{"id":9756,"date":"2009-01-29T00:00:00","date_gmt":"2009-01-29T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"obama-plan-clears-first-hurdle-asian-markets-cheer","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/obama-plan-clears-first-hurdle-asian-markets-cheer.html","title":{"rendered":"Obama plan clears first hurdle, Asian markets cheer"},"content":{"rendered":"<p>Reuters &#8211; <span class=\"yshortcuts\">U.S. President Barack Obama<\/span>&#8216;s $825 billion stimulus plan cleared its first Congressional hurdle as the <span class=\"yshortcuts\">Federal Reserve<\/span> eyed more extreme measures to ease credit market strains, boosting Asian stocks despite deep skepticism that a <span class=\"yshortcuts\">global slowdown<\/span> can be reversed quickly.<\/p>\n<p>Signs of corporate distress were still obvious regardless of the passage of Obama&#8217;s bill through the <span class=\"yshortcuts\">House of Representatives<\/span>, the first big legislative success of his new presidency.<\/p>\n<p><span class=\"yshortcuts\">Sony Corp<\/span> followed fellow Japanese electronics maker Canon Inc with a dismal quarterly profit report on Thursday as the fallout grows from a <span class=\"yshortcuts\">global crisis<\/span> which has already cost trillions of dollars and threatens millions of jobs.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20090129\/bs_nm\/us_financial\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; U.S. President Barack Obama&#8216;s $825 billion stimulus plan cleared its first Congressional hurdle as the Federal Reserve eyed more extreme measures to ease credit market strains, boosting Asian stocks despite deep skepticism that a global slowdown can be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5111,4482,6646,6644,6648,6649,6654,509,6651,6645,6652,6647,6650,6653,4326,6466,483,3566,6655,4924],"class_list":["post-9756","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asian-stocks","tag-barack-obama","tag-canon-inc","tag-congressional-hurdle","tag-corporate-distress","tag-extreme-measures","tag-fallout","tag-federal-reserve","tag-global-crisis","tag-global-slowdown","tag-japanese-electronics","tag-legislative-success","tag-profit-report","tag-quarterly-profit","tag-reuters","tag-skepticism","tag-sony-corp","tag-stimulus-plan","tag-strains","tag-trillions"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9756"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9756\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}