Tag archive for ‘USA’
By Andrea Sono On Monday, November 22nd, 2010

Millions of Americans to Lose Unemployment Benefits

800,000 Americans are set to lose all their unemployment benefits by the end of the month, a figure which is set to soar to 2 million by the end of the year as The House of Representatives voted against a bill More...

By Michael Walsh On Thursday, November 4th, 2010

Is the U.S. Dollar Finished?

A remarkable consortium of six nations gathered last year in the Russian city of Yekaterinburg. Its purpose was to plan a strategy to replace the U.S. dollar as the world’s reserve currency. The Shanghai Corporation More...

By Rajat Anand On Monday, December 7th, 2009
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Unspent TARP money to be used for jobs: Obama

Barack Obama, President of the United States of America, has said that the unspent funds from the bailout for the financial industry may be used to accelerate the growth of jobs in the country. The President is More...

By Rajat Anand On Friday, November 6th, 2009

US jobless rate at 26 year high, crosses 10 percent mark

Unemployment in the US increased more than expected last month to record a 26 year high as employers continued to cut jobs, showing signs that that the struggle in the labor market carries on as the country’s More...

By Rajat Anand On Friday, October 23rd, 2009

US Economy: 531, 000 new jobless claims reported

In the U.S. this week, 531,000 new claims were filed by people seeking unemployment insurance. The figure was significantly higher than the 515,000 claims estimated by the economists. The claims reported this week More...

By Rajat Anand On Saturday, October 17th, 2009

Despite drop in sales, IBM posts stronger earnings than anticipated

On Thursday, International Business Machines (IBM) came out with its results for the third-quarter in which it posted a 14% increase in net income over last year, with the figure this year rising to $3.2 billion. The More...

By Rajat Anand On Friday, October 16th, 2009

US Economy: Rise in Consumer Prices slows while manufacturing expands

According to reports by the Labor Department, consumer prices in the U.S. have increased by 0.2 percent in September. The figure shows a slight decrease from the figure of 0.4 percent in August. On the other hand, More...

By Adrian Santana On Thursday, August 6th, 2009

U.S. Initial Jobless Claims Drop To 550,000

The number of Americans filing new claims for jobless benefits fell more than expected in the week ending August 1st by 38,000 to 550,000 according to the U.S. Labor Department. On the other hand the number of More...

By Adrian Santana On Wednesday, April 29th, 2009

U.S. GDP contracts 6.1 per cent 1Q

The U.S. economy has contracted 6.1 per cent in the first quarter as the U.S. Commerce Department’s latest report unveiled on Wednesday. The drop in GDP comes despite rising consumer spending. The falling More...

By Adrian Santana On Thursday, April 16th, 2009

Global financial crisis and currency war

As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The More...