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  Recession
Last updated: 17:40:21 Thursday Dec 4, 2008


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  • Recession-hit Americans flocking to movies
    NEW YORK - True to form and in keeping with past recessions, Americans are flocking to the movies, the chief executive of the largest U.S. theater chain said on Wednesday.   Activities:2008 Global Recession   2008-12-04

    Employers announce a combined 20,000 jobs cuts
    A round of more than 15,000 layoffs announced Thursday by AT&T Inc., DuPont and Viacom Inc. suggests a yearlong wave of job cuts is accelerating, just as the government is expected to report a higher unemployment rate for November on Friday.   Activities:2008 Global Recession   2008-12-04

    Democrats: Obama needs hands-on economic approach
    WASHINGTON - Democrats are growing impatient with President-elect Barack Obama's refusal to inject himself in the major economic crises confronting the country. Obama has sidestepped some policy questions by saying there is only one president at a time. But the dodge is wearing thin.   People:Christopher Dodd Henry Paulson Carl Levin Barack Obama   Activities:Obama Admin. 2008 Global Recession   Source:(AP)   2008-12-04

    AT&T, others slash jobs as aid hits 26-year high
    WASHINGTON (AFP) - Major US companies like AT&T and DuPont unleashed a new wave of layoffs Thursday amid a deepening recession that has swollen government unemployment aid to a 26-year high.   People:Barack Obama   Activities:2008 Global Recession   2008-12-04

    BoE cuts interest rates, ECB decision due shortly
    LONDON - The Bank of England has slashed official interest rates by 1 percentage point, bringing the rate down to 2 percent, as it attempts to ward off a prolonged recession.   Nations:U.K.   Activities:2008 Global Recession   Source:(AP)   2008-12-04

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    [2008 Automakers Downturn]: Carmakers' bailout pleas hit Senate skepticism (18:41 12/4)

    [110th Congress]: Carmakers' bailout pleas hit Senate skepticism (18:41 12/4)

    [2008 Mumbai Terror Attack]: India names Pakistani masterminds, date plot to 07 (18:41 12/4)


    [India-Pakistan]: India names Pakistani masterminds, date plot to 07 (18:41 12/4)

    [2008 Global Recession]: Recession-hit Americans flocking to movies (17:41 12/4)


    [2007-8 Oil Crisis]: Oil hits near 4-year low on weak economic news (06:40 12/4)


    [Pakistan-U.S.]: Pakistan moves up US priority list (18:41 12/4)

    [U.S. Foreclosure Crisis]: Bernanke wants more action to curb foreclosures (18:41 12/4)

    [Israel-Palestine Conflict]: Israeli soldiers drag settlers out of Hebron house (18:41 12/4)

    [US Election 2008]: Clinton scrambles to reduce campaign debt (18:41 12/4)




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