DENVER -- One day after voters agreed to let the state keep an extra $3.7 billion in taxes to bounce back from a recession, Democrats and Republicans were already disagreeing on how to spend it.
Stocks slid Thursday for a third straight session, slicing 115 points from the Dow Jones industrial average, after a larger-than-expected drop in durable goods orders raised new questions about the economy and corporate profits.
SACRAMENTO — In the early 1990s, with California mired in the worst recession in a half-century, the chairman of a state commission on the economy, former Baseball Commissioner Peter Ueberroth, declared that the state’s regulations, mandated benefits, taxes and other factors had become “a perfect job-killing machine” and were depressing economic activity.
The Reserve Bank of New Zealand on Thursday raised its interest rate to 7 per cent, the highest in the developed world, and signalled that rocketing property prices and household spending made further rises a near certainty.
President Bush said Wednesday he was open to "across-the-board spending cuts" in the federal budget to help trim the deficit and still pay for hurricane assistance.
A leaking housing price bubble will slow the state and local economy next year but it should not sink into a recession in that time, according to the widely watched UCLA Anderson Forecast released today.
LONDON, October 26 (IranMania) - Iran?s economy is wrestling concurrently with recession and inflation, said the former deputy minister of economic affairs and finance, adding that budget deficit has reached a worrying level.
With the stock market falling and companies laying off workers, the Federal Reserve under Alan Greenspan was racing to prevent a recession in the early months of 2001. Again and again, the Fed cut its benchmark short-term interest rate to encourage families and businesses to borrow, and spend, money.
A bird flu pandemic - even one that took a relatively low toll in human life - would have a devastating impact on Asian countries, the Asian Development Bank warned Tuesday, as China reported its sixth outbreak of the disease this year.
Stirred but not too shaken was the reaction of a British film industry mission to news that most of the next James Bond film will be shot in Prague and not its traditional site, Pinewood Studios, outside London.
(AFX UK Focus) 2005-10-25 00:58 GMT: SKorea Q3 GDP growth 4.4 pct yr-on-yr; 1.8 pct qtr-on-qtr - UPDATE
Cendant Corp., a $20 billion conglomerate that owns Century 21, Coldwell Banker and Ramada Inns, among other brands, is splitting itself into four separate corporations.
President Bush said Monday he was nearing an announcement on a successor to Federal Reserve Board Chairman Alan Greenspan. Administration officials said an announcement was expected at 1 p.m. EDT.
Soaring energy prices and the enormity of Hurricanes Katrina and Rita will have a significant impact on the U.S. economy, putting upcoming holiday retail sales at risk. But the economic havoc generated by the two deadly hurricanes in and of itself is unlikely to trigger a recession.
Mærsk: Ingen recession for containerindustrien - Drewry
Mens andre er meget sortsynede for udviklingen i containerfragtraterne i de kommende år, så ser Drewry Consultants i London mere optimistisk på situationen, og mener ikke, at fragtmarkedet er på vej mod en recession som det var tilfældet i 2001 og 2002. - Vores generelle markedsvurdering er, at markedet vil aftage i 2006, 2007 og 2008. Men, hvis det styres ordentligt, så bør det ikke blive et
Argentine President Nestor Kirchner strengthened his support in Congress during legislative elections on Sunday, while his wife scored a resounding victory in an important Senate race.