published Monday, February 20th, 2012 at 12:37 am by
david
WASHINGTON: President Barack Obama reassured Americans that his policies will lift the United States out of its recession, using a nationally televised news conference to press for support for his economic programs. Obama sought to shift the attention of the nation Tuesday away from the outrage over massive bonuses paid to executives of bailed-out insurance giant American International Group. Instead, he looked to cast the spotlight on a series of plans he has offered to revive the US economy. His latest efforts were announced this week. On Monday, his administration released details of a plan to thaw the nation's credit freeze by buying up toxic assets clogging banks' balance sheets. And earlier Tuesday, top economic officials pushed Congress for new powers to regulate nonbank financial companies like AIG. In his opening remarks, Obama said jobs have been saved because of the 7 billion economic stimulus measure that Congress passed, and the United States is "beginning to see signs of increased sales and stabilized housing prices for the first time in a long time." At the same time, he said full-fledged recovery is months away, adding, "it will take patience." He also said his administration was taking steps to make sure banks have money to lend "even if the economy gets worse." Obama remains widely popular, but his administration has endured some rocky weeks. The outrage over the AIG bonuses has kept the administration on the defensive. Republicans have denounced what …
Video Rating: 4 / 5
Naeem ul Haque: Thirty five years experience in banking, finance, corporate sector and law in Pakistan, London and New York. Fully conversant with the investment banking, capital markets and corporate environment in Pakistan, UK and USA. . Fully conversant with local industry issues and environment. Extensive contacts at the highest level in the corporate sector, government and financial institutions. EDUCATIONAL QUALIFICATIONS MA (English Literature) University of Karachi. (1970) LL.B. from Sindh Muslim Law College Karachi. (1971) Certificate in Advanced Banking, American Institute of Bankers, New York. (1977) WORK EXPERIENCE 2005-2006 Advisor/ Managing Director, Aero Asia Airlines. Advised the Tabani family on financial restructuring of the troubled airline and organized the takeover of the airline by the Regal Group of UK . Managed the airline for five months. 2002-2005 Advisor , host of a daily business program on Indus TV. The program analysed the performance of the stock market and corporate sector and interviewed corporate and business leaders 1995- 2001 Self employed Financial Consultant based in London. Advised clients in UK and USA on corporate finance , IPO's and acquisitions. 1993-1995 Chairman & CEO Metropolitan Steel Corp., Karachi, a privatized unit listed on Karachi Stock Exchange. Led a Management buy out of the company. 1990-1993 Group Finance Director (CFO) Schon Group, Karachi. During this period spearheaded the groups efforts to develop a corporate …
Video Rating: 5 / 5
