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Unemployment rate climbs to 10.2%

The US economy lost a net total of 190,000 jobs in October, causing the national unemployment rate to jump to 10.2%, the highest in 26 years.
Nov 6, 2009 by  Aaron Jefferson in Business - 1 comment

Third Quarter Growth for U.S. Economy of 3.5 Percent

According to estimated figures released on Thursday by the Commerce Department, the U.S. economy grew at an annual rate of 3.5 percent in the quarter from July through September.
Oct 29, 2009 by  Chris Dade in Business

Chinese Vice-Premier: Economy better than expected Special

On Monday, China's Vice-Premier told an audience at the third International Tax Dialogue Global Conference that the country's economic recovery has strengthened and now the financial state is better than expected.
Oct 29, 2009 by  Andrew Moran in Business

Poll: Americans mixed on President’s priorities

When presented with five different topics that the President should focus on, Americans still name the economy as the top choice, but it is no longer the front runner by as wide a margin as this time last year
Oct 28, 2009 by  Oliver VanDervoort in Politics - 3 comments

Report: Philippines Better Off Than Other Countries in Asia

The global economic downturn will have little effect on the economy of the Philippines compared to South Korea and Thailand, according to a report by Asian Development Bank.
Oct 28, 2009 by  Leo Reyes in Business - 2 comments

Gerald Celente: Wall Street has hijacked Washington

Publisher of the Trends Journal and Director of the Trade Research Institute, Gerald Celente, sat down with Russia Today this week to discuss the United States economy and what he sees as Wall Street hijacking Washington, D.C..
Oct 27, 2009 by  Andrew Moran in Business

White House top economist: don't expect growth from the stimulus

In a sober assessment of the impact the federal stimulus plan is having on the U.S. economy, leading White House economist Christina Romer admitted that the plan will not contribute to growth in 2010.
Oct 23, 2009 by  Michael Krebs in Business

China's economy grows with 8.9 percent

It seems the global economic crisis has hit every corner of the world, except for China: the statistics bureau said in Beijing has said that the Chinese economy has grown with almost 9 percent in the third quarter of 2009 from a year earlier.
Oct 23, 2009 by  Miriam Mannak in Business

Sri Lankan economy grows as the ethnic-war comes to an end Special

After decades of war, the Sri Lankan economy is starting to sprout as banks are continuing to open new branches, free trade is booming after the government opened a new highway and sales have doubled. But at what cost?
Oct 21, 2009 by  Andrew Moran in Business - 3 comments

China will become world's second largest economy Special

For many investors, China is the 21st century version of 20th century America and 19th century Great Britan and so on. Financial analysts believe China will takeover Japan and become the world's second largest economy but the Yuan could be a problem.
Oct 20, 2009 by  Andrew Moran in Business - 1 comment

Iceland government reaches deal with UK, Holland

After the collapse of the Iceland economy, the Icelandic government has reached a comprehensive deal that would reimburse Great Britain and Netherlands more than $5 billion.
Oct 18, 2009 by  Andrew Moran in Business

More Casinos May Help Economy

A presidential candidate once said, "It's the economy stupid". That was former President Bill Clinton. Some states may add more casinos or expand existing ones to bring in more money to help their economy..
Oct 18, 2009 by  Oscar Brooks in Business - 4 comments

Opinion: Economic Fate is What You Make

You can listen to conflicting opinions of self proclaimed experts on government activity or lack thereof on “stimulating,” the economy. However, the reality is that the economy’s progress remains in your hands.
Oct 12, 2009 by  James Raider in Politics

Medvedev: Russia Economy Worse Than Expected

Facing its first recession in a decade, Russian President Dmitry Medvedev announced today the economy was suffering worse than expected.
Oct 11, 2009 by  Aaron Jefferson in Business - 1 comment

Opinion: Green Shoots or Root Rot?

The American people are being told by Ben Bernanke, Barack Obama, and Tim Geithner the economy is starting to see green shoots. In truth however, green shoots are trying to grow, but a disease keeps causing the roots to turn black and die.
Oct 6, 2009 by  Aaron Jefferson in Business - 1 comment

U.S. unemployment hits 26-year high, rising to 9.7 percent

American unemployment figures in August hit a 26-year high, rising to 9.7 percent and reflecting an economy that remains uncertain.
Sep 4, 2009 by  Michael Krebs in Business

Biden: Stimulus is 'changing the trajectory' of the economy

With unemployment figures expected to stabilize in August, Vice President Joe Biden reiterates that the federal stimulus plan is working and that the 'trajectory' of the economy has been changed.
Sep 3, 2009 by  Michael Krebs in Politics - 7 comments

China approves H1N1 vaccine, hopes to protect manufacturing base

China approves a single-dose H1N1 swine flu vaccine from Sinovac Biotech and hopes to keep its global manufacturing workforce and its dense population healthy. The flu's impact on the global economy is not yet known.
Sep 3, 2009 by  Michael Krebs in World

Women more pessimistic on economy than men, according to survey

In a survey conducted by an advertising research group, women were found to be considerably more pessimistic on the economy than men. The perspective could have a sustained impact on household buying.
Aug 30, 2009 by  Michael Krebs in Business

Disappointment in handling of credit crisis weighs on U.S. dollar

While the U.S. economy is showing signs of recovery in some segments, the intermediate and long term damage to the greenback may already be in motion.
Aug 25, 2009 by  Michael Krebs in Business - 1 comment
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