Obama being dogged by heavy tidings in rapid frequency
Sunday, 8 November 2009
From Fazle Rashid
NEW YORK, Nov 7: Past few days have not been particularly very cheerful for President Barack Hossain Obama. He is being dogged by heavy tidings in rapid frequency. First it was the electoral debacles in New Jersey and Virginia where Republican party made considerable political gains winning the governorship elections. The loss in New Jersey has been a big jolt where the US president personally campaigned for his party's nominee John Corzine.
On Thursday Maj Nidal Malik Hasan, a psychiatrist in the US army facing posting either in Iraq or Afghanistan went on a rampage killing 13 people and wounding many more at Fort Hood Army post in Texas. It was one of the worst mass shootings ever in a military base in the US President Obama cautioned a stunned public against drawing a quick conclusion.
Major Malik Hasan who himself received gun wounds shouted "Allahu Akbar", before going for the rampage, a reputed paper reported. Major Hasan was shot by a police woman is now on a ventilator.
As if these were not unnerving enough. The US president came to know yesterday with the rest of the world that the unemployment rate in the biggest and wealthiest economy, the US, topped more than 10 percent beating 26 years of record. This led many to ask questions about global economy making a turn around. The US officials including treasury secretary
Tim Geithner and Fed Chairman Ben Bernanke counselled restraint and asked people not to be " overwhelmed " by the news of economic recovery. They asked the people not to read too much too soon.
China about whom the US is doing tight rope walking ahead of President Obama's first official visit next week levelled charges of protectionism against America. The US in a bid not to sour the bilateral ties had said no to Dalai Lama's prodding for a White House one to one meeting with President Obama. India has also taken the cue and cancelled the permission given to foreign journalists to visit the disputed territory during Dalai Lama's coming visit.
China has promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6 billion of Chinese steel pipe imports.
About the surging unemployment rate President Obama in a televised address called the unemployment rate a sobering number that underscores the economic challenges ahead. Non-farm payrolls were down 190,0000 taking total of job lost since the recession to 7.3 million. The Job loss was described as brutal by a market watcher. Situation in Europe is slightly better. Federal Reserve said consumer credit declined by "a steeper than expected $14.8 billion" in September fuelling fear that consumer spending may hinder the US recovery with it the global recovery.
NEW YORK, Nov 7: Past few days have not been particularly very cheerful for President Barack Hossain Obama. He is being dogged by heavy tidings in rapid frequency. First it was the electoral debacles in New Jersey and Virginia where Republican party made considerable political gains winning the governorship elections. The loss in New Jersey has been a big jolt where the US president personally campaigned for his party's nominee John Corzine.
On Thursday Maj Nidal Malik Hasan, a psychiatrist in the US army facing posting either in Iraq or Afghanistan went on a rampage killing 13 people and wounding many more at Fort Hood Army post in Texas. It was one of the worst mass shootings ever in a military base in the US President Obama cautioned a stunned public against drawing a quick conclusion.
Major Malik Hasan who himself received gun wounds shouted "Allahu Akbar", before going for the rampage, a reputed paper reported. Major Hasan was shot by a police woman is now on a ventilator.
As if these were not unnerving enough. The US president came to know yesterday with the rest of the world that the unemployment rate in the biggest and wealthiest economy, the US, topped more than 10 percent beating 26 years of record. This led many to ask questions about global economy making a turn around. The US officials including treasury secretary
Tim Geithner and Fed Chairman Ben Bernanke counselled restraint and asked people not to be " overwhelmed " by the news of economic recovery. They asked the people not to read too much too soon.
China about whom the US is doing tight rope walking ahead of President Obama's first official visit next week levelled charges of protectionism against America. The US in a bid not to sour the bilateral ties had said no to Dalai Lama's prodding for a White House one to one meeting with President Obama. India has also taken the cue and cancelled the permission given to foreign journalists to visit the disputed territory during Dalai Lama's coming visit.
China has promised to take measures to protect its domestic industry after the US slapped anti-dumping duties on $2.6 billion of Chinese steel pipe imports.
About the surging unemployment rate President Obama in a televised address called the unemployment rate a sobering number that underscores the economic challenges ahead. Non-farm payrolls were down 190,0000 taking total of job lost since the recession to 7.3 million. The Job loss was described as brutal by a market watcher. Situation in Europe is slightly better. Federal Reserve said consumer credit declined by "a steeper than expected $14.8 billion" in September fuelling fear that consumer spending may hinder the US recovery with it the global recovery.