Wednesday, April 7, 2010 as of 11:14 AM ET
In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies.
Read More at Wikipedia ›The weak May unemployment report presents President Barack Obama with a sobering reminder that his stewardship of a gradual recovery from the deepest recession since the Great Depression presents a tenuous argument for his re-election.
Anemic job growth and an uptick in joblessness to 8.2 percent also give new resonance to Republican presidential rival Mitt Romney's campaign and puts Obama on the defensive after a winter when the jobs trends were in his favor.The jobs numbers, issued every four weeks from a spare, windowless room in the heart of the federal bureaucracy, are setting the battle lines for the presidential election.As this year's dominant economic barometer, they are a baseline from which to gauge Obama's and Romney's political fortunes in an election that rides on the pace of a post-recession recovery.Romney, responding to the first jobs numbers released since he clinched the GOP presidential nomination, called the figures "devastating news.""It seems like we've been movin...A top Argentine official denied on Friday that the government plans to devalue the peso amid rumors that drastic official actions are looming."We are not going to ta...
Precious medal's prices slid sharply in May
As we celebrated Memorial Day last weekend and remembered those who made the ultimate sacrifice to protect our freedom, many Americans spent the day with their famil...
Your 401(k) could sink again. A plummeting euro may make it harder for American companies to sell goods overseas. Credit could be tightened.These are all potential c...
FDR's secret weapon
TITLE: BasketballLENGTH: 60 seconds (A 30-second version also is airing.)AIRING: Network affiliates in Colorado, Florida, Iowa, Michigan, North Carolina, New Hampshi...
They won the greatest war in history, and not just on the battlefield.They won Medals of Honors (many posthumously), Navy Crosses and Purple Hearts–but also E's for ...
Talking Points 5/22
Talking Points 5/22
Spain has announced it will pour €19 billion into troubled real estate lender Bankia, SA. Even with the €20 billion in aid already dispensed to financial institution...
Jim Pinkerton weighs in on the media’s rationalizing the media’s focus on Romney’s wealth
New fallout after NATO summit protests lead to 100 arrests
Nothing upsets a president's re-election groove like ugly economic numbers.A spring slowdown in hiring and an uptick in the unemployment rate are weighing on Barack ...
Methinks the vice president doth exaggerate too much."I think I can say . . . no president, and I would argue in the 20th century and including now the 21st century,...
With two consecutive months of dismal job growth amid rising unemployment -- and just five months until Americans go to the polls to choose their next president -- t...
WH reacts to low job numbers
Political implications of latest report
House Speaker John Boehner joined Mitt Romney and other Republicans in expressing concern about the bleak May unemployment report released Friday, saying "Americans ...
The economy added only 69,000 jobs in May—only about half of what is needed to keep up with natural population growth. The unemployment rate rose to 8.2 percent. In ...
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