On Monday, President Bush urged Congress to move quickly and to resist the temptation to add provisions to the $700 billion bailout bill he has requested saying that such additions "would undermine the effectiveness of the plan.”

On Monday SanDisk announced a new physical music format, called slotMusic, in concert with the four major music labels: EMI Music, SONY BMG, Universal Music Group, and Warner Music Group. The new format is essentially an entire album on a MicroSD compact memory card and, according to the format's official site, retailers such as Wal-Mart and Best Buy are already lined up to stock the cards for the coming holiday season.

Europe will reach the U.S. levels of per capita income unless we strangle our economy with more regulation and taxes.

Companies are willing to pay higher wages in order to ensure that workers remain committed and contribute their best efforts to maximize productivity levels, according to a study in the International Journal of Economic Theory published by Wiley-Blackwell. An increase in unemployment insurance, while implying higher wages, is nevertheless beneficial to long term economic activity.

Mortgage rates were just about the only report this week that were not disappointing to the US economy.

A national survey has found many Australian companies are putting their hiring on hold because of growing uncertainty about the economy.

Concerned about their country’s unprecedented high growth performance, the Chinese Government has declared reducing economic overheating and curbing inflation as its top priorities for 2008.

Multinational firms are increasingly locating their innovation activities in China and India. But what are the challenges and opportunities of managing research and development centres in these countries? More importantly, how will these trends impact on the long term competitiveness of the economies of Western European countries and North America?

Governor Arnold Schwarzenegger says California's financial problems call for fiscal discipline and cross-party cooperation. Mike O'Sullivan reports, the governor says the state's economy is sound, in spite of its problems.

Pushing for reforms, the Economic Survey said inflationary impact of foreign funds flow, a slowdown in the US, an appreciating rupee and sluggish infrastructure sector were major challenges before economy.

There is no strong empirical evidence that inflation in China has a significant impact on inflation in the US and Japan. According to a study in China and World Economy published by Wiley-Blackwell, the recent rise in Chinese prices is unlikely to affect Japan or the US. Conversely, there is evidence that the inflation in the US has had some impact on Chinese inflation.

The House has passed an economic stimulus package that would give rebate checks to taxpayers; bill's Senate prospects uncertain.