Pasadena Chamber of Commerce

Not without drama, the Senate and House finally passed President Obama’s stimulus package, after compromising on some expenditures to win the three moderate Republican votes necessary for passage. As the LA Times reported: Obama calls stimulus ‘a major milestone’ “I will sign this legislation into law shortly,” the president says in his radio address. By [...]

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From London Times columnist Anatole Kaletsky, some words of wisdom. What’s the old saw? Those who don’t know history… From The Times February 9, 2009 Now is the time for a revolution in economic thought Anatole Kaletsky: Economic View In my column last Thursday, I explained how academic economics has been discredited by recent events. [...]

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The House and Senate have to agree on a stimulus plan to send to the President. AND, he has to like it enough to sign it. Not necessarily a simple task. Division Over the Competing Stimulus Bills Ruth Fremson/The New York Times Senator Susan Collins, Republican of Maine, spent much of Friday shuttling between meetings [...]

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Why would I want my insurance company to invest in “toxic” assets? Why would anyone want to invest in the instruments that caused our recession? The New York Times reports that administration financial insiders are expecting private investment to support the bailout plan. U.S. Bank Bailout to Rely in Part on Private Money By FLOYD [...]

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If his fragile coalition of Democrats and a handful of Republicans holds together. Reports are that aid to education and states is being trimmed to reduce the magnitude of the package. From the LA Times. Obama enters decisive week on economy Under pressure to win passage of a stimulus bill by week’s end, Obama plans [...]

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The world is constantly changing as technology reaches every aspect of our lives. Rebooting your relationship: Valentines go digital 4:10 PM, February 6, 2009 Candy is one way to express how sweet (and crunchy) romance can be. (Photo: Charles Krupa / Associated Press) It’s coming, a quiet rumbling that soon will become a clamor. Can [...]

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Open markets are a cornerstone of the new world economy, apparently especially for those who depend on American markets for profitability. From the London Times: President Obama to water down ‘Buy American’ plan after EU trade war threat David Charter, Rory Watson and Philip Webster The European Union warned the US yesterday against plunging the [...]

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From the New York Times: Time to Steer ‘Forceful Course’ for Stimulus By DAVID LEONHARDT Published: February 3, 2009 The most serious charge against the stimulus package is that it does not pack enough punch. Two different camps have been making this argument over the last few weeks. Publicly, the Obama administration hasn’t really answered [...]

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Dark Days for Green Energy By KATE GALBRAITH Published: February 3, 2009 Wind and solar power have been growing at a blistering pace in recent years, and that growth seemed likely to accelerate under the green-minded Obama administration. But because of the credit crisis and the broader economic downturn, the opposite is happening: installation of [...]

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From the New York Times: Time to Steer ‘Forceful Course’ for Stimulus By DAVID LEONHARDT Published: February 3, 2009 The most serious charge against the stimulus package is that it does not pack enough punch. Two different camps have been making this argument over the last few weeks. Publicly, the Obama administration hasn’t really answered [...]

[Read more →]