Wednesday May 23, 2012
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United States entering a new recession?
BY Fight Back! Editors | United States | 10/05/11
On Sept. 30, the Economic Cycle Research Institute (ECRI) publicly stated that the United States economy was tipping into a new recession.
double dip recession, Economic Crisis, recession
U.S. economic stagnation continues three years after financial crisis of 2008
BY Fight Back! Editors | United States | 9/11/11
The U.S. economy continues to stagnate with almost no economic growth or job creation more than three years after the great financial crisis of 2008 and more than two years after the recession officially ended in 2009.
double dip recession, recession
Risk of another downturn rises
BY Masao Suzuki | San José, CA | 9/05/11
In a sign that the economy is on the edge of another downturn, the Labor Department reported on Sept. 2 that there was no gain in jobs in August.
double dip recession, jobs, recession
S&P downgrades U.S. government bonds, stock market tanks
BY Masao Suzuki | San José, CA | 8/09/11
On August 5, Standard and Poors, commonly known as S&P, downgraded U.S. government bonds from the highest rating AAA to the second-highest AA+.
bonds, double dip recession, recession, s&p, Standard & Poors
Cuts in government spending push economy to edge of another downturn
BY Masao Suzuki | San Jose, CA | 8/01/11
On July 29, the Commerce Department released its report on Gross Domestic Product or GDP for the Second Quarter (April to June) of 2011. GDP, which measures the value of goods and services produced in the United States, rose at only a 1.3% annual rate, much slower than most mainstream economists expected. Even worse, the First Quarter (January to March) economic growth was cut from an earlier estimate of 1.9% to just 0.4%.
Capitalism, double dip recession, economy, GDP, recession, Unemployment
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