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US recession began in December 2007’ - Daily Times
WASHINGTON: The US 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 business cycles ...

Stock & fund quotes - ninemsn
The Reserve Bank has delivered an early Christmas present to homeowners by cutting official interest rates by 1 percent, taking the cash rate to its lowest since December 2001. A 100 basis point cut shaves $221 off the monthly repayment on a $350,000 ...

UPDATE 2-US GAO: critical issues not yet addressed in TARP - Forbes
WASHINGTON, Dec 2 (Reuters) - The $700 billion financial industry rescue package being administered by the U.S. Treasury Department has 'yet to address a number of critical issues,' according to a draft report by Congress' investigative body. The ...

Some of the quotes from this speech include: - Huffingtonpost.com
"I would like somebody who knows about a bunch of stuff that I'm not as expert on. I think a lot of people assume that might be some sort of military thing to make me look more Commander-in-Chief-like. Ironically, this is an area--foreign policy is ...

Hong Kong shares end morning up; 3G telecom gear makers jump-UPDATE - Forbes
HONG KONG (XFN-ASIA) - Share prices finished the morning higher as large-caps including HSBC and China Mobile were snapped up by bargain hunters following a rally on Wall Street after the Federal Reserve extended the terms of three emergency loan ...

A housing disaster foretold - ScrippsNews
Hindsight, it is said, is always 20-20; it can also be depressing. There were ample warnings in 2005 and 2006 that the housing market was headed for the rocks because of excessively risky mortgage financing. While that crisis might not have been ...

Czech Republic - Factors To Watch on Nov 26 - Reuters
LUXEMBURG - ECM Real Estate Investments (ECMPsp.PR: Quote , Profile , Research , Stock Buzz ) to release nine-month results after markets hours. Conference call at 1530 GMT. Related news: [RTRS-LEN-CZ-RES] PRAGUE - Conference "Central & Eastern ...

Online Content: Trading Analog Dollars For Digital Pennies - Seekingalpha.com
Jeff Zucker, head of NBC Universal, was famously quoted earlier this year warning that the media industry had to work so "that we do not end up trading analog dollars for digital pennies." It's a great line and an even better observation. But I think ...

US Diluted Loan Rules Before Crash - Common Dreams
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

"May we live in interesting times" - Denver Post
"May you live in interesting times" is supposed to be an ancient Chinese curse, but I can't find evidence that the saying is Chinese at all, much less that it's ancient. One of the earliest reliable citations seems to be a 1950 short story by the ...