Today Times

Obama assails GOP, promotes new jobs program (AP)

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AP - A combative President Barack Obama is promising to put Americans back to work rebuilding roads, railways and runways, and is blaming Republicans for opposing his efforts to stimulate the economy.

Greeting card giant Hallmark heads for 2nd century (AP)

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AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.

Fed should not set limit on economy aid: Kohn (Reuters)

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Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

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Obama unveils new 50-billion-dollar infrastructure plan (AFP)

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AFP - US President Barack Obama unveiled plans Monday to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.

World stocks gain, dollar falls (AFP)

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AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.

Labor secretary: Obama doing good job on economy (AP)

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AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.

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Obama to launch political offensive on economy (AFP)

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AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.

China Inc gets new chairman as state-owned firms' clout grows (Reuters)

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Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.

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Oil hovers above $74 as traders eye US economy (AP)

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AP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.

Obama to propose 100 billion tax credit (AFP)

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AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.