WASHINGTON - PRESIDENT-ELECT Barack Obama said on Saturday an analysis of his stimulus proposals shows that between 3 million and 4 million US jobs could be saved or created by 2010, nearly 90 percent of them in the private sector.
The analysis of Mr Obama's estimated US$800 billion (S$1.19 trillion) plan to lift the country out of a year-long recession was submitted by the chair of his council of economic advisers, Christina Romer, and by Vice President-elect Joe Biden's chief economic adviser, Jared Bernstein.
MUMBAI - THE disgraced former chairman of top Indian outsourcing firm Satyam was sent to prison on Saturday, days after admitting to a US$ 1 billion (S$1.49 billion) fraud which has shaken the country's business community.
B. Ramalinga Raju was arrested overnight after he surrendered to the police and was jailed on remand until January 23 by a judge in the southern city of Hyderabad, where Satyam is headquartered, court officials said.
