Word: month
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...Last month unemployment hit 8.1%. Of course, the figure was not uniform across the country. Seven states posted double-digit figures. But, in Wyoming, less than 4% of the population is out of work. The February number was based on 651,000 people being pushed out of their jobs during the month. With the March jobs report only a few days away, the debate is whether the rate at which the economy is causing people to lose work will stay on a 600,000 to 700,000 pace or whether the job loss is slowing and whether the U.S. will...
...stock market has been pointing to an improved economic picture. There has to be a lot of optimism built into a 20% stock market rise that takes less than half a month. But, news that GM (GM) or Chrysler might go bankrupt and that large American banks may need more government money pushed stocks down again. In a very short period of time, investors have begun to doubt whether there is a good chance that the recession will lose steam before the end of this year. The month which began with optimism is not closing out that way. (See pictures...
...Earlier this month, though, the Financial Accounting Standard Board proposed a change to bookkeeping rules that would allow banks to characterize these loan sales as "distressed." That would allow banks to continue to claim they could get more for the loans they have yet to sell once this whole global financial crisis thing finally blows over...
...school district this size,” said Al Johnson, a consultant from the firm hired by the district to oversee the superintendent search. “That’s a real compliment to this community.”The search has been in progress since December, a month after former Superintendent Thomas D. Fowler-Finn’s early departure from the district. The application process closed in late February. From a pool of over 30 applicants, the school committee then selected semi-finalists, who were interviewed in a closed process. The finalists were publicly announced last week.Nash...
...result of poor decision making in the past and more a reflection of the unpredictably volatile market in which it issued its debt. David Scudder, a former vice president at Harvard Management Company who now serves as chairman of Aureus Asset Management, said that December was not an easy month to issue any bonds at all, and that 2008 was a “very exceptional year in which virtually every class around the globe, with the single exception of Treasury bonds, went down in value.”He added that while institutions could have boosted their liquidity...