(ChinaPost.com.tw) – The global airline industry will take at least three years to recover after the worst recession in six decades hurt travel demand, said Giovanni Bisignani, chief executive of the International Air Transport Association.
Tom Schumacher submits:The US economy in the fourth quarter expanded at the fastest rate in nearly six years, at 5.7% annualized. Before we jump out of our seats with joy, it might be worthwhile to take a deeper look into these numbers. The huge jum…
Tom Lindmark submits:Henry Blodget has a good post with a couple of great graphs addressing the trends in federal revenues and expenditures. I’ll borrow the graphs and then offer a couple of comments: Complete Story »
Wages and benefits paid to U.S. workers posted a modest gain in the fourth quarter, ending a year in which recession-battered workers saw their compensation rise by the smallest amount on records going back more than a quarter-century. The anemic ga…
Bank may echo US warnings over future rise in ratesThe Bank of England is poised to follow the US by warning high street banks of the new risks they face from future rises in interest rates and the current upheaval in the bond markets.Deputy Bank of England governor Paul Tucker has admitted that UK authorities [...]
(ChinaPost.com.tw) – Unemployment hit 10 percent in Europe on Friday, amid rising inflation and a weakened euro currency according to new data that shows recession-mired Spain bearing the brunt of a jobless recovery.
(ChinaPost.com.tw) – Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while othe…
James Picerno submits: Unemployment in Europe is now at 10%, matching the jobless rate in the U.S.Does this undermine the argument in favor of European-style bigger government that’s more proactive in trying to minimize the perceived limits of capit…
The deep recession that hung over the nation in 2009 has led to new tax credits and deductions — attempts by Congress to boost consumer spending and get the economy moving.
As the recession just about finishes, readers raise issues on unemployment, ITV’s latest appointment and Davos discussions, as opposed to glasses of bubblyPut down that champagne flute, because it isn’t over yet, came the almost unanimous view of bloggers this week.”Well, break out the Tesco value cider,” was the best VincentBlackShadow could offer on hearing [...]