recession Archive

Recession Officially Over – the Pain is Not

By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) – The longest recession the country has endured since World War II ended in June 2009, a group that dates the beginning and end of recessions declared Monday. The National Bureau of Economic... (more...)

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Are American Consumers Getting their Groove Back?

I have noticed an interesting trend as the nation continues to claw out of the ugly recession.  While the job picture remains bleak, those who do have jobs seem to be ready to exhale and do a little shopping.  The financial collapse of a year ago triggered... (more...)

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Jon Huntsman talks about the Economy and Ethics

Jon Huntsman talks about the Economy and Ethics

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Martin Wolf of the Financial Times

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When You Become the News

Saying Goodbye After Our Final Show  I am my lead story. As my staff and I reported on the world’s economic turmoil for my nightly TV show Money Matters Today, we got the news. Our network, show, and jobs were being eliminated. Three-hundred-and-fifty... (more...)

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Financial Crisis: A Conversation with Steve Forbes

This morning central banks around the globe pulled off the difficult feat of a coordinated interest rate cut. The idea behind the cut is to help thaw the frozen credit markets. Banks won’t lend because they don’t have confidence that borrowers (including... (more...)

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Ask Mary

Question: I read the headlines…everything seems to be “the worst since the great depression.”  What defines a depression? Answer: A depression is a recession on steroids. It is often defined as a drop in consumption by 10% or more. Others... (more...)

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