- Warren Buffett: "We are not natively smarter than we were when our country was founded nor do we work harder. But look around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and 1941, America's best days lie ahead."
- Existing home sales rose for the third month in a row in January and they now exceed year ago levels. Sales rose by 2.7% last month to a seasonally adjusted annual rate of 5.36 million homes, which is also up 5.3% from year-ago levels.
- (FT) Northern Rock is poised to launch a range of mortgages offering up to 90 per cent of a property’s value, marking the nationalized bank’s return to riskier lending three years after its collapse and government bail-out.
- US durable goods orders rose 2.7% in January
- US first time claims for unemployment benefits fell 22,000 to 391,000 in the week ending February 19
- (FT) The Republican plan to slash government spending by $61bn in 2011 could reduce US economic growth by 1.5 to 2 percentage points in the second and third quarters of the year, a Goldman Sachs economist has warned.
- (Bloomberg) -- Japan’s public pension fund, the world’s largest, said it may become a net seller of bonds to cover payments in the world’s most rapidly aging society.
- Faced with stiff opposition from Republicans in Congress the EPA will trim costs to control toxic air pollution by 50%. Some half-dozen bills have been introduced this year to block agency regulation.
- A new Reuters report that looked at maternity leave in 190 countries show 178 guarantee paid leave for new mothers, nine have undefined policies and only three - just three - offer "no legal guarantee of paid maternity leave," -- One of those three is the United States.
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