In an unprecedented move five major central banks of rich nations including the Bank of England, the US Federal Bank, European Central Bank and the central banks of Canada and Switzerland have come together to inject new money into the global economy to ease the financial crunch that is threatening [...]
Posts Tagged ‘recession’
February 2nd, 2012 - 6:40 am § in News Of Economy
Five central banks unite to inject cash into the global econom
January 30th, 2012 - 6:40 am § in News Of Economy
The US depression
With the vast oil reserves of Iraq at its disposal and having acquired supremacy over the world, US faces the worst recession this year with the prices of commodities rising every day. The food assistance program recorded the highest increase with 28 million people using food stamps to buy food. The[...]
January 25th, 2012 - 6:36 am § in News Of Economy
US – Huge job loses put recession in focus
This is certainly a bad news for the whole world as employers in the U.S cut the most workers in five years last months. According to the Labor department in U.S, employment fell by 80,000 jobs in March 2008. So it is the lay offs in five years. Some economists have now convinced that the [...][...]
January 24th, 2012 - 6:35 am § in News Of Economy
US – Who will ultimately bear the cost of recession?
After the US financial institutions created a sub-prime lending mess by giving easy loans to unscrupulous borrowers that resulted in a credit crunch sliding the economy into recession, discussions are now underway on how to stem the current crisis. The free-market capitalist US economy is now depend[...]