Latest Economic disasters Stories
In 2010, they launched the wickedly funny & satirical web site http://www.RecessionWreaths.com. Now they're back with a hilarious sequel http://www.RecessionGiftBaskets.com.
The New England economic outlook remains precarious, with the regional economy struggling to continue its recovery if the U.S. economy remains weak.
HARRISBURG, Pa., Oct.
FORT LEE, N.J., Sept. 1 /PRNewswire/ -- The National Inflation Association today released the following inflation alert to its http://inflation.us members: The Financial Crisis Inquiry Commission today held hearings with former Lehman Brothers Chairman Dick Fuld.
65% fear a 'double dip' recession, 72% say Europe's financial problems likely to hurt US, 42% will cut back personal spending, 48% say spending will remain the same over next 3 months NEW YORK, June 30 /PRNewswire-USNewswire/ -- Beyond significant concerns about the current state of the US economy, Americans see a double-dip recession as a real possibility and fear Europe's financial problems will harm the US economy. 65% of the roughly 1,000 Americans polled last week by StrategyOne say it's...
FORT LEE, N.J., Dec. 7 /PRNewswire/ -- The National Inflation Association today released the following statement to its www.inflation.us members: "On Friday it was announced by the Bureau of Labor Statistics that the U.S. unemployment rate in November declined from 10.2% to 10%.
The U.S. government significantly improved its second quarter gross domestic product estimate in the latest and final revision Wednesday. The GDP is released in preliminary, revised, and final estimates.
The British economy shrank 0.6 percent in the second quarter, in line with expectations, the Office of National Statistics said Tuesday. The number is an improvement over the previous estimate of a 0.7 percent second quarter decline.
Christina Romer, chair of the White House Council of Economic Advisers, said in Chicago the Great Recession had all the early signs of the Great Depression. Both financial skids, 1929 and 2007, began with gentle declines, Romer said in a speech at the Federal Reserve Bank in Chicago Friday.
The Asian Development Bank, noting developing Asia's economic resilience, revised the region's 2009 economic growth forecast to 3.9 percent from 3.4 percent. Developing Asia is proving to be more resilient to the global downturn than was initially thought, the bank, based in Manila, said in its updated annual economic publication. The previous forecast was issued in March. The Asian growth projection for 2010 was also revised upward, from 6 percent to 6.4 percent. Despite worsening conditions...
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