Word: recessional
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Bargains last only so long, even in this recession. Sorry, T. Boone Pickens.
So demand for gas, despite its low price, stays relatively low. Then layer on the effects of the recession: gas-intensive industrial production is down 12.8% since this time last year, according to Barclays Capital bank estimates. On top of that, there's weather: this has been a cool summer...
But don't hoard your money under the mattress just yet. After all, the $9 trillion figure is just an estimate, and who knows what the economy will look like in 10 years. With any luck we won't be in a recession anymore, so revenue will be up and...
Despite his grass-roots support, it's uncertain if Williams can muster a council majority next month to pass the ordinance, which would likely be the first such law to emerge amid the Great Recession. (A Pennsylvania judge last year mandated a program in Philadelphia that requires lenders there to...
The Great Recession has not become another Great Depression - the markets have rebounded, and Bernanke declared last week that the worst of the downturn appears to be over - so Obama really had no choice but to reappoint Bernanke, even though White House economic adviser Lawrence Summers has yearned for the...