04 Jun '11, 12pm

Money - Obama: Japan, Europe and fuel pose economic risks: WASHINGTON - PRESIDENT Barack Obama is pointing to p...

Obama is pointing to problems in Japan and Europe as challenges for the US economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down. -- PHOTO: AP WASHINGTON - PRESIDENT Barack Obama is pointing to problems in Japan and Europe as challenges for the US economy, placing some blame on events abroad for a domestic recovery that is showing signs of slowing down. Government data released on Friday showed employers in May hired the fewest number of workers in eight months and US unemployment rose to 9.1 per cent, up from 9.0 per cent in April. That bump is a political challenge for the president, whose re-election in 2012 may depend on his ability to convince voters that his economic policies have been successful. Part of his pitch will include steering attention to outside forces as causes for economic woes at home. The president ...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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