Tag Archives: Unemployment

Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move

“They are at the end of their rope and are probably searching for every last option for what they can do,” said Michael Feroli, chief U.S. economist at JPMorgan Chase & Co. in New York  and a former economist for … Continue reading

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Census: 1 In 2 Americans Is Poor Or Low-Income

Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class … Continue reading

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Steady Decline in Major Crime Baffles Experts

The New York Times writes: The number of violent crimes in the United States dropped significantly last year, to what appeared to be the lowest rate in nearly 40 years, a development that was considered puzzling partly because it ran … Continue reading

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Forty-eight percent say that another Great Depression is likely to occur in the next year

In a recent CNN poll, forty-eight percent say that another Great Depression is likely to occur in the next year – the highest that figure has ever reached. “The poll reminded respondents that during the Depression in the 1930s, roughly one … Continue reading

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U.S. crime falls despite prolonged recession

Reuters reports: U.S. law enforcement agencies are reporting a surprising drop in crime last year, with homicide rates in some major cities plunging to levels not seen in four decades, despite a deep and prolonged recession. Falling crime in urban … Continue reading

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