AlJazeeraEnglish October 11, 2011
Archive for the ‘Economic Crisis’ Category
Meltdown – The men who crashed the world
Posted: October 11, 2011 in Economic Crisis, Movies, US News0
Global Meltdown: Investors Are Dumping Nearly Everything
Posted: September 22, 2011 in Economic Crisis, World NewsPatti Domm CNBC September 22, 2011 With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasurys. Treasury yields [cnbc explains] , as a result, slipped to historic lows with the 10-year yielding 1.75 percent and the 30-year at [...]
Sharp drop for economy, IMF warns
Posted: September 20, 2011 in Economic Crisis, US News, World NewsPeter Martin The Sydney Morning Herald September 20, 2011 THE International Monetary Fund has slashed its economic forecasts for Australia, warning of a new global recession that would hit commodity prices and drive millions worldwide into unemployment. Hours before the fund published its unexpectedly gloomy update in Washington, the Reserve Bank of Australia released a [...]
U.S. Debt Held by Public Tops $10T for 1st Time—Up 59 Percent Under Obama
Posted: September 2, 2011 in Economic Crisis, US NewsTerence P. Jeffrey CNS News September 2, 2011 (CNSNews.com) – At the close of business on Aug. 31–for the first time in the history of the country–the publicly held debt of the federal government topped $10 trillion, according to data released by the U.S. Treasury Department at 4:00 p.m. yesterday. During Obama’s presidency, debt held [...]
Economy Gains No Jobs in August, Rate Holds at 9.1%
Posted: September 2, 2011 in Economic Crisis, US NewsJeff Cox CNBC September 2, 2011 The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession. It was the first time since World War II that the economy had precisely net zero jobs created for a month. [...]
Goldman says QE3 likely after dovish Fed statement
Posted: August 10, 2011 in Economic Crisis, US NewsReuters August 10, 2011 (Reuters) – Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years. “We now see a greater-than-even chance that the FOMC will resume quantitative easing [...]
Dow Jones industrial average plunges 600 as market rout continues
Posted: August 8, 2011 in Economic Crisis, US NewsThe Los Angeles Times August 8, 2011 The Dow Jones industrial average plunged as much as 600 points midday Monday as the market rout continued in the first day of trading after Standard & Poor’s downgraded the United States’ credit rating. Investors have piled out of stocks all day and into a few safe havens, [...]
CNN Money August 8, 2011 See chart here
Zachary A. Goldfarb The Washington Post August 5, 2011 Standard & Poor’s announced Friday night that it has downgraded the U.S. credit rating for the first time, dealing a symbolic blow to the world’s economic superpower in what was a sharply worded critique of the American political system. Lowering the nation’s rating to one notch [...]
Annalyn Censky CNN Money August 4, 2011 NEW YORK (CNNMoney) — In their single worst day since the 2008 financial crisis, stocks plunged Thursday, with the Dow tumbling 512 points, as fear about the global economy spooked investors. “The conventional wisdom on Wall Street was that the economy was growing — that the worst was [...]
