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2010-03-12 04:10
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Posts Tagged ‘recession’

The Weekly Bottom Line

No matter what we do or how long our day goes on for, we eventually retreat to our homes in the evening. In similar fashion, and because the housing market is at the epicenter of this Great Recession, economists find themselves constantly going back to scrutinizing housing markets. A sustainable…

Weekly Economic and Financial Commentary

Sequential attempts to deal with particular problems in our economy have not solved any problems since the recession began. Instead, we have simply pushed the economic pressures in the economy, as if it were a child’s balloon, to another part of the balloon. Almost four years ago we published an…

States taking fresh look at socialist bank

In this photo taken Feb. 5, 2010, Eric Hardmeyer, president of the Bank of North Dakota, poses outside the bank's steamboat-shaped headquarters near the Missouri River. The bank is the only state-owned bank in the nation, and officials in other states are studying whether a state-owned bank could help improve their states' economies. (AP Photo/Dale Wetzel)The Bank of North Dakota — the nation’s only state-owned bank — might seem to be a relic. But now officials in other states are wondering if it is helping N.D. sail through the recession.










North DakotaBank of North DakotaUnited StatesBusinessPolitics

Temp hiring no longer seen as sign of recovery

When employers hire temporary staff after a recession, it’s long been seen as a sign they’ll soon hire permanent workers. Not these days.









EmploymentRecessionBusinessUnemploymentUnited States

Milder recession could leave room for meaty fiscal package

(SINGAPORE) The government’s 2009 budget deficit is likely to be smaller than projected, leaving room for a substantial fiscal package this year, economists say.
While initial estimates last year were for an $8.7 billion deficit, or 3.5 per cent of GDP, Citi economist Kit Wei Zheng said in a report yesterday that a milder recession than feared means operating revenue is likely to come in above pro… more

Risk of double-dip recession low, Geithner says

The risk the U.S. economy will slip back into recession is lower now than at any time in the past year, Treasury Secretary Timothy Geithner said on Sunday.







United States Secretary of the TreasuryTimothy GeithnerEconomy of the United StatesBusinessUnited States

Unemployment rate falls to 9.7 percent

The outlook for jobs became a bit less bleak with January’s unexpected decline in the unemployment rate, which fell to 9.7 percent from 10 percent as more people said they had jobs.







UnemploymentEmploymentBusinessGreat RecessionJob Search

Recession in Britain ends — but just barely

Britain’s worst recession since World War II is officially over — but only just.







World War IIGreat BritainHistoryTwentieth CenturyWars and Conflicts

Great Recession spawns biz buzzwords

Our cartoonists take a wry look at the financial jargon made popular in the past year. Every year brings with it a host of business buzzwords.  This year, the Great Recession — buzzword alert — made business news everyone’s business for a change.










BusinessNewspapersMagazines and E-zinesBusiness and EconomyManagement

Smucker’s profit surges after acquiring Folgers

The company based in Orrville, Ohio earned $140 million, or $1.18 per share, for the period ended Oct. 31. That's up sharply from $51.5 million, or 94 cents per share, a year earlier.J.M. Smucker Co.’s acquisition of Folgers Coffee Co. continues to pay off for the jam maker, helping to more than double its fiscal second-quarter profit, as consumers continue to turn to the company’s well-known brands and eat at home more during the recession.










J.M. Smucker CoFolgersBeveragesBusinessFood

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