“Obama to push vision of economic future at Business Roundtable meeting ... - Washington Examiner” plus 3 more |
- Obama to push vision of economic future at Business Roundtable meeting ... - Washington Examiner
- Obama to appeal to business chiefs on job creation - YAHOO!
- Court: Business HQ is where executives are - Cincinnati.com
- NABE report: Economic recovery will continue - Sacramento Business Journal
| Obama to push vision of economic future at Business Roundtable meeting ... - Washington Examiner Posted: 24 Feb 2010 08:54 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. WASHINGTON — President Barack Obama speaks to business leaders Wednesday about his vision for a more competitive America in the world marketplace. The president will address the Business Roundtable at a Washington hotel. The White House says he'll talk about the need for hiring incentives for small and large businesses to continue the recovery. He'll also stress the necessity of putting partisan differences aside. Later, Obama will take part in a ceremony for foreign ambassadors in the Oval Office. Then he and Vice President Joe Biden will sit down with Commerce Secretary Gary Locke.
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| Obama to appeal to business chiefs on job creation - YAHOO! Posted: 24 Feb 2010 08:54 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. WASHINGTON (Reuters) – President Barack Obama will appeal to U.S. business leaders on Wednesday to back his push to create jobs as he defends his agenda against conservative critics seeking to paint him as a big spender. Obama will make his pitch to the Business Roundtable, a grouping of top chief executives, amid unease in the business community about his economic and budget policies and his legislative drive for healthcare and financial regulatory reform. Seeking to overcome skepticism, Obama will try to balance his message between boosting the still-fragile economy and instilling fiscal discipline, according to advance excerpts of a speech to be given at 1 p.m. (1800 GMT) in Washington. But aides say Obama, who has alarmed business leaders with populist-tinged denunciations of big executive bonuses, will also reiterate his determination to tighten tax rules to prevent firms from benefiting from exporting jobs overseas. "We need to build an economy where we borrow less and produce more," Obama will say. "We need an economy where we generate more jobs here at home and send more products overseas." The president's agenda got a boost early on Wednesday from the U.S. Senate, which in a relatively bipartisan vote approved a $15 billion package of tax breaks and highway spending that aims to bring down the country's stubbornly high unemployment rate. The bill now goes to the House of Representatives, which could approve the measure quickly for Obama to sign into law. Obama and his fellow Democrats are determined to bring down the 9.7 percent U.S. unemployment rate before congressional elections in November. They also face a potential voter backlash over the hundreds of billions of dollars in spending and tax cuts they approved last year to blunt the impact of the worst recession in 70 years. Republicans seeking to wrest control of Congress from the Democrats have tried to score points by accusing Obama of overspending to expand the reach of government. The Democrats' recent loss of their Senate "supermajority" has stalled Obama's healthcare and financial regulatory efforts for now. HEALTHCARE SUMMIT LOOMS Obama's speech will come one day before he hosts a bipartisan healthcare summit in his uphill battle to break an impasse over a sweeping overhaul of the troubled $2.5 trillion industry. Republicans charge that Obama is trying to socialize the healthcare system, something he strongly denies. Pushing his agenda, Obama will seek to remind business leaders -- as he often does in his speeches -- of the daunting challenges he faces in overcoming the economic mess inherited from his Republican predecessor, George W. Bush. "I think all of us know that we cannot meet them by returning to the pre-crisis status quo -- an economy too dependent on a housing bubble, consumer debt, financial speculation and growing deficits," he will say. He will also call for an end to ideological rancor, insisting on the need to stop "hurling accusations about big government liberals or mean-spirited conservatives" and to move past "crippling divides between left and right, business and labor." "It's not about being anti-business or pro-government. It's about being pro-growth and pro-jobs," Obama will say. Obama's speech will follow a private dinner on Tuesday -- the latest in his outreach to the business sector -- with more than a dozen corporate chiefs from the Business Roundtable. They included Jamie Dimon of JPMorgan Chase, Kenneth Chenault of American Express, Randall Stephenson of AT&T, Jim McNerney of Boeing, Ivan Seidenberg of Verizon Communications, David Cote of Honeywell, Antonio Perez of Kodak, Michael Duke of Wal-Mart, Ursula Burns of Xerox and Indra Nooyi of PepsiCo, a White House official said. (Editing by Philip Barbara) Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Court: Business HQ is where executives are - Cincinnati.com Posted: 23 Feb 2010 11:11 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. WASHINGTON - The Supreme Court ruled Tuesday that a corporation's principal place of business is where the company's executives work, not where the company's products are sold. The unanimous ruling by the high court likely will make it harder to sue out-of-state corporations in state courts, which are considered friendlier to class-action lawsuits than are federal courts. Hertz Corp. was sued in California state court by employees there seeking unpaid overtime and vacation wages. But the company, which keeps its headquarters in New Jersey, wanted the trial moved to federal court since the plaintiff and defendant would be from two different states. A federal judge sent the case back to state court, saying that because most of Hertz's business was done in California, that was the company's principal place of business, and the class-action lawsuit should be heard there. The 9th U.S. Circuit Court of Appeals in San Francisco agreed. The Supreme Court overturned that decision, sending the case back to federal court. "We conclude that the phrase 'principal place of business' refers to the place where the corporation's high level officers direct, control and coordinate the corporation's activities," Justice Stephen Breyer wrote. "Lower federal courts have often metaphorically called that place the corporation's 'nerve center.' We believe that the 'nerve center' will typically be found at a corporation's headquarters." Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| NABE report: Economic recovery will continue - Sacramento Business Journal Posted: 22 Feb 2010 09:32 AM PST Message from fivefilters.org: If you can, please donate to the full-text RSS service so we can continue developing it. The economy should expand at an annualized rate of 3.1 percent in 2010 — and likely at the same pace in 2011, according to a closely watched group of economists. A slightly better housing market and a boom in business spending, which fueled economic growth in the fourth quarter, should help the economic recovery during the next two years, according to the National Association for Business Economics in Washington, D.C. Home prices should increase a modest 1.6 percent this year and 2.6 percent in 2011. "We see a healthy expansion under way, although it will take time to reduce economic slack and repair damaged balance sheets," said NABE president Lynn Reaser, chief economist at Point Loma Nazarene University. However, there are a few concerns for the 48-member panel, including a decline in government spending — especially with economic stimulus funds shrinking — and a 9.6 percent jobless rate nationwide by the fourth quarter, which means only limited job growth. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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