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User: newstrust Topic: US Economy
Category: Recession
Last updated: May 24 2013 15:19 IST RSS 2.0
 
37,633 to 37,652 of 42,506    
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For bailout to work, housing market needs to mend 4.10.2008 AP Business
NEW YORK (AP) -- Washington's financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?...
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Until housing markets improve, banks may stint on lending despite OK of $700 billion bailout 4.10.2008 Star Tribune: Business
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How the West could be won (Cached) 4.10.2008 Le Monde Diplomatique
How could the Republicans boast about their liberal values and their record in government when public funds are currently being used to fill the black hole created by US banks? Most Americans are in sour mood, as rising energy prices reduce their purchasing power, already affected by the credit crunch and the wage freeze.
So the Republicans have decided to change the subject and talk about patriotism, authenticity and attachment to “traditional values”. Faced with Barack Obama's life story and (...)
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U.S. jobs data raise red flags on spending 4.10.2008 International Herald Tribune: Business
Americans have concluded that it is tough to get a job, so expect consumer spending to be weak.
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ANALYSIS: Bail-out marks first step in long road back for US economy 4.10.2008 Earth Times
Washington - While US President George W Bush signed a much- awaited 700-billion-dollar rescue package deemed critical to keep the US economy afloat, it appeared Wall Street had already turned the next dark corner. The Dow Jones Industrial Average lo...
Off the Charts: Pessimism About Jobs, Ahead of Schedule 4.10.2008 NY Times: Business
Worries about jobs often continue well after recessions end, a sign that the current sour outlook could continue for some time, even if the economy is close to hitting bottom.
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US drop in employment grows ever steeper as companies shed workers in face of recession 4.10.2008 The Guardian -- World Latest
Sharpest increase in US unemployment in five years as $700bn bail-out becomes law
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INTERVIEW: Former IMF economist warns of global recession from crisis 4.10.2008 Earth Times
Washington - Simon Johnson, the former chief economist of the International Monetary Fund, warned of a global recession as a result of the devastating financial crisis that has struck the United States and Europe. In a telephone interview with Deutsc...
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Huge job losses last month 4.10.2008 San Jose Mercury News: Local News
America"s angst-ridden economy lost jobs in September at its fastest pace in more than five years, and the outook from economists and surveys is grim despite congress" emergency action Friday to provide $700 billion intended to stabilize the financial system.The Labor Department"s monthly report, released Friday, showed that 159,000 non-farm payroll jobs had been slashed, more that double the 73,000 jobs lost in August. First-time claims for unemployment benefits had increased last week to the highest level since the period after the 2001 terror attacks.
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Samuelson: Is This a Replay of 1929? 4.10.2008 Newsweek Top Stories
Unlike during the Great Depression the government is now a huge part of the economy. And officials have moved quickly, if clumsily, to contain the ...
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Economy Loses 159,000 Jobs in September 3.10.2008 Truthout.com

    The unemployment rate is likely to cross 7.0 percent early in 2009.

    The economy lost jobs for the ninth consecutive month in September, with the pace accelerating to 159,000 jobs. This was the largest one-month fall since March of 2003 when the economy lost 212,000 jobs. The unemployment rate held steady at 6.1 percent, even though the employment population ratio (EPOP) inched down to 62.0 percent.

read more
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Historic bailout bill clears House 3.10.2008 Politico
Treasury’s $700 billion rescue plan for financial markets passes 263-171, winning approval from the same House which rejected it four days ago.
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Congress approves $700 billion Wall Street bailout 3.10.2008 International Herald Tribune: Front Page
Policy makers and investors worldwide closely watched the outcome of the vote because they believed the measure was critical to prevent a further weakening of the U.S. and global economy.
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U.S. employers cut 159,000 jobs in September 3.10.2008 Twincities.com: Business
WASHINGTON — Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession.

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U.S. Sheds 159,000 Jobs; 9th Straight Monthly Drop 3.10.2008 NY Times: Washington
Government data showed the worst month of retrenchment in five years, enhancing fears that the downturn has entered a more painful stage.
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U.S. stocks rise as rescue bill clears Congress 3.10.2008 International Herald Tribune: Business
U.S. stocks rose Friday after the House of Representatives gave final congressional approval to a $700 billion plan to shore up banks, paring losses at the end of the worst week in six years for the Standard & Poor's 500-stock index.
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U.S. jobs fall, adding to pressure for interest rate cut 3.10.2008 International Herald Tribune: Business
With many analysts saying the economy has already entered a recession, the economy shed 159,000 jobs in September, the ninth straight monthly decline.
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$700bn economic bail-out plan approved by Congress 3.10.2008 The Guardian -- World Latest
A week of persuasion, negotiation and horse-trading prompted the House of Representatives to back the plan by 263 to 171
Britain expands bank deposit insurance 3.10.2008 International Herald Tribune: Business
The Financial Services Authority raised the compensation limit for savings from £35,000 to £50,000 after signs of bank customers withdrawing cash to put into perceived safe havens.
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World economic crisis: France moves into recession 3.10.2008 The Guardian -- World Latest
The French premier, Francois Fillon, today warned that the world was 'on the edge of the abyss' as his country moved into an official recession
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