Word: recessional
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TIME: Is the recession approaching a bottom? Schwartz: I think that when the final date for the end of the recession is determined, it will be shown that it occurred sometime in the spring of this year. But I don't believe the recovery will be very substantial, and therefore...
By monetary stimulus, do you mean the Fed needs to print more money? An increase in the money supply has historically always motivated people to spend and end a recession. And I don't know if there's any evidence that fiscal stimulus has the same effect on people's...
Originally, this group was made up of six (Canada joined in 1976 and Russia, officially, in 1997) and the idea behind it sprung from the oil crisis and subsequent worldwide recession of 1973. The nations wanted an informal forum to coordinate their macroeconomic policies during the downturn, in addition to...
As for the official business at hand, the 2009 G-8 is expected to be dominated by discussion over a new form of world governance in light of the global downturn. What's more, there's talk of the need for a better-structured form of dialogue to deal with...
But the PAN has proven to be a disappointment, too, and many Mexicans seemed willing to give the PRI's still robust political machine another shot at navigating hard times. Calderon has received high approval ratings for his military offensive against the cartels and his generally adept handling of this...