Washington -- The Pew Center, a Washington think tank, said it would likely take 15 to 20 years for Michigan to regain the jobs it had lost since 2000.
Of all the insights I've heard over these few crazy months, the most
telling came from an investor who appeared on CNBC last fall and
advised, in all seriousness, "There are only two positions to be in
right now: cash, and fetal."
Two eight-letter words that both end in "ry"
… surely they must go hand in hand.
Washington, September 9 -- Indicating that a recovery from the unrelenting economic recession may still be a distant dream, Federal Reserve’s data revealed that consumers in the United States borrowed a record $21.6 billion less from financial institutions in the month of July.
New York, August 1: The ongoing economic recession, the worst since the Great Depression, turned out to be shoddier than previously thought. The good news though is that the end to this seemingly unrelenting recession could just be round the corner.
Washington, June 6: The U.S. economy cut 345,000 jobs last month alone. The count of total jobs lost in the current economic recession is 6 million. The unemployment rate, at 9.4 percent in May, has risen to the highest level since 1983.
Beijing, June 1: The government's stimulus package has borne fruit for China. The Chinese manufacturing sector continued to expand, albeit moderately in the month of May.
Washington, April 7: The impetus towards recovery in Asia would be provided by a recovery in China during the later part of this year, the World Bank said Tuesday.
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