to block them.
The firm has revealed it intends to hand out 1 billion dollars in reward pay, including 165 million dollars already given to the very traders who sold financial instruments that helped trigger the global credit crisis.
Washington - US President Barack Obama laid out a new effort Monday to help small businesses struck hard by a Wall Street crisis that has cut off their access to loans.
The administration's new plan is designed to jump-start lending by directly investing in frozen credit markets, boosting loan guarantees and forcing the 21 banks that have accepted emergency government funds to report monthly on their loans to US companies.
London, March 16 : A Hawaiian Tropic beauty queen, who shot to fame during U. S. President Barack Obama's campaign with her raunchy tribute song `I Got A Crush. On Obama', has been voted the No. 1 woman on the Internet.
Amber Lee Ettinger, 26, was voted for by more than a million viewers worldwide.
As Obama headed for the White House, the success of `I Got A Crush' landed her in the record books.
She has now topped a mega-poll by cable and satellite giant E! Entertainment TV.
Washington, Mar 16 : Former Vice President Dick Cheney has said that the Obama Administration will "raise the risk" of a terrorist attack by overhauling his predecessor's approach to the War on Terror.
Cheney criticized President Barck Obama's decisions to close the Guantanamo Bay detention camp, limit the methods CIA officers use to interrogate terror suspects and suspend military tribunals for alleged terrorists, saying those decisions taken together will make Americans less safe.
Rome - The Vatican and Washington are in the process of organizing a meeting of Pope Benedict XVI with US President Barack Obama, Italian media quoted US Vatican representative Thomas J Reese as saying.
It is possible that the two leaders would meet during Obama's first visit to Europe on the occasion of the G20 summit in London in April, Reese said in an interview on Italian television.
According to the Ansa news agency, the Holy See has unofficially confirmed the proposed meeting.
Washington, Mar. 15 : There is one thing most Americans are sure about, and that is that President Obama has a way with words and the ability to continue to ` swing votes’ in his favour.
A reconfirmation of this came when Obama and Brazilian President Luiz Inacio Lula da Silva passed the latest addition to the White House landscape: the “Supersized Rainbow Castle” play set installed for Obama’s daughters – Malia and Sasha.
Washington - US president Barack Obama Monday added his anger to mounting criticism of the bailed-out insurance giant American International Group Inc (AIG) over its payment of huge bonuses and vowed to block them.
Washington - US President Barack Obama laid out a new effort Monday to help small businesses struck hard by a Wall Street crisis that has cut off their access to loans.
London, March 16 : A Hawaiian Tropic beauty queen, who shot to fame during U. S. President Barack Obama's campaign with her raunchy tribute song `I Got A Crush. On Obama', has been voted the No. 1 woman on the Internet.
Washington, Mar 16 : Former Vice President Dick Cheney has said that the Obama Administration will "raise the risk" of a terrorist attack by overhauling his predecessor's approach to the War on Terror.
Rome - The Vatican and Washington are in the process of organizing a meeting of Pope Benedict XVI with US President Barack Obama, Italian media quoted US Vatican representative Thomas J Reese as saying.
Washington, Mar. 15 : There is one thing most Americans are sure about, and that is that President Obama has a way with words and the ability to continue to ` swing votes’ in his favour.
