"ECONOMY" in the News

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Mon, 01 Dec 2008 16:07:19 -0500
Obama names Clinton, Gates to lead foreign policy
CHICAGO (Reuters) - U.S. President-elect Barack Obama named former rival Hillary Clinton as secretary of state on Monday and said Robert Gates would remain defense secretary in a national security team charged with recasting America's leadership role in the world.

Mon, 01 Dec 2008 16:14:30 -0500
Stocks ends lower on economic worry
NEW YORK (Reuters) - Stocks tumbled on Monday as news pointing to the deepening economic slump around the world erased the bulk of last week's sharp gains, with financial services companies and retailers among Wall Street's biggest casualties.

Mon, 01 Dec 2008 15:54:33 -0500
India demands Pakistan act decisively on Mumbai attack
MUMBAI (Reuters) - India demanded Pakistan take decisive action over deadly attacks in Mumbai it said were carried out by militants from its nuclear-armed rival, while the West urged cooperation to ease tension.

Mon, 01 Dec 2008 14:50:31 -0500
Bush calls flawed Iraq intelligence biggest regret
WASHINGTON (Reuters) - President George W. Bush said the biggest regret of his presidency was flawed intelligence that Iraq had weapons of mass destruction and told ABC "World News" in an interview airing on Monday that he was unprepared for war when he took office.

Mon, 01 Dec 2008 14:40:46 -0500
U.S. in recession as Europe debates spending hikes
WASHINGTON (Reuters) - The U.S. economy has slumped into a recession, the nation's business cycle arbiter declared on Monday, while European leaders clashed over how much public money to spend tackling a deepening downturn.

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Mon, 01 Dec 2008 20:47:00 GMT
It's official: US economy in a recession - Arizona Daily Star
WASHINGTON – The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER — a private, nonprofit research organization — said its group of academic economists who determine ...
Mon, 01 Dec 2008 21:01:00 GMT
Black Friday fails to impress Wall Street - Los Angeles Times Blogs
Wall Street’s verdict on Black Friday is in, and it’s ominously reminiscent of the Steely Dan song of the same name: “When Black Friday comes, I’ll stand down by the door, and catch the gray men when they dive from the 14th floor.” Pretty ...
Mon, 01 Dec 2008 20:11:00 GMT
Opec to decide on ‘major’ cut - Gulf Times
TEHRAN: Organisation of Petroleum Exporting Countries will decide on a “major” output cut later this month if it deems the oil market to be deteriorating, Opec’s secretary general said yesterday. “If we see the market is deteriorating we will ...
Mon, 01 Dec 2008 21:01:00 GMT
Thousands of foreigners stranded in Thailand - Yahoo News
BANGKOK, Thailand – Thailand 's prime minister stayed away from the capital Monday, unable to quell a political crisis that has paralyzed his government for weeks and shut down the city's two main airports and stranded 300,000 foreigners. Prime ...
Mon, 01 Dec 2008 20:32:00 GMT
Gates to stay as Pentagon chief with new mission from Obama - WSFA
CHICAGO (AP) - Robert Gates says it's "a profound sense of personal responsibility" to American troops and their families that persuaded him to agree to stay on as defense secretary. President-elect Barack Obama today announced Gates would remain in ...

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Mon, 01 Dec 2008 21:30:08 GMT
Bush calls flawed Iraq intelligence biggest regret
President George W. Bush said the biggest regret of his presidency was flawed intelligence that Iraq had weapons of mass destruction and told ABC "World News" in an interview airing on Monday that he was ...
Mon, 01 Dec 2008 21:30:04 GMT
Think Local First for a Stable Economy Buy Local Week Is December 1-7
December 1, 2008 - The Local First movement, steadily gaining popularity in communities across North America, may turn out to be the guardian angel of independent retailers this holiday season.
Mon, 01 Dec 2008 21:29:57 GMT
Sanchez's column: Immigrants offer a solution...
Among the more promising candidates nominated Monday for President-elect Barack Obama 's Cabinet was Arizona Gov.
Mon, 01 Dec 2008 21:29:43 GMT
Illinois budget troubles raise plenty of questions
Illinois government faces a budget crisis. A big one. The deficit is growing, bills are piling up, state services are being cut and officials have no easy ways of cleaning up the mess.
Mon, 01 Dec 2008 21:29:37 GMT
Economy in official recession
The economy slipped into recession in December 2007, the National Bureau of Economic Research, the prestigious private research institute that is regarded as the arbiter of U.S. recessions, declared on Monday.

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