United States Treasury Secretary John Snow suddenly replaced by Chairman of Goldman Sachs class

According to the associated press 29, news, United States Treasury Secretary John Snow 30, President Bush announced his resignation, Goldman Sachs Chairman Henry will appoint • Paulson took over from its location.

Local time 30, United States President George w. Bush at the White House rose garden, officially announced this news. Bush said in a statement: "Paulson life in dealing with business, experience, he will be our economic leadership team, our economic policies best explains. ”

Bush noted that Paulson's priority is "to maintain economic growth and low taxation environment", and in cooperation with the Congress on overhead. Bush also praised the snow in the Ministry of Finance's extraordinary leadership.

Stephanie 66-year-old snow in February 2003, received the Minister of Finance's "seal". Prior to this, there is rumor that the capacity of the snow was a lot of questioning of members of the Republican party, the White House hopes to have a bit in the Bush economic policy more men to hold this position.

Earlier this year, Bush's newly appointed Joshua Bolten as White House • chef, analysts at the time that Paulson is expected to replace snow because Bolten worked at Goldman Sachs worked together with Paulson.

Paulson at Goldman Sachs acted as Chairman of the Board is more than 8 years, the company is Wall Street's major financial companies, has a number of United States Government executives ranked. Paulson or a multimillionaires, Goldman Sachs in 2004 to pay remuneration in respect of the total $ 30 million.

Related article: Forbes: snow because of China's resignation

U.S. 113 civil research suggestions accepted by the Government of China.

<P> According to finance. News, U.S. Foreign Relations Committee that the need to rationalize the economic relationship the United States and their domestic reforms and bilateral initiatives </ P> <P> "the U.S. should be full of confidence, positive attitude to accept China. ."The U.S. Council on Foreign Relations (Council on Foreign Relations) 4 月 10 issue of a policy research report on China that the bilateral relations between the United States is essential, and the 21st century international security landscape play a decisive role. .</ P> <P> report entitled "US-China relations: an active road schedule and responsible" (US-China Relations: An Affirmative Agenda, A Responsible Course) report, more than 30 experienced by a .special working group consisting of the preparation, the size of 113. .</ P> <P> leading the project to the former U.S. Pacific commander Admiral Dennis Blair (Dennis Blair) and former U.S. Trade Representative Carla Hills (Carla Hills). .Many members of the Working for America's China experts and former government officials, such as Johns Hopkins University, a China expert David Lampton (David Lampton). .</ P> <P> report suggestions the U.S. government, although the uncertain future of China, (United States) is the best way to respond to further integrate China into the global family, which helped the Chinese in the security, trade, .the interests of financial and human rights in line with international norms and behavior, and to the two countries can work together to meet common challenges. .</ P> <P> report on Sino-US relations when asked about the positioning of the former Deputy Secretary of State Robert Zoellick said it is "responsible stakeholder" in the replica, the Foreign Relations Committee and vice chairman of this report .One project leader Hills (Carla Hills) said, "This is not only consistent with the view Zoellick, President Nixon visited China, and also 35 years, the U.S. government has long pursued a policy of engagement with China is consistent." </ P .> <P> She further said that the only contact is not enough, the U.S. government should be differences of opinion in the case of domestic reconstruction of the parties to the consensus for the US-China relations, and guide the education, the Americans can compete on the global economic arena. .</ P> <P> in economic relations, the report that China-US economic relations need to straighten out the United States and their domestic reforms and bilateral initiatives. .The United States needs to reduce the deficit, increase savings rates and investment in technological innovation, the domestic economy into a benign orbit. .The report also said that China failed to fully protect U.S. intellectual property rights, and China should let the yuan exchange rate to float according to market forces. .</ P> <P> the same time, the Working Group also proposed tariff as a threat to the U.S., to pressure China to revalue its currency is wrong, and may result in adverse consequences. .</ P> <P> on security issues, the report that the United States should be combined with "Balance of Power" and "coordinating power" strategy, in continuing military modernization, China's neighboring countries to strengthen security partnership at the same time, push with China .military dialogue, transparency and cooperation. .</ P> <P> Foreign Relations Committee, is one of the famous American think tank, founded in 1921, is a confrontational, non-governmental, non-partisan membership organization. .Its members bring together all sectors of the U.S. the VLSI elite, the U.S. Congress and the White House on foreign policy has a broad impact. .</ P>.

Suppress bad news in New York surpassed 1% decline in the three major stock indexes.

<P>: Http://finance. Hearing, by the weak U.S. manufacturing data and international oil prices break through 100 U.S. dollars a barrel mark on the news, 2 on the New York stock market fell sharply, the three major stock indexes all fell more than 1%, of which the Dow Jones .index fell 220.86 points to close at 13,043.96 points, down 1.67%. .</ P> <P> 2 Institute for Supply Management released the December 2007 index of U.S. manufacturing is lower than market expectations, investors worried that the U.S. economy will further slow down faster, the market expected the Federal Reserve may therefore .further decline in interest rates. .</ P>.

Robust in much of the first super faltering Hillary Obama.

<P> Associated Press released a 25th national opinion poll, Democratic presidential candidate Barack Obama received 46% of the vote, Hillary Clinton ahead by 3 percentage points, this is Barack Obama .the first time, leading Clinton in national polls. .In the primaries, which won 11 games after the victory, relying on the white male, middle class and liberal groups such as the obvious advantage of voters, the heady catch Obama in national polls, Clinton faltering .to attack the party presidential nomination. .</ P> <P> Hillary ticket bunker was not guaranteed </ P> <P> It http://finance. News, the Associated Press released a national poll two weeks ago showed Clinton leading Obama .Ma 5 percentage points. .But that poll, Obama has won primaries victory in 11 games, some originally supported Hillary Clinton's "superdelegates" have switched to the Obama camp. .</ P> <P> 25 to the latest Associated Press national poll showed that white men and liberals in the two groups of voters, Obama received support for Hillary leading 23%, respectively, and 17 .%. .Two weeks ago in the national polls, Obama and Hillary split this part of the "ticket bunker." .The national mid-January poll, Hillary voters in all men's support for Barack Obama leading by 7 percentage points. .</ P> <P> The latest national polls show Obama voter groups in the college students out of support for Hillary Clinton 20%. .But a month ago, two in support for this group is also comparable. .In addition, Obama at the annual income of 50,000 to 100,000 U.S. dollars is also a substantial group of voters ahead Hillary, Hillary two weeks ago in support of the voters rate the group Obama 13%. .</ P> <P> scheduled for November's presidential election, respondents were more optimistic about Obama for the Democratic Party against Republican presidential candidate John McCain favorite. .New national polls show Obama and McCain vs. Clinton twice higher than the leading edge. .</ P> <P> 1011 the United States and the Democratic supporters of Democratic registered voters received the survey. .Democrats believe that the majority of respondents, "superdelegates" should support the campaign in the primaries who dominated. .The Associated Press said that in terms of the current situation, this election should be Obama. .</ P> <P> Obama Ohio chase </ P> <P> Meanwhile, the U.S. 奎尼皮亚克 University released a poll showed that support for Clinton in Ohio is still leading .Obama, the leading margin is shrinking. .</ P> <P> Ohio and Texas are scheduled to be held March 4 Democratic primaries. .Hillary's husband, former U.S. President Bill Clinton said earlier that Clinton only won Ohio and Texas, and we may get the party nomination. .</ P> <P> poll, Hillary Clinton and Barack Obama in Ohio points were 51% and 40% of the vote. .Hillary leading 11% to 21% margin than two weeks ago, was shrinking. .</ P> <P> 奎尼皮亚克 University, Peter Brown, assistant dean of investigation, said: "Hillary Clinton leading in Ohio remains substantial, but the trend of shrinking lead is worth worried about her because her husband Bill Clinton have .said she must win Ohio. "</ P> <P> Brown said:" If Hillary to stop Obama's momentum in Ohio, we must continue in the core 'ticket bunker' in substantially ahead of the competition, which .groups, including women voters, older voters, income levels and low education levels of voters. "</ P> <P> University of Cincinnati published the same day, another poll, Clinton received 48% in Ohio .support rate, Obama 8 points ahead. .</ P> <P> news </ P> <P> Hing also the U.S. presidential election, "photo door" </ P> <P> when the United States within the Democratic Party's presidential candidate when the battle is heating up, Barack Obama 2006 .on a visit to Kenya wearing local traditional Muslim dress a photograph on the internet. .Before this, there is about Obama and Muslim "source" deep in the rumor, people suspected that Hillary Clinton Barack Obama in the use of this photo to discredit a war of words between the Democratic campaign started two. .</ P> <P> small site photo controversy </ P> <P> in the photo, Obama wearing a white turban, wearing a white Muslim robes. .It is reported that the Muslim style of dress is this Obama visit to Kenya in 2006 when the northeastern Wajir local elders gave him a gift. .</ P> <P> this picture on February 25 was published in the spread of gossip like personal news site "Drudge Report" on. .The site said the picture was taken by "Clinton campaign members" offer is a Clinton campaign aide sent to us by e-mail. .But the site did not disclose the name of the campaign aide, also did not provide evidence of receiving e-mail. .</ P> <P> photo was made public, Obama visit to Kenya was accompanied by retired Air Force Gen. Scott Gray, apply by telephone to the media that when Obama visited Kenya in order to understand the situation of the local tribes. ."During the visit, Obama received a set of clothes as a gift. As a guest, Obama accepted the gift and the request of the owner try a bit," Gray Shen Yue, "things are often similar .place in us. "</ P> <P> Obama camp Rage </ P> <P> for the" photo "incident, the Obama interview in Texas, declared that voters for the" see .kinds of ugly political phenomenon will be sorry. " .He explained: "We all know that, whether it is me, Senator Hillary Clinton, or Bill Clinton (former president) in visits to other countries when the local traditional clothing may be sent to you as a gift, and ask you to .try it. "</ P> <P> Obama charged that Clinton's campaign tried to use this picture as a tool to discredit him, but also on the same day Clinton gave a speech talking about how to improve relations with other countries .relationship, which "make people feel sad." .</ P> <P> responsible 戴维普劳菲 Obama campaign condemned the Clinton campaign is "to take all political parties since the elections the candidate with the most shameful, most offensive trick." .</ P> <P> Clinton camp calm </ P> <P> for the "Drudge Report" Web site of the allegations, Clinton's spokesman Howard Wolfson told reporters by telephone: "I want to explain .point, we do not know it, there is no approval for such acts. We know nothing about, have not seen the so-called e-mail. If any person take the initiative to report on their own with this thing, I will this .welcomed. "</ P> <P> Clinton himself told ABC interview statement:" I do not know anything about ... ... but I want to ask about, 'Why are people concerned about this?' " .As for the Obama camp's violent reaction, Clinton campaign head Maggie Williams was back. .She said the Obama camp's response intended to expand the incident and scattered voter attention. ."Enough!" She said in a statement: "If the Obama camp that Obama wearing a traditional dress in Kenya does not and will cause the photos, they should be ashamed for this idea. Clinton visit other .countries, also wearing traditional local costumes, and will widely publicize these photos. "The statement also said:" This is nothing but a trick was to try to focus voters on national issues to distract from, they have been trying to create .condemn not, and. "</ P> <P> Obama's" background "</ P> <P> religious issues in recent years in the United States plays an important role in the election, and Obama's Muslim background is often father .by its opponents as an excuse to attack him. .</ P> <P> last December, two Clinton campaign volunteer who forwarded an e-mail, saying that Obama is a Muslim and said he might want to destroy the United States. .The two men later resigned. .But according to reports, in fact, Obama has never been a Muslim, but Christians, is a member of Trinity United Church of Christ. .Nevertheless, about his remarks and the Muslims You Guage been circulated on the Internet. .</ P> <P> Obama was born in Hawaii, his late father was a black student from Kenya, but also a Muslim and his mother is white. .Parents divorced when he was two years, after which he saw his father only once, compared to a black man, a brave mother and grandmother tutor strict ideal of shaping Obama's character and greater impact. .</ P>.

Fed rate cut may be heavy-handed fuel inflation.

<P> Federal Reserve cut interest rates 0.75 PCT, to relieve financial pressure on the market and the cost of borrowing, but many economists fear that this decision probably will lead to inflation. ."Washington Post" 19, warned that if the Fed's estimate is wrong, may allow the economy to get too much money to invest also ignited on the goods, housing and capital spending excess demand, thereby pushing up prices. .</ P> <P> It http://finance. Hearing, by pushing up prices, it is tantamount to every American, took out his wallet to help rescue the financial industry. .Price increase equivalent to the decline in house prices slowed, but inflation will eat the real value of housing. .</ P> <P> Rogoff of Harvard University economics professor, said the good news is the interest rate cut will remove the pressure on housing prices, the bad news is that when the end of this mess, should be removed from the system of inflation .is very painful. .</ P> <P> commodity market in the 18 is clear that the threat of inflation. .Has been record high corn and copper because it is expected the Fed to cut interest rates and rising oil prices rose in New York more than three U.S. dollars per barrel, to $ 109.42. .Since last Friday, gold beyond 1000 to the $ 1,001 mark, the yen rose against the dollar actually broke 100, inflation as if into the digital age. .</ P> <P> Fed apparently felt, regardless of how much to cut interest rates to inflation costs, the deal is still worth it. .Because the dollar interest rate cuts slack to help boost exports and maintain competitiveness of U.S. companies, but also to obtain support for the economy. .</ P> <P> to Caterpillar's case, the engine manufacturing, construction and mining equipment company, last year's exports to jump by 20%. .Owens, the company's chief executive said last week that many emerging countries such as Brazil, for a substantial increase in demand for machinery and equipment, the company created a handsome profit. .</ P> <P> but in the Cleveland Federal Reserve Bank President Hoskins eyes, in order to boost exports and cut interest rates will undoubtedly harm than good. .Last week he was in the "Forbes" magazine article that the current economic situation compared with the 1970s. .</ P> <P> Hoskins wrote: "In order to maintain economic growth while the Fed since the move failed attempts to give up the one thing it can really control, it is a long-term price increases. To create more .U.S. dollar will not increase the wealth of the United States, or to increase worker productivity. " .</ P> <P> 1971 U.S. President Richard Nixon in order to curb inflation, the implementation of price and wage controls unprecedented action, when the U.S. CPI 4.6%, and with the United States actually is not far off now. .Continue serving as president in 1974, Ford (Gerald Ford), face greater inflation crisis, CPI has soared to 10.9%. .</ P> <P> But other economists said the Fed to stabilize the financial system, may not cut rates. .Economics textbooks have set a record box office said Harvard professor of economics at Comanche, Bear Stearns stock fell from $ 2 per share, $ 100, not a textbook to be taught how to deal with a collapse of investment banks. .Some analysts also said that in order to avoid the expansion of subprime mortgage crisis, the Fed must cut interest rates, because many households in mortgages this year and will face the end of the prime rate, the stage must be re-adjusted interest rate, if you can not help them .to lower interest rates, there will be more people lose their houses. .</ P> <P> Information Service under the loan, but the statistics show that banks cut mortgage interest rates, the pace, the Federal Reserve cut interest rates totally can not keep up the rate. .Last September, that is, when the Fed started to cut interest rates on 30-year fixed-rate mortgage averaged 6.34%, to 5.48% in January this year turned into last week and climbed to 6.13%. .</ P> <P> some analysts fear the situation may be the sign of the Fed's monetary policy failure. ."SmartMoney" writer Donald Luskin reminds investors, gold, oil, commodities prices have reached a new stage, the situation will become more serious inflation. .</ P> <P> Related: Federal Reserve central bankers to cut interest rates so that the first big </ P> <P> the Federal Reserve cut interest rates in China mean? </ P> <P> Keywords: inflation, the Fed loans .monetary policy </ P>.

U.S. election McCain after Obama cicada?.

<P Align=center> </ P> <P> heavy rain to attend meetings of the Hillary votes, she will usher in the primaries today, the toughest battle on the road. .</ P> <P align=center> </ P> <P align=center> winner like Obama. .</ P> <P> 1754 years, a young lieutenant colonel named George Washington, Pennsylvania in the United States started the war against the French colonists first shot. .</ P> <P> now, after the lapse of many years, American political spotlight fade into the horizon again in Pennsylvania: Can Hillary Clinton started her beautiful back here the first shot? .</ P> <P> It http://finance. Hearing today, U.S. election Democratic presidential candidate Hillary Clinton and Barack Obama will be sidelined for six weeks in Pennsylvania again against each other. .Currently more than 10 games only primaries, Pennsylvania, is among the largest states. .As for the rival party votes more than 200 copies behind Hillary, in order to enter the White House to keep the hope of victory in Pennsylvania primary is only one way only. .</ P> <P>.

Bush bonuses 130 million U.S. households and Share.

<P> Week ahead of schedule, began managing the U.S. government tax rebate program. .U.S. President George W. Bush acknowledged on Friday the U.S. economy is weak, I hope the implementation of the economic stimulus plan will help Americans offset the gasoline and the impact of rising food prices, while promoting slow the U.S. economy out of trouble. .</ P> <P> (http://finance.) As a rule, only the time to declare income tax law of 2007 personnel eligible to receive a refund. .U.S. Treasury Department announced on Saturday the domestic tax department, this week the first batch will be sent via e-tax refund, the first batch of tax rebate will be direct deposit by way of bank deposits to bank accounts of Americans. .Direct deposit will begin this Friday. .According to the IRS plan to send rebates to American families will be held May 9 single start one week earlier than previously planned. .All rebate checks will be issued in July 11. .</ P> <P> 2 between U.S. Government has launched a 168 billion U.S. dollars in economic stimulus package, tax rebate is an important content. .Based on individual income tax rebate program to provide a one-time tax rebate, tax rebates up to $ 600 individuals, a couple up to $ 1,200, and each child can receive $ 300, about 130 million U.S. households will benefit. .In addition, small enterprises will be part of the rebate. .</ P> <P> the Bush administration hoped that the implementation of the plan can enhance consumer confidence and promote the increase in consumer spending, thereby stimulating economic growth in the United States. .Bush on Friday said that from Monday, the U.S. government's economic stimulus package emerge from the national family. .He believed that with the progress of tax refund action, Americans will thus gain strength response of food, fuel prices, helping slow the U.S. economy out of the predicament. .</ P> <P> Democratic Party, said he was pleased to see tax rebate program to be implemented, but that the multinational oil companies should not be an economic stimulus plan relief object. .Before the U.S. Congress that, due to rising oil prices, tax rebate checks will eventually be most into the pockets of oil-exporting countries. .Economists believe that implementation of the scheme effectiveness, depending on whether the person will get tax rebates for consumption. .</ P> <P> Bush had previously said in a speech in the hope that tens of thousands of families as soon as possible after receipt of the money used for consumption, to promote U.S. economic growth. .However, some Members have criticized the U.S. Congress, said rising oil prices, the tax rebate checks, most will eventually fall into the pockets of oil-exporting countries. .</ P> <P> According to the latest data show U.S. consumer confidence index in April from 69.5 the previous month fell to 62.6, reflecting the Americans about energy prices and concerns about rising food prices. .And last Friday, Bush's speech on economic stimulus plan seemed to ease the market's downturn, declining consumer confidence and inflation fears, rising again with the U.S. stock market last week end. .</ P>.