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China earmarks another 86.7 bln yuan as drought relief funds
The Ministry of Finance (MOF) on Friday allocated 86.7 billion yuan (about 12.69 billion U.S. dollars) from its reserve to drought-hit areas in relief funds. Of the total, 71.6 billion yuan will be gi...
Big News Network

How would you gauge the federal government`s current involvement in the economy?
B Tolsma wrote: Karen,My question is this: Whenever President Obama does not get his way, or say the congress dawdles, can we expect another hissy fit? After all, as he said, he won, and he won big. Betty,A hissy fit from Karen, or a hissy fit from Obama? I've gotten addicted to Twitter, and someone I'm following has been watching Cspan non-stop and reporting on events. That's made me pay more attention than I otherwise would have to the debating back and forth. Paying attention is a good thing, but I want to jump into the TV and wring everyone's necks on both sides of the aisle!Why do they have to have a HUGE bill with $800J (jillion) dollars all at once. I do not understand--but then I am not a politician--why they can't have any number of smaller bills. If a project stringing new electical wires is ready to go, fund it and cross it off the list. If a housing developer is ready to go installing solar panels on all its new housing, write them a check and move on.We
WSJ.com

Treasury to approve insurers for TARP funds: sources
WASHINGTON (Reuters) - Insurance companies that applied for capital injections from the government's $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said on Saturday.
Reuters

Senate approves restriction on foreign hires
The Senate voted Friday to restrict the hiring of foreign workers by banks that are receiving government bailout funds while undergoing vast layoffs.
Topix

Hedge Fund Focus 07-02-09
Subscribe in a reader Subscribe by Email Hedge Fund Resources Hedge Fund Focus Home Service Providers Tutorials Communities Blogs Papers & Research Introductions & Guides Papers & Research People & Profiles Research Centres Hedge Fund Books: UK Hedge Fund Books: US General News | People and Funds | Launches| Hedge Fund Activism | Crime and Law [Externalrss-FinanceFocus-titles-rssl-6-30] Resources...Visit MoneyScience for the Complete Article.
Money Science

Lost super gobbled up by fees
MANY Australians are letting their retirement nest eggs dwindle because they are paying unnecessary fees on $13 billion of 'lost' superannuation accounts, the peak body for non-profit super funds says.
News

Sid Miller Buys More Than $100,000 In Stocks In AIG, Bank Of America, Other Companies With Campaign Funds (Capitol Annex)
State Rep. Sid Miller (R-Stephenville) spent almost $105,000 from his political campaign account purchasing stocks in publicly traded companies ranging from AIG and Bank of America to ALCOA and Halliburton between November 25 and December 11 of last year. Although investing campaign cash in the stock market isn't specifically authorized by the Texas Election Code, it is not prohibited, either. A...Source : Capitol Annex (subscribe)Explore : American International Group, Bank of America, Conglomerates, Halliburton, Mining
Wikio

Minnesota may tap out its jobless aid funds
A shortfall isn't that unusual for tough times, and a federal loan would keep checks coming.
Startribune.com

Fed unveils terms of $200bn facility
The Federal Reserve reveals financing terms for a $200bn lending facility that is expected to entice hedge funds to buy securities backed by auto loans and credit cards.
FT

Broadband task force drops plan to get stimulus funds
A list of projects is poised to begin, but Gov. Tim Pawlenty's panel decided there may not be enough discretion on how money is spent.
Startribune.com

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