Obama Could Face Opposition From Fellow Democrats Over Stimulus Plans
It appears that opposition is growing amongst Democratic lawmakers opposing the wide-spread economic measures proposed by President-elect Barack Obama to deal with the deep recession facing the country. With Obama pledging to move quickly once next week’s inauguration is out of the way, he may find members of his own party are amongst the first set of obstacles he will face. More
German Economy Shrinks in 4th Quarter
Rapidly declining export sales pushed Germany’s economy to shrink by nearly 2 percent in the fourth quarter of 2008. More
Nortel Files for Bankruptcy Protection
Nortel Networks Corp – North America’s largest supplier of telephone equipment – filed for bankruptcy protection in the U.S. and Canada earlier today. More
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