Finance Minister of the United States refused “700 billion rescue package” on automobile industry aid
U.S. Treasury Secretary Paulson told on the 18th representatives of the U.S. Congress: regardless of Detroit’s three largest U.S. automobile plant in need of help, the Bush administration is determined not with “700 billion rescue package” come up with 25 billion to rescue vehicle industry.
Angela Merkel hopes that the United States’ assistance to the automobile industry will not hurt European counterparts
According to British media report on November 18, German Chancellor Angela Merkel expressed the hope that the U.S. domestic automobile industry relief measures do not harm the European car manufacturers.
U.S. three gaints urged the goverment to help them
Detroit’s three gaints - automobile plants’ chief executives speeched with an urgent appeal to American taxpayers to extend a helping hand to the automotive industry, but can not eliminate the doubts about the mood within the Congress, which sentiment casts a shadow over the prospect of government plan to help the auto industry.
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Hu Jintao laid a wreath to the Jose Marti Monument
November 18, Chinese President Hu Jintao accompanied by the first vice president of Cuban Council of State and the First Deputy Chairman of Minister Council, Machado at the Havana’s Jose Marti Revolution Square monument laid a wreath.
President Hu Jintao visited the first secretary of Communist Party of Cuba Central Committee Fidel Castro
President Hu Jintao on the 18th in Havana came on a cordial visit of the first secretary of Communist Party of Cuba Central Committee Fidel Castro. The two sides warmly shook hands and exchanged greetings, and talked in a sincere and friendly atmosphere.
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U.S. unemployment rate in the third quarter of next year will reach 7.5%
National Association for Business Economics (NABE) survey released yesterday: the U.S. economy is in recession, in the third quarter of 2009, the unemployment rate will reach 7.5 percent. NABE economic forecast released yesterday showed with 96% of those who forecast that the U.S. economy into recession.
GDP for two consecutive quarters appeared economic contraction, so Japan after 7 years returned to the stage of the recession
Cabinet Office on the 17th released statistics quick report that after adjusting for price changes, Japan in the third quarter of this year, with real gross domestic production (GDP) fell at an annual rate of 0.4 percent. Taking into account the second quarter of Japan’s real GDP also falling, the Japanese economy after recession in 2001 returned to the stage.
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