October 10th, 2008
On Wednesday (9/24/08), President Bush scared the Bejesus out of the Nation, as he urged Congress to support his $700-billion plan to bailout Wall Street and take quick action. He said the country was facing a “serious financial crisis” and risked a “long and painful recession” if Congress failed to pass his proposal. Voters were [...]
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October 8th, 2008
The initial figure for the government proposed banking bailout jumped from $700 billion to $1.8 trillion literally overnight. The source of the unprecedented price tag comes from Reuters, the worlds leading source for intelligent information to top decision makers in the financial, legal, tax, accounting, scientific, healthcare and media markets.
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October 1st, 2008
Economists usually define a recession as the point where a country’s GDP (Gross Domestic Product) has declined for two or more consecutive quarters. Rising energy & food bills, stock market volatility, job loss reports growing higher, a crisis in the housing and fuel market as well as inflationary pressures on the dollar all point towards [...]
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