economic crisis News

economic crisis News From AOL News

Opinion: Bankruptcy Is Not an Option

Most American governors and mayors, whether Democratic or Republican, are faced with the daunting task of balancing their budgets after a long and deep recession and a sluggish economic recovery. And increasingly, they are considering declaring bankruptcy as a way out. Indeed, the B-word is being discussed in...

Bernanke Warns High Oil Prices Could Threaten Economy

WASHINGTON -- Federal Reserve Chairman Ben Bernanke told Congress Tuesday that a prolonged rise in oil prices would pose a danger to the economy. But he said a more likely outcome is a temporary and modest increase in consumer prices - not runaway inflation. Bernanke, in prepared testimony to the Senate Banking Committee,...

High Gas Prices Rattle Drivers and Businesses

NEW YORK -- High fuel prices are putting the squeeze on drivers' wallets just as they are starting to feel better about the economy. They're also forcing tough choices on small-business owners who are loathe to charge more for fear of losing cost-conscious customers. Gasoline prices rose 4 percent last week to a national...

Economy Ends 2010 on Strong Note, Federal Reserve Says

WASHINGTON -- The U.S. economy ended last year on an encouraging note, with all parts of the country showing improvements. Factories produced more, shoppers spent more and companies hired more. All those signs point to a stronger economy in 2011. That's the picture that emerges from the Federal Reserve's survey of...

Corporate Profits Soar to Record Levels, but Little Evidence of Trickle Down Yet

(Nov. 23) -- When it comes to the nation's economy, is the glass half full or half empty? On Tuesday, the U.S. Department of Commerce revised its figures for how fast the nation's economy grew in the third quarter. GDP measured 2.5 percent, up 0.3 percentage points from the original estimates of 2.2 percent. A range of...

economic crisis News From the Web

05/31/12 Belarus economic crisis Source: RIA Novosti - Russia The EurAsEc, a regional economic grouping of ex-Soviet republics led by Russia, has approved the disbursement of a second tranche worth $440 million to crisis-hit Belarus, Russia's acting Finance Minister Anton Siluanov said on Monday.
03/05/12 Economics in the Crisis Source: Economist's View ...In what follows I will talk first about the general role of economics in times of crisis.
10/10/11 Prepare for global economic crisis Source: The Jakarta Post - Indonesia There have been several early indicators that the global economic crisis has impacted negatively on the Indonesian economy.
10/10/11 Opportunities from the economic crisis Source: Malta Today
10/08/11 Economic crisis â the new normal Source: Taipei Times Billions of dollars were wiped off the value of shares in London on Tuesday.

Background on economic crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value.

more at wikipedia »