Word: declarede
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As the financial system has collapsed over the past year, everyone from policymakers to media commentators has fretted about whether or not the crisis would spillover into the broader economy. Yesterday, the fears were confirmed when the Cambridge-based National Bureau of Economic Research officially declared that the U.S. economy...
Venezuelan President Hugo Chávez has given his rubber-stamp National Assembly the green light to fashion yet another constitutional referendum on whether presidential term limits should be eliminated in the western hemisphere's largest oil producer. "We're going to achieve it," the left-wing Chávez...
Which means that if the opposition can't defeat Chávez in the coming referendum, it will have to figure out how to do it in 2012. Right now no one appears to be up to the task, largely because Chávez's foes spent so many years...
Whenever terrorism rears its head in India, it has probably left its tail in Pakistan. Or so seems the knee-jerk instinct of many Indians. But in the wake of last week's Mumbai terrorist attacks, that sentiment may be, in this instance, correct. Ongoing investigations by Indian police - helped...
On the day a recession was formally declared, investors cast their vote that economic recovery was nowhere in sight. All broad stock market indexes dropped sharply, with the steepest thrusts coming at the end of the trading day. The Dow ended Monday's session down 679.95 points or 7.7%, one...