CBS Investment

Pharmaceutical Industry of the United States is prepared to spend 80 billion dollars over 10 years for the reform of American health care, which is being developed by the administration of U.S. President Barack Obama.
Democrat Senator Max Bokus has managed to negotiate with pharmaceutical associations on the bill on the reform to transfer part of program costs on the shoulders of businesses, passes Associated Press.

The day of the final payment came for ten American banks: paying 68 billion U.S. dollars, they gained freedom. Thus, returning the dept of the government financial help within the program of TARP (Troubled Asset Relief Program), these banks are again out of the United States Government control. However, there is much less pleasant news for the financial industry: the ratings of 18 U.S. banks have dropped. Experts predict tough times also for the European banks.

The U.S. government implemented payments through TARP program after the bankrupt of Lehman Brothers shocked the financial markets last fall. 125 billion U.S. dollars were allocated in order to help major banks, which had to be sufficient during the current economic crisis.

The past year was very difficult for the world financial system. Banks of most of the world’s developed and developing countries suffered huge losses, and in some cases, it took even the intervention of the authorities in order to prevent their bankruptcy and collapse of the banking system, transmits Reuters.

Of course, large-scale crisis plans of the authorities had their effect, and investors are gradually beginning to return their confidence. But some experts warn that the crisis is not yet finished, and soon many banks will have to write off their assets. This is particularly true of European banks, underscore the market participants.

Construction of new homes in the United States increased by 17.2% in May 2009 – up to 532 thousand units compared with the previous month. Such data is written in the report of the Ministry of Commerce (US Department of the Treasury). Experts predicted that the value of the indicator would be at the level of 500 thousand units. The rate for May of this year fell by 45.2% compared with the value in May of last year.

In May, the number of permits issued for construction of new homes rose by 4% – up to 518 thousand units compared to April. The number of permits for the construction of new homes declined by 47% in May 2009 compared to May last year.