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Obama income falls to $477,000 in 2014 as book sales slow WASHINGTON: President Barack Obama and his wife Michelle earned $477,383 in 2014, a decline over the past few years as sales of the president's biographies declined, according to their tax return released by the White House on Friday.Obama is paid $400,000 for his position as the US president. For 2014, the couple paid $93,362 in income taxes.The couple's return showed they gave $70,712 to 33 charities with the largest gift of $22,012 going to Fisher House Foundation, which houses military families while a relative receives treatment.Most of the Obamas' income above his government salary came from publishers Dystel and Goderich and Random House, and interest, according to the return.The Obamas earned $503,183 in 2013 and $662,076 in 2012. Barack Obama's highest income since becoming the 44th president was in 2009, the year he took office, when he reported income of $5.5 million, which included book sales and the Nobel Peace ...

Clinton to join US presidential race this weekend: reports WASHINGTON: Former US secretary of state Hillary Clinton will officially launch her 2016 presidential bid -- her second White House run -- at the weekend, several media outlets reported Friday.The announcement by Clinton -- who would be the clear Democratic frontrunner -- is likely to come Sunday via video and social media, the New York Daily News reported, citing a source close to Clinton's campaign.Britain's Guardian newspaper, also citing a source familiar with the campaign, ...
Guard shot at US Census Bureau: report WASHINGTON: A US Census Bureau guard was shot and critically wounded Thursday in the state of Maryland by a suspect who fled to nearby Washington and was injured in a shootout, the Washington Post reported.The Census Bureau confirmed on Twitter that there had been "an incident at the Suitland Federal Center and there is an ongoing investigation."The guard was in "extremely critical" condition after being shot at least once in his upper body at the ...
US lawmaker: State Dept recommends lifting Cuba terror designation WASHINGTON: The State Department has recommended that Cuba be removed from the US blacklist of alleged state sponsors of terrorism, a leading member of the Senate foreign relations committee said Thursday.Earlier, President Barack Obama confirmed the department's recommendation was ready, but said he would not reveal what it was before heading to the Summit of the Americas in Panama."The State Department's recommendation to remove Cuba from the list of state sponsors of terrorism, the result ...
Canada says private economists see 2015 growth of about 2pc OTTAWA: Private sector economists estimate that Canada's economy will grow at about 2 percent this year and will pick up after that, Finance Minister Joe Oliver said on Thursday. An average of economists' growth forecasts is used as a basis for fiscal planning by the Canadian government. The outlook is usually detailed in the federal budget, which will be released on April 21.The outlook matched a Reuters survey released on Wednesday that showed economists consulted ...
US jobless claims rise WASHINGTON: New claims for US unemployment insurance benefits rose last week but the overall tightening of the labor market remained, government data released Thursday showed.Initial jobless claims, an indicator of the pace of layoffs, increased by 14,000 to 281,000 in the week ending April 4, the Labor Department said.The prior week's level was revised down slightly to 267,000.The four-week moving average, which helps to smooth week-over-week volatility, fell by 3,000 to 282,250. A year ago ...
Obama hails best relations with Americas in 'decades' KINGSTON: President Barack Obama said US relations with other countries in the Americas were the best they have been in decades, as he headed to a regional summit in Panama starting Friday.Ahead of a two-day summit that is expected to see the first substantive meeting between US and Cuban presidents in half a century, Obama said decades of mistrust were easing. "It's no exaggeration to say that our relationship with the Americas is the best ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln