More job loss.
The classic definition of a recession is two consecutive quarters of negative GDP. Many analysts believe the GDP will decline in the current October-December period by an even larger amount and they are forecasting a negative GDP figure in the first three months of next year...
`With the deterioration in economic conditions and the recent associated falloff in energy and many other commodity prices, I anticipate further dissipation of inflationary pressures,''
In heavily Hispanic areas around Houston, the top issues include the economy, health care and immigration. Undocumented workers cannot legally vote and the few who are willing to speak to reporters express little interest in U.S. politics.
"We are as pleased as we can be with the decision. At the end of the day, we are here because our sister Meredith was murdered," brother Lyle Kercher said at a news conference...
Asian shares fell on Monday, with Japan's Nikkei briefly hitting its lowest intraday level since 1982, as investors feared fresh moves expected from central banks this week will not be enough to stave off a deep global recession.
People ducked for cover between police squad cars after shots rang out. One man was killed in the shooting and two others were injured.
We are living in economic chaos. Banks, homes, jobs, and businesses are at risk. Yet curiously, the one thing that seems stable is the dollar.
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Michael Bloomberg, Mayor of New York City and founder of Bloomberg, L.P., warns of a further worsening of the current U.S. economic crisis.
Michael Rubens Bloomberg (born February 14, 1942) is an American businessman and the Mayor of New York City. He ran on the Republican ballot and was elected mayor in 2001, then reelected to a second term in 2005.
He is currently listed on the Forbes 400 as the eighth-richest American, with a net worth of US$20 billion.
Read more about Michael Bloomberg
