Cuts in government spending push economy to edge of another downturn
San José, CA - On July 29, the Commerce Department released its report on Gross Domestic Product or GDP for the Second Quarter (April to June) of 2011. GDP, which measures the value of goods and...
View ArticleS&P downgrades U.S. government bonds, stock market tanks
San José, CA - On August 5, Standard and Poors, commonly known as S&P, downgraded U.S. government bonds from the highest rating AAA to the second-highest AA+. At the same time the S&P called...
View ArticleRisk of another downturn rises
San José, CA - In a sign that the economy is on the edge of another downturn, the Labor Department reported on Sept. 2 that there was no gain in jobs in August. Not counting last summer when there were...
View ArticleU.S. economic stagnation continues three years after financial crisis of 2008
The U.S. economy continues to stagnate with almost no economic growth or job creation more than three years after the great financial crisis of 2008 and more than two years after the recession...
View ArticleUnited States entering a new recession?
On Sept. 30, the Economic Cycle Research Institute (ECRI) publicly stated that the United States economy was tipping into a new recession. This adds to the growing evidence of a serious slowdown in the...
View ArticleWorse to come as layoffs continue
San José, CA - The latest report by the Department of Labor on unemployment insurance applications shows that the tide of layoffs continues. But this week, major U.S. corporations announced even more...
View ArticleMore signs of weaker economy point to a ‘double-dip’ recession
San José, CA - Last week the U.S. economy showed more signs of weakness as retail sales in November fell for the second month in a row and new claims for regular state unemployment insurance and the...
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