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News Digest – Edition

09 Mar

Posted by admin as General

White House’s Romer: Too soon for spending clamp-down
feeds.reuters.com says: ARLINGTON, Virginia (Reuters) – The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be “pound-foolish” and derail the recovery, a top White House economic adviser said on Tuesday.

News Digest Edition
Aer Lingus to make 670 job cuts
news.bbc.co.uk says: Aer Lingus announces plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of restructuring plans.
Management Education on the Fly
(BusinessWeek)

us.rd.yahoo.com says: BusinessWeek – Who got us into this mess? It’s not just greedy mortgage lenders and irresponsible economists who are responsible for the current financial crisis. Leaders, so called, have played a role too, by not managing their companies and so being detached from what was going on in them. And behind much of this has been an educational process that encouraged such detachment. As I’ve argued at length in my book, Managers not MBAs, the MBA is fine education — but in the functions of business,
Wall St gains with transports, telecoms
feeds.reuters.com says: NEW YORK (Reuters) – U.S. stocks rose on Tuesday, the anniversary of the market lows reached in the recession, as gains in transportation and telecommunications shares signaled the recovery remained intact.

News Digest Edition
Trade gap widens unexpectedly
news.bbc.co.uk says: The UK goods trade deficit with the rest of the world widens in January, causing the pound to dip below $1.50.
Commercial delinquency lower than other mortgages
(AP)

us.rd.yahoo.com says: AP – Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.