May 2009


Ahead of his meetings, Treasury Secretary Timothy Geithner, in this file photo, played down long-standing areas of disagreement such as China's undervalued currency.After years of acrimonious economic relations with China, the U.S. insists it wants to turn the page and develop closer ties with the world’s third largest economy.

Ahead of his meetings, Treasury Secretary Timothy Geithner, in this file photo, played down long-standing areas of disagreement such as China's undervalued currency.After years of acrimonious economic relations with China, the U.S. insists it wants to turn the page and develop closer ties with the world’s third largest economy.

Last-minute details are being worked out between local German governments and a Canadian auto parts giant in its effort to acquire GM’s Germany-based Opel unit.

Last-minute details are being worked out between local German governments and a Canadian auto parts giant in its effort to acquire GM’s Germany-based Opel unit.

Unattended homes such as this one in Lehigh Acres, Fla., could be a major safety hazard in a hurricane. And a region full of destroyed or heavily damaged homes would depress real estate values even further.Unoccupied, foreclosed homes would be defenseless in a storm; there will be no one to put up shutters, batten down garage doors and otherwise secure homes.

Unattended homes such as this one in Lehigh Acres, Fla., could be a major safety hazard in a hurricane. And a region full of destroyed or heavily damaged homes would depress real estate values even further.Unoccupied, foreclosed homes would be defenseless in a storm; there will be no one to put up shutters, batten down garage doors and otherwise secure homes.

Manhattan West, a stalled condominium project, stands unfinished behind a fence in Las Vegas on May 8.For a generation or more, the Sun Belt thrived like no other region in America — a growth so steady it felt as though the boom would never end. But now it has, replaced by a bust.

Manhattan West, a stalled condominium project, stands unfinished behind a fence in Las Vegas on May 8.For a generation or more, the Sun Belt thrived like no other region in America — a growth so steady it felt as though the boom would never end. But now it has, replaced by a bust.

Timothy Geithner’s first trip to China as treasury secretary comes at a vulnerable time for the Obama administration.

A late day shot of adrenaline has sent stock prices soaring and given the big market indexes their third straight monthly gain.

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