Poll finds nagging economy belief but steady Obama support
Americans view the economy more negatively with 86 percent calling it poor, up from 80 percent, and 49 percent say it worsened in the last month. Yet 47 percent still back Obama for re election while 51 percent blame Bush. Mary Parish of Troy, Tennessee, weighs in.
MENTIONED IN THIS ARTICLE
Washington
Barack Obama
Associated Press-Gfk
Obama
White House
George W. Bush
Bush
Mary Parish
Troy, Tenn
China widens military edge with stealth fighter carrier and space launches
The Pentagon reports rapid Chinese military modernization aimed at a regional balance shift by 2020. It notes a new J-20 stealth fighter, refurbished carrier trials with operations planned next year, and a record 15 space launches in 2010. Beijing aims to deter US and allied intervention around Taiwan while expanding in the western Pacific.
MENTIONED IN THIS ARTICLE
Washington
China
Pentagon
Beijing
U.S
Taiwan
Western
Pacific
Michael Schiffer
East Asia
America
Taiwan Strait
Schiffer
Gates
Foreclosures Dominate Spring Home Sales Share Drops
RealtyTrac data show foreclosures made up about one third of spring home sales in the United States with 30 percent in the April-June quarter. Bank delays due to investigations into paperwork have held back foreclosures, while overall sales decline versus a year ago.
MENTIONED IN THIS ARTICLE
Washington
RealtyTrac Inc
Sures
RealtyTrac
Low rates may hold back economy and savers hurt
After near zero rates for years, economists warn ultra low borrowing costs fail to spur growth. retirees and savers face reduced income as consumer spending, a major driver of the economy, remains stagnant. Fed policy kept rates down to combat recession, but critics say it harms savers, with quotes from William Ford criticizing the approach.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
Fed
William Ford
Federal Reserve Bank of Atlanta
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CCS
AL Credit Ine
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South Midland
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South Odessa
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