Topic: Recessions And Depressions

Texas House approves budget that makes sweeping cuts

AUSTIN, Tex (Reuters) - The Republican-dominated Texas House late Sunday passed a budget for the next two fiscal years that does not add taxes or dip into the state's rainy day fund but does make sweeping cuts to education and health care."This ...

Budget seeks to boost flagging economy

Chancellor of the Exchequer George Osborne launched plans on Wednesday to breathe new life into the struggling economy but was forced to tear up his optimistic forecasts for growth.Osborne, presenting his second annual budget, said he would boost growth and jobs -- ...

British budget seeks to boost flagging economy

British finance minister George Osborne launched plans on Wednesday to breathe new life into the struggling economy but was forced to tear up his optimistic forecasts for growth.Osborne, presenting his second annual budget, said he would boost growth and jobs -- even ...

Who wants to be a millionaire? More in UK now are

LONDON (Reuters) - The number of millionaires living in Britain has risen by 17 percent over the last two years as the wealthy start to recover from the 2008 credit crisis, a survey revealed on Sunday.Barclays Wealth said there were 619,000 millionaires ...

Economy shrank by 0.6% in last quarter

Britain's economy shrank by a worse-than-expected 0.6 percent in the fourth quarter, official data showed Friday, as harsh wintry weather hampered prospects of a swift recovery.Gross domestic product (GDP) -- the total value of goods and services produced in the economy -- ...
Britain's economy shrank by a worse-than-expected 0.6 percent in the fourth quarter, official data showed Friday, as harsh wintry weather hampered prospects of a swift recovery.Gross domestic product (GDP) -- the total value of goods and services produced in the economy -- ...

Las Vegas Sands in talks to build "strip" in Spain

SINGAPORE (Reuters) - U.S. casino operator Las Vegas Sands is talking to local governments in Spain about building a Vegas-style strip that would cost 10 billion to 15 billion euros and create up to 180,000 jobs, its CEO said on Thursday."We considered ...

Luxury spending grows, wealthy are happy: survey

NEW YORK (Reuters) - Spending on luxury goods by affluent Americans is forecast to grow by $28 billion in 2010, experts said on Wednesday, and the wealthy are happy despite most believing the United States is still in recession.The "Survey of Affluence ...
Charity begins at the ATM: UK ponders plan to ask for donations each time banks give out cashPlease take your cash. Now how about giving some money to charity?Britain's government said Wednesday it is considering plans to request a donation to good ...
Spaniards are cutting back on food and gifts this year as an economic downturn grinds on but ticket sales for an annual Christmas lottery have bucked the trend as they look to the world's biggest payout for relief from the crisis.The State ...