Financial news here, there and yonder:
- Following yesterday's speech calling out Wall Street [New York Times], President Obama is quoted as saying that the first stimulus package is working [Bloomberg], a second one isn't needed [CNBC via Washington Post] and, according to his treasury secretary, no tax hike on the middle class will be necessary [AP].
- Voices of the recession: Year after collapse, some still struggle [The Miami Herald]
- Lilly's pain could be shared by Indianapolis [The Indianapolis Star]
- Schumer, Gillibrand hail Obama’s action against Chinese tires
A developing international trade dispute over imported tires played out in Western New York Monday as the state’s two senators lauded President Obama’s move to sanction China for “dumping” its subsidized product into U.S. markets. [Buffalo News, of course]
It's also big news in: The Wall Street Journal, The New York Times, The Washington Post, The Detroit News and, of course, The China Daily:
Fan Rende was so angry on Saturday he skipped breakfast, lunch and dinner to work on a petition to United States President Barack Obama in protest at the higher tariff placed on Chinese tire imports.
The chairman of the China Rubber Industry Association was especially incensed as he feels the decision was made based on "bunch of lies".
- ECIDA rankled by audit request
The Erie County Industrial Development Agency and County Comptroller Mark C. Poloncarz are at odds over Poloncarz’s move to audit payment- in-lieu-of-taxes agreements, or PILOTs, approved by the economic development agency.
And -- Hold the presses!! -- another Tim Hortons
-- George Pyle/The Buffalo News