China Financial Daily

September 20, 2010

Obama to propose new stimulus

Filed under: Financial News — Tags: — sherry @ 5:35 am -0700

Obama to propose new stimulus
Barack Obama announced a number of successive stimulus measures to reduce taxes and investment in infrastructure and, to the recent recovery has been increasingly weakened the U.S. economy to avoid the reoccurrence of depression, and pick ourselves up and accelerate warming.

In infrastructure, Obama said it planned to invest a total of 500 billion dollars to improve America’s transportation infrastructure, including in the next six years, the construction of 150,000 miles of roads, laying 4,000 miles of railway, reconstruction of 150 miles of the airport runway, and promote the next generation air traffic control system to reduce the travel time of Americans.

In tax breaks, Obama called for extension of middle-class tax breaks, but will not be extended after the expiration of this year for high income groups benefit. He also suggested allowing enterprises from 2010 to 2011, between newly acquired assets, Zhong Zhi Chu fully deducted from income (currently with 50% of the net) in order to encourage enterprises to Kuotaishengchan scale and create more job posts, Yujigaixiang preferential Gong for companies to bring nearly 200 billion U.S. dollars in tax breaks.

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Former U.S. Secretary Colin Powell urged Obama concerned about the employment

Filed under: Financial News — Tags: — sherry @ 5:33 am -0700

Former U.S. Secretary Colin Powell urged Obama concerned about the employment
September 19 reported that former U.S. Secretary of State Colin Powell Sept. 19 at the receiving NBC “Meet the Press” interview, said Obama needs to change some of his work . Most Americans believe that the current American backpack, placed too many stones, so we have been unable to bear.

Powell is a retired army general, served as security adviser to the United States, Joint Chiefs of Staff during the Bush Administration (Joint Chiefs of Staff) Chairman, and President Bush to run the State Department. Powell, 19, said Obama must focus on employment, concern about job creation to reduce the unemployment rate up to 9.6%. Obama should now like health care reform bill passed before, and reform education have done.

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One Foundation charity system into the plight, experts to call for charity law

Filed under: Financial News — Tags: — sherry @ 5:30 am -0700

One Foundation charity system into the plight, experts to call for charity law
In the CCTV program, Jet Li One Foundation will be described as children without identity cards. He said: “This child is at least 3 years still perfectly healthy, and did not happen, but he did not ID. Has been more and more hope that the Chinese public charities were questioned more professional transparency.”

Ministry of Civil Affairs to promote social welfare and charity Former Director of the Division Wang Zhenyao told Post reporter, one funds a better solution is to apply to become an independent public offering Foundation.

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