Topic: Recessions And Depressions

Best Value Cities 2011:

It offers college sports, the Smoky Mountains and an entrepreneurial spirit.It offers college sports, the Smoky Mountains and an entrepreneurial spirit.Knoxville has managed to avoid the sharpest impact of the Great Recession, thanks to such economic drivers as the Tennessee Valley Authority ...

Economy still affects access to basic needs: Gallup

WASHINGTON (Reuters) - Americans' access to basic needs, ranging from food and shelter to clean water and healthcare, has not significantly improved since the height of the recession, according to a Gallup study released on Friday.The Basic Access Index, a 13-item measure ...

Minnesota loses AAA rating on Fitch downgrade

NEW YORK (Reuters) - Minnesota lost its top credit rating on Thursday as Fitch Ratings downgraded the state's general obligation bonds one notch to AA-plus, citing the budget impasse.Minnesota's state government has been shut since last Friday, when Democratic Governor Mark Dayton ...

Nearly half states close budget gaps with cuts: CBPP

WASHINGTON (Reuters) - A majority of U.S. states have passed their budgets for the fiscal year starting July 1, according to the Center on Budget and Policy Priorities.As of Monday, 32 states had enacted their budgets, with at least 24 slashing spending ...

Romney ad taps Nevada angst

Locals Ôhurt' by recession are cast in attack on ObamaWASHINGTON - When President Barack Obama told a group of workers at an auto plant in Ohio this month that "there are always going to be bumps on the road to recovery," Mitt ...

Warren Buffett lunch bids already topping $1.5 million

NEW YORK (Reuters) - Double-dip recession or not, people will still pay any price to have lunch with Warren Buffett.The annual charity auction for lunch with the legendary 80-year-old investor began Sunday night, and by Monday morning bids already topped $1.5 million. ...

Instant view: Payroll growth disappoints in May

NEW YORK (Reuters) - U.S. employment rose far less than expected in May to record its weakest reading since September, while the jobless rate rose to 9.1 percent as high energy prices and the effects of Japan's earthquake bogged down the economy.COMMENTS:NIGEL ...

A hard road to recovery for US motor home capital

Once idle factories are ringing again with the welcome sounds of motor homes being built, but this Indiana town seen as a bellwether for the US economy is still hurting nearly two years after the recession officially ended."We are just crawling out ...

Thailand lifts rates again to curb inflation

Thailand's central bank raised its official interest rate Wednesday for the sixth time in less than a year in an attempt to contain inflation.The Monetary Policy Committee (MPC) voted six to one to increase the official cost of borrowing to 2.75 percent, ...

Diamond-rich Botswana woos jewellery makers

Botswana, the world's largest producer of diamonds, told international jewellery makers Monday it was ready to create conditions to entice them to set up shop in the country.Botswana is committed to slashing red tape for cutting, polishing and manufacturing jewellery, acting minerals ...