Daily Wrap Up - Oct 12
More People, More Challenges; Recovery Hurdles; Crediting Obama's Policies
Rising U.S. population makes 2050 climate cut harder
A rising population will make it harder for the United States to make 2050 cuts in greenhouse gas emissions than for Russia and some other rich nations with shrinking populations, a Reuters survey showed. Read Full Article here.
U.S. recession over, unemployment seen at 10 percent: poll
The worst U.S. recession since the Great Depression has ended, but weak household spending as the labor market struggles to create jobs will slow the pace of the economy's recovery, according to a survey released on Monday. Read Full Article here.
Summers: Obama policies averted economic abyss
The Obama administration has helped pull the U.S. economy back from the abyss with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday. Read Full Article here.
CIT debt swap struggles, bankruptcy looms: sources
CIT Group Inc is seeing little interest in its debt exchange offer, and is increasingly likely to file for bankruptcy, sources familiar with the matter said. Read Full Article here.
Google's Q3 set to return to growth, shares strong
Investors are betting on Google Inc's third-quarter results this week to show a recovery in revenue growth, pushing shares of the leading Web search engine to a 12-month high on Monday. Read Full Article here.
Arthur Levinson quits Google board, appeasing FTC
Google Inc said on Monday that Arthur Levinson has resigned from its board in a move that appears to defuse regulatory scrutiny into the ties between the boards of Google and Apple Inc. Read Full Article here.
Climate negotiators don't meet leaders' pledges: U.N.
Negotiators at global climate change talks are not delivering on promises by their leaders to clinch a deal at a key meeting in Copenhagen in December, a top U.N. environmental official said on Monday. Read Full Article here.
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