Obama: Important to lay foundations for long-term growth -- AP
First Published Saturday, 11 July 2009 from Need to Know News
US President Barack Obama said it was important to lay the foundations for long-term economic growth, while dealing with the current short-term crisis.
In an interview with The Associated Press published nine hours ago, Obama said health care and clean energy reforms could provide the next growth engines.
"We've got to figure out what the next growth engine is beyond credit card debt and home equity loans and derivatives on Wall Street," Obama said.
"And that's the reason why we've emphasized reforming our health care system, which has been a drag on our overall economy, and why clean energy is so important, because if we're weatherizing every building and home in America, if we are creating windmills and solar panels and biofuel facilities, that is a huge promising area, not only for jobs here in the United States but also for export growth, and we've got to lift up our exports," he said.
Click here to read the full transcript.
- Progress and SRL to provide one stop solution
Dr Giles Nelson, Chief Technology Strategist, Progress Software: “In the past, brokers and hedge funds have had little choice but to build this complex technology themselves, which can cost millions and take up to a year to implement." Progress Software Corporation has announced that it has joined forces with Statistical Research Laboratory to deliver plug-and-play solutions to financial trading desks, with the intention of providing a complete trading technology solution for brokers and hedge funds.
The SRL solution will be powered by the Progress Apama Complex Event Processing (CEP) Platform. It will offer two components; ‘Broker in a box’ technology, providing brokers with outsourced algorithmic trading and internalization capabilities across multiple asset classes and ‘Hedge fund in a box’ capabilities, offering hedge funds the technology platform to trade complex, high frequency trading strategies as well as to manage and monitor P&L, risk and back offic...continued
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