CHICAGO (Reuters) – Haley Barbour, a conservative Republican weighing a 2012 White House run, condemned President Barack Obama on Monday for failed leadership and big-spending policies that he said were stifling economic recovery.
On a visit to Obama’s hometown of Chicago, the two-term Mississippi governor and former Republican Party chairman said out-of-control spending and exploding deficits under Obama had smothered U.S. job and economic growth.
CHICAGO, Jan 21 (Reuters) – Chinese President Hu Jintao took
his political roadshow to the U.S. heartland on Friday, visiting
Chicago to highlight business and cultural ties between the
world’s two largest economies.
Leaving behind the rancour of Washington where he was
pressed on human rights and currency policy, Hu was feted by the
Chicago elite at a gala dinner in U.S. President Barack Obama’s
hometown. He was to wrap up his four-day U.S. state visit with
stops at a local school and a business exhibition.
DETROIT (Reuters) – With U.S. gasoline prices poised to revisit the $4-plus per gallon peak hit in 2008 just before the recession, sales of new smaller cars introduced since then would seem assured.
But as analysts and executives said at the Detroit auto show this week, the only sure thing is that today’s forecasts are wrong — it is anyone’s guess by how much.
DETROIT (Reuters) – The American auto industry will change more in the next dozen years than it has during the past 50, said the U.S. Treasury official charged with overseeing the government’s investment in the auto industry.
In 12 years, vehicles will be more fuel efficient and be far more computerized, Ron Bloom said on Tuesday in prepared remarks to the Automotive News World Congress.
SAGINAW, Michigan (Reuters) – Not long ago, if you wanted steak for lunch at the Texan Restaurant, less than two minutes drive from the Nexteer Automotive assembly plant, you had to be in the door by 11 o’clock in the morning. If you arrived any later, you joined a long line with other laggards and waited for a table to open up.
With noon fast approaching on a recent day, however, only a handful of customers sat in one of the restaurant’s two sections and the other was closed.
DETROIT (Reuters) – As U.S. auto sales plunged to their lowest level in 27 years in 2009, suppliers racked up debt and cut costs to weather the storm.
But the bad news for many of the 5,000 or so U.S. auto parts suppliers is that worse is yet to come.
CHICAGO (Reuters) – America’s housing mess came to the western part of Humboldt Park long before it hit wealthier neighborhoods, but like much of the country the crisis is apparently going nowhere.
“Everything is on hold here,” said John Groene, director of the neighborhood’s branch of nonprofit lender Neighborhood Housing Services of Chicago (NHS), on a tour of this predominantly black and Hispanic area. “And there’s no end in sight.”
CHICAGO, Nov 11 (Reuters) – America’s housing mess came to
the western part of Humboldt Park long before it hit wealthier
neighborhoods, but like much of the country the crisis is
apparently going nowhere.
“Everything is on hold here,” said John Groene, director of
the neighborhood’s branch of nonprofit lender Neighborhood
Housing Services of Chicago (NHS), on a tour of this
predominantly black and Hispanic area. “And there’s no end in
FOREST CITY, Iowa (Reuters) – Deep in America’s heartland, this small town is a world away from the heat of Iraq and the mountains of Afghanistan.
But it is here in Forest City and communities across the country that families like the Jordals will battle the legacy of both conflicts for decades to come.
CHICAGO (Reuters) – Olympic champion Sammy Wanjiru surged past his rivals in the closing stages to win his second successive Chicago marathon Sunday, while organizers warned runners to pace themselves as temperatures soared in the Windy City.
With the mercury hitting the mid 70s (Fahrenheit), Wanjiru won the men’s race in two hours six minutes 23 seconds, nearly a minute slower than the course record of 2:05:41 he set last year amid cooler running conditions.