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Economic recession News

National Association for Business Economics: 1.6 percent growth

Washington - U.S. economic forecasters surveyed by the National Association for Business Economics downgraded forecasts for economic growth to an anemic 1.6 percent this year.

Obama's 'promise zones' versus Senator Paul's 'freedom zones'

President Obama's "promise zones" very much resemble Senator Rand Paul's ideas on "economic freedom zones" the Republican introduced in Detroit in December. Is imitation flattery, as Paul insists?

Op-Ed: Nasdaq stops all trading as Economic Armageddon looms

The Nasdaq stops all trading partly because we are now on the verge of a historic economic meltdown. The Dow sinks for the sixth day as traders ponder fed exit. We are heading toward a frightening fall and punishing winter decorated in economic collapse.

Op-Ed: Investing through the summer fog of 2012

The knowledge that short-term markets are driven first by news headlines and central bank policies rather than primarily macro and macroeconomic data forces a perverse reaction onto the market in this unfamiliar climate we find our capital in.

Kodak shares plummet 54 percent amid bankruptcy rumors

Shares of Eastman Kodak Co lost more than half of their value on Friday as rumors of bankruptcy spread like wildfire during the week.

Op-Ed: Gold and Silver Are Profitable Safe Havens

History has shown that people who are in power, or want to be in power, or who are afraid of losing power; will do irrational things at the wrong time and shock routine events to spin out of control.

Latvian government on verge of collapse amid economic turmoil

Riga - As the global economic recession continues, many countries around the world are suffering, both financially and politically. The Latvian government is on the verge of collapse after the largest political group in the five-party coalition walked out.

Toronto Dollars assists small business across the city Special

As many small towns across North America promote local currency to help fledgling small businesses, Toronto Dollars, an 11-year-old non-profit organization, is helping Toronto merchants.

Op-Ed: Do Hitler Parallels by Noted Historian Predict Future Woes?

Since the Presidential election folks have commented on the growth in extremism. This may have to do with election strife or compounding of divisions after the 9/11 attacks. For me it is what Trevor Roper said 40 years ago that worries me now.
 

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Prolonged economic weakness  brought on by a U.S. default on its obligations would result in negativ...
Prolonged economic weakness, brought on by a U.S. default on its obligations would result in negative implications for the global economy.
Madhu babu pandi
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