Andy Wong/AP
Revving up: Like the government, retailers are offering discounts and other incentives to try to boost local consumption. Here, visitors checked out a car at Beijing's Auto Trade Expo last month.
2:05 p.m. ET · Beijing hopes stoking domestic consumption can boost its slowing economy. But convincing a nation of savers to spend more during hard times may be a tough sell.
11:30 a.m. ET · He's been critical of monetary policy and has named human rights defenders to key posts.
1:00 p.m. ET · John Atta Mills took the oath of office Wednesday after a closely contested race.
Obama's stimulus plan may strive to prevent layoffs of public-sector workers in states, cities.
He's likely to propose a credit of $500 per person to help stimulate the economy.
The would-be senator from Illinois, named by a tainted governor, vows to fight on.
But defenders of Panetta say he could bring valuable management skills to the job.
Bulgaria, Turkey, Greece, and Macedonia reported a complete cutoff of Russian gas Tuesday. Austria and the Czech Republic also saw a sharp drop.
|
|
Pat Murphy talks with correspondent Nicholas Blanford
|
The view from the Arab world on the Israel-Hamas conflict in Gaza.
Subscribe: iTunes