U.S. to resume medevac flights from Haiti

PORT-AU-PRINCE (Reuters) – The U.S. military will resume evacuation flights to the United States for critically injured Haitian earthquake victims within the next 12 hours, the White House said on Sunday.

DP World mulls $884 million IPO of Australian unit

SYDNEY (Reuters) – Port operator DP World, part of Dubai World conglomerate, is considering a A$1 billion ($884 million) initial public offering (IPO) by spinning off some of its Australian assets, a media report said on Monday.

Davos Forum Ends With No Consensus On How To Improve The Economy Or Prevent Another Crisis

DAVOS, Switzerland — The world’s foremost gathering of business and government leaders wrapped up a five-day meeting Sunday with widespread agreement that a fragile recovery is under way but no consensus on what’s going to spur job growth and prevent another global economic meltdown.

In a group of big egos and many power players attending the annual World Economic Forum, there was even some humility and a realization that overcoming the first global financial crisis is uncharted territory.

Read more: Davos, Davos Economic Forum, Financial Crisis, Job Growth, Business News

TARP Watchdog Neil Barofsky: Government Bailout Has Increased Risk Of Economic Crisis

WASHINGTON — The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.

The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.

Read more: Financial Crisis, Tarp, Neil Barofsky, Troubled Asset Relief Program, Economic Crisis, Business News

Obama To Propose $3.8 Trillion 2011 Budget

WASHINGTON (Reuters) – President Barack Obama will unveil a $3.8 trillion (2.4 trillion pound) budget proposal on Monday for fiscal 2011, the New York Times reported on Saturday.

Read more: 2011 Budget, Obama 3.8 Trillion Budget, Economy, Obama Budget, Obama, Obama Economy, Obama 2011 Budget, Politics News

Paul Volcker Op-Ed: How To Reform Our Financial System

PRESIDENT OBAMA 10 days ago set out one important element in the needed structural reform of the financial system. No one can reasonably contest the need for such reform, in the United States and in other countries as well. We have after all a system that broke down in the most serious crisis in 75 years. The cost has been enormous in terms of unemployment and lost production. The repercussions have been international.

Read more: Paul Volcker Barack Obama, Paul Volcker Nytimes Op-Ed, Economy, President Obama, Economic Crisis, Banks, Financial Crisis, Paul Volcker Financial System, Obama, Paul Volcker, Paul Volcker Op Ed, Business News

Davos-Private equity firms bullish on 2010 outlook

DAVOS, Switzerland, Jan 31 (Reuters) – The heads of three
of the largest private equity firms in the world expressed