Economic Slowdown

Treasury Secretary Henry Paulson Tells Americans To Expect Tough Months Ahead

AP | Posted 07.20.2008 | Politics


WASHINGTON — Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing p...

Corporate Bankruptcies Soar Amid Economic Downturn

McClatchy Newspapers | TOny Pugh | Posted 07.19.2008 | Business


Driven by a sour economy and skittish consumers, U.S. business bankruptcies saw their sharpest quarterly rise in two years, jumping 17 percent in the ...

Analysts: Expect More Bank Failures

New York Times | Louise Story | Posted 07.13.2008 | Business


As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. B...

Fed Sees Economic Woes Spilling Into 2009

New York Times | Stephen Labaton | Posted 07.08.2008 | Business


Federal policy makers have concluded that the turmoil plaguing the housing and financial markets is likely to spill deep into 2009, becoming one of th...

Employers Cut Jobs For Sixth Straight Month

AP | JEANNINE AVERSA | Posted 07.03.2008 | Business


WASHINGTON — The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more t...

Dow Enters Bear Market, Oil Hits New Record

AP | TIM PARADIS | Posted 07.02.2008 | Business


NEW YORK — Wall Street resumed its sell-off Wednesday after oil hit a new record and a bearish analyst report renewed concerns that General Moto...

Dow Negative During This Milennium

Crossing Wall Street | Eddy Elfenbein | Posted 06.26.2008 | Business


The Dow closed at 11,453.42 which means the index is now in the red for the millennium. The Dow closed December 31, 1999 at 11,497.12. Of course, tha...

Bernanke's Inflation Talk Takes Emphasis Off Of Slowdown

New York Times | Louis Uchitelle | Posted 06.26.2008 | Business


The Federal Reserve's policy makers ratcheted up their worries about inflation on Wednesday without abandoning their view that the American economy is...

Ford cuts sales view, delays new pickup 2 months

AP | TOM KRISHER | Posted 06.20.2008 | Business


DETROIT — Faced with a continuing plunge in pickup truck and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess b...

Stocks drop on bank worries, FedEx profit warning

AP | TIM PARADIS | Posted 06.18.2008 | Business


NEW YORK — Wall Street sank Wednesday for the second straight day on renewed concerns about the financial sector and FedEx Corp.'s warning that ...

Smaller Packaging Equals Hidden Eco-Costs

Treehugger.com | Christine Lepisto | Posted 06.17.2008 | Green


Are Producers Helping You to Stay on Budget? USA Today recently headlined a shocking review of the big name food companies that are trying to beat r...

Tables Turn, China Tells U.S. How To Run Its Economy

New York Times | Edward Wong | Posted 06.17.2008 | Business


BEIJING -- Not long ago, Chinese officials sat across conference tables from American officials and got an earful. The Americans scolded the Chinese ...

The Economic Debate Has Yet to Target Key Issues

Danny Schechter | Posted 06.16.2008 | Business


Danny Schechter

The US does not have energy independence or, for that matter, financial independence. Why? Partly because we live as if we are an island empire in an interdependent world.

Fire, Weak Dollar Fuel Record Oil Prices

AP | JOHN WILEN | Posted 06.16.2008 | Business


NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...

Starbucks To Open 150 More European Locations

Reuters | Posted 06.12.2008 | Business


NEW YORK (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research) is boosting its European presence with plans to license 150 new locations in Br...

Green Jobs Rise By 20 Percent In The U.K.

GreenBiz.com | Posted 06.11.2008 | Green


LONDON, UK -- While the United Kingdom has seen job losses throughout the finance and property sectors, there has been a rise in jobs related to clima...

Taking Papers Private No Easier Than Running Them Publicly

Fortune | Devin Leonard | Posted 06.10.2008 | Business


NEW YORK (Fortune) -- Brian Tierney was pretty cocky when he and a group of investors bought the Philadelphia Inquirer and its sister, the tabloid Dai...

Dow Plummets Nearly 400 Points On Unemployment News, High Oil Prices

AP | TIM PARADIS | Posted 06.06.2008 | Business


NEW YORK — Wall Street tumbled Friday, taking the Dow Jones industrials down nearly 400 points, on a pair of alarming economic developments: oil...

Latest Eco Trend: Buy Less, Live More

Planet Green | Michael Graham Richard | Posted 06.04.2008 | Green


There is a whole sub-culture within the personal finance world that is dedicated to frugal living (reducing your living expenses), and a lot of what w...

Economy Threatens McD's Dollar Menu

ChicagoBusiness.com | Emily Bryson York | Posted 06.03.2008 | Business


(Crain's) -- With sky-high commodity costs, an increase in minimum wage and consumers trading down to lower-price items, McDonald's owner/operators ar...

US logs better but still weak growth

AP | JEANNINE AVERSA | Posted 05.29.2008 | Business


WASHINGTON — The economy logged slightly better _ but weak _ growth in the first quarter, spurred by improved sales of U.S. products overseas. W...

Buffett: Economy Is In Recession

AP | JOSH FUNK | Posted 05.05.2008 | Business


OMAHA, Neb. — Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch i...

Stuck In The Slow Lane

New York Times | PETER S. GOODMAN and MICHAEL GRYNBAUM | Posted 04.30.2008 | Business


The American economy remained stuck in the slow lane over the first three months of the year, expanding by a modest 0.6 percent annualized rate, the C...

Poll: Iraq War Affecting Economic Downturn, Say 9 In 10

CBS News | Posted 04.07.2008 | Politics


According to a new poll by CBS News, 89% of Americans think that the Iraq War has contributed to the country's economic problems. Americans surveyed ...

Wall Street's Crisis Hits Main Street

New York Times | Peter S. Goodman | Posted 03.21.2008 | Business


In Seattle, sales at a long-established hardware store, Pacific Supply, are suddenly dipping. In Oklahoma City, couples planning their weddings are de...


 

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