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Economic Downturn

Most Rebate Checks Going For Bills And Gas, Not Spending

New York Times | Peter S. Goodman | Posted 06.08.2008 | Business

Read More: Gas Prices, Economic Downturn, High Gas Prices, Stimulus Package, Fiscal Stimulus Checks, Rebate Checks, Business News

The federal government is showering households with tax rebates to spur spending and invigorate a troubled economy. But many Americans are so consumed...

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Consumers In Gloomiest Mood Since 1992

Reuters | Pedro Nicolaci da Costa | Posted 06.04.2008 | Business

Read More: Consumer Confidence Low, Economic Downturn, Consumer Confidence, Shopping, Spending, Weak Economy, Consumer Spending, Business News

Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous abou...

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Teen Summer Job Market Weakest In More Than 50 Years

New York Times | Peter Goodman | Posted 06.01.2008 | Business

Read More: Summer Jobs Market, Economic Downturn, Weak Summer Jobs Market, Teen Jobs, Economy, Teen Summer Jobs, Business News

School is out, and Aaron Stallings, his junior year of high school behind him, wanders the air-conditioned cocoon of the Woodland Hills Mall in search...

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What Recession? Ultra-Rich Still Spending Like Crazy

New York Times | Posted 04.21.2008 | Business

Read More: Economic Downturn, Ultrarich, Economic Crisis, Nyc Art, Perrier-Jouet, New York Art, Business News

Recession? What recession? Judging by the way some wealthy businessmen and women are spending, you'd never guess that the country was in a major econo...

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Is The Fed Giving Wall Street A Free Ride?

BusinessWeek | Chris Farrell | Posted 03.28.2008 | Business

Read More: Fed, Credit Crisis, U.S. Economy, Economic Downturn, Wall Street, Fed Rate Cuts, U.S. Trasury, Recession, Federal Reserve, Ben Bernanke, Bear Stearns, Credit Crunch, Fat Tail, Depression, Business News

Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing the t...

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Frugal Consumers Swap Steak For Chicken

Reuters | Posted 03.28.2008 | Business

Read More: U.S. Economy, Trading Down, Economic Downturn, Shopping, Inflation, Recession, Credit Crunch, Rising Inflation, Stagflation, Consumers, Consumer Spending, Shoppers, Housing Slump, Business News

At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...

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Recession Fears: Worry Like It's 1989

New York | Michael Idov | Posted 03.28.2008 | Business

Read More: U.S. Economy, Economic Downturn, Wall Street Write-Downs, Dow Jones Index, 1989 Recession, Black Swan Event, New Home Sales, Black Monday, Recession Fears, Economic Slowdown, Recession, Gdp, Business News

The news keeps coming, each item worse than the one before. New-home sales fall 26 percent nationwide; the U.S. economy loses 17,000 jobs in January; ...

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