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	<title>Global Crisis News &#187; great depression</title>
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		<title>U.S. unemployment rate hits 26-year high</title>
		<link>http://www.globalcrisisnews.com/usa/us-unemployment-rate-hits-26-year-high/id=761/</link>
		<comments>http://www.globalcrisisnews.com/usa/us-unemployment-rate-hits-26-year-high/id=761/#comments</comments>
		<pubDate>Sun, 05 Apr 2009 08:38:13 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[USA]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[job cuts]]></category>
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		<category><![CDATA[layoffs]]></category>
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		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=761</guid>
		<description><![CDATA[The U.S. unemployment rate hit a 26-year high in March as employers cut a whopping 633,000 jobs. According to the U.S. Labor Department already 2 million jobs have been lost this year and over 5 million since the beginning of 2008 leaving a total of 13.2 million U.S. citizens jobless. The unemployment rate is now the [...]]]></description>
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		<title>Worst crisis in 100 years says UK politician</title>
		<link>http://www.globalcrisisnews.com/general/worst-crisis-in-100-years-says-uk-politician/id=420/</link>
		<comments>http://www.globalcrisisnews.com/general/worst-crisis-in-100-years-says-uk-politician/id=420/#comments</comments>
		<pubDate>Tue, 10 Feb 2009 11:11:38 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[1930s]]></category>
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		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=420</guid>
		<description><![CDATA[The UK Children&#8217;s and Schools secretary Ed Balls, has warned that the world is facing its worst recession in over a century, surpassing even the Great Depression of the 1930s. This is the darkest prediction yet made by a government minisiter, stating that the recession today will still be felt 15 years from now. Balls [...]]]></description>
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		<title>UK recession: it&#8217;s official</title>
		<link>http://www.globalcrisisnews.com/europe/uk-recession-its-official/id=272/</link>
		<comments>http://www.globalcrisisnews.com/europe/uk-recession-its-official/id=272/#comments</comments>
		<pubDate>Fri, 23 Jan 2009 21:51:21 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[Europe]]></category>
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		<category><![CDATA[top stories]]></category>
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		<category><![CDATA[UK]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=272</guid>
		<description><![CDATA[Analysts annouced Friday that Britain has officially slipped into recession. Latest figures suggest that the last quarter saw the worst quarterly contraction since 1980. In the last three months of the fourth quarter in 2008, the British economy contracted by 1.5%. This makes it the worst performance in over 28 years, according to the Office [...]]]></description>
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		<title>Economic crisis threatens exports and growth</title>
		<link>http://www.globalcrisisnews.com/general/economic-crisis-threatens-exports-and-growth/id=218/</link>
		<comments>http://www.globalcrisisnews.com/general/economic-crisis-threatens-exports-and-growth/id=218/#comments</comments>
		<pubDate>Mon, 19 Jan 2009 11:31:38 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[General]]></category>
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		<category><![CDATA[2010]]></category>
		<category><![CDATA[america]]></category>
		<category><![CDATA[Asian Development Bank]]></category>
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		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=218</guid>
		<description><![CDATA[As the global economic crisis takes its toll on countries around the globe. as well as their automakers, banks, construction and property firms, the latest victim of the economic crisis is world trade. Last month the World Bank predicted a two percent decrease this year &#8211; the largest drop since the nineteen forties. With such [...]]]></description>
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		<title>2008 a crisis of superlatives, 2009 doomed to follow those steps?</title>
		<link>http://www.globalcrisisnews.com/general/2008-a-crisis-of-superlatives-2009-doomed-to-follow-those-steps/id=184/</link>
		<comments>http://www.globalcrisisnews.com/general/2008-a-crisis-of-superlatives-2009-doomed-to-follow-those-steps/id=184/#comments</comments>
		<pubDate>Tue, 06 Jan 2009 13:05:09 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
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		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=184</guid>
		<description><![CDATA[For most citizens around the globe, the year 2008 was a year of record proportions. Unfortunately, the records that were broken were all on the negative side. On Nov. 20 the S&#38;P 500 Index dropped to 752, the worst close since it hit 744 in 1997. The unemployment rate in the U.S. hit its highest [...]]]></description>
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		<title>2008 sees gigantic drop in the US stock market</title>
		<link>http://www.globalcrisisnews.com/usa/2008-sees-gigantic-drop-in-the-us-stock-market/id=164/</link>
		<comments>http://www.globalcrisisnews.com/usa/2008-sees-gigantic-drop-in-the-us-stock-market/id=164/#comments</comments>
		<pubDate>Mon, 29 Dec 2008 12:59:36 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[USA]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[depression]]></category>
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		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=164</guid>
		<description><![CDATA[The year 2008 is coming to an end. The two most memorable events this year that will probably go down in history books include the first black President in US history and the colossal losses in the US stock market. In 2008 the US stock market experienced on of the biggest ever stock market drops [...]]]></description>
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		<title>World faces &#8220;total&#8221; financial meltdown</title>
		<link>http://www.globalcrisisnews.com/general/world-faces-total-financial-meltdown/id=156/</link>
		<comments>http://www.globalcrisisnews.com/general/world-faces-total-financial-meltdown/id=156/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 09:01:49 +0000</pubDate>
		<dc:creator>GlobalCrisisNews.com</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[confidence]]></category>
		<category><![CDATA[economic crisis]]></category>
		<category><![CDATA[financial meltdown]]></category>
		<category><![CDATA[global crisis]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[vicious circle]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=156</guid>
		<description><![CDATA[The AFP reports on the interview the governor of the Bank of Spain held with El Pais on Sunday: &#8220;The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a &#8220;total&#8221; financial meltdown unseen since the Great Depression. The article goes on to [...]]]></description>
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