PRESIDENT OBAMA'S AMERICAN RECOVERY AND REINVESTMENT PLAN

THE PRESIDENT'S AMERICAN RECOVERY AND REINVESTMENT PLAN

(From The White House Site)
With each passing day, families across America are watching their bills pile up and their savings disappear.

President Obama believes that if we do not act quickly, this recession could linger for years – and America could lose the competitive edge that has served as the foundation for our strength and standing in the world.
That's why the President has put forth an American Recovery and Reinvestment Plan that will jumpstart job creation and long-term growth by:

* Doubling the production of alternative energy in the next three years.
* Modernizing more than 75% of federal buildings and improve the energy efficiency of two million American homes, saving consumers and taxpayers billions on our energy bills.
* Making the immediate investments necessary to ensure that within five years, all of America’s medical records are computerized.
* Equipping tens of thousands of schools, community colleges, and public universities with 21st century classrooms, labs, and libraries.
* Expanding broadband across America, so that a small business in a rural town can connect and compete with their counterparts anywhere in the world.
* Investing in the science, research, and technology that will lead to new medical breakthroughs, new discoveries, and entire new industries.
Dancing Presidential
(01:08) Reuters VideoReport

Jan 20 - President Barack Obama and First Lady Michelle arrive for the first of a series of Inaugural Balls.
Throughout the evening, the Obamas will attend an expected 9 inaugural balls.

Will Banks and Financial Markets Recover in 2009?

Will Banks and Financial Markets Recover in 2009?
(From The Guatamala Times, By Prof, Nouriel Roubini) Read whole article, click on link.

So what lies ahead in 2009? Is the worst behind us or ahead of us? To answer these questions, we must understand that a vicious circle of economic contraction and worsening financial conditions is underway.
The United States will certainly experience its worst recession in decades, a deep and protracted contraction lasting about 24 months through the end of 2009. Moreover, the entire global economy will contract. There will be recession in the euro zone, the United Kingdom, Continental Europe, Canada, Japan, and the other advanced economies. There is also a risk of a hard landing for emerging-market economies, as trade, financial, and currency links transmit real and financial shocks to them.
So 2009 will be a painful year of global recession and further financial stresses, losses, and bankruptcies. Only aggressive, coordinated, and effective policy actions by advanced and emerging-market countries can ensure that the global economy recovers in 2010, rather than entering a more protracted period of economic stagnation.

Nouriel Roubini is Professor of Economics at the Stern School of Business, New York University and Chairman of RGE Monitor (www.rgemonitor.com), an economic and financial consultancy.

Bet on Wall Street hyping a recovery, big earnings, new bull in 2009

10 clues: A new bubble is blowing
Bet on Wall Street hyping a recovery, big earnings, new bull in 2009

10 clues from PAUL B. FARRELL is an entertaining and challenging article. Worth reading and sifting through, to be informed before the next bubble (Art?) bursts.

ARROYO GRANDE, Calif. (MarketWatch) -- No bottom yet? No problem! Wall Street needs another bull, is already secretly blowing a newer, bigger bubble. How do we know? Simple. They're bubble-blowers by nature. It's locked in their DNA, controls their brain waves. It's the divine spark that guides their destiny and America's too.