Highlights
A collection of news and information related to Money and Monetary Policy published by Tribune Company sources.
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It's official: It's a recession
Associated PressIt's official. The U.S. economy has been in a recession for the past year. The start of the downturn was announced yesterday by the National Bureau of Economic Research. The NBER - a private, nonprofit research organization - said its group of...Tags: Heads of State, Government, Financial Markets, Economy, Business
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Year-old recession just getting started
Washington BureauIt's official, if not exactly surprising: The U.S. economy is in recession, declining instead of growing stronger, and it has been for almost a year. What's more, the slide may continue well into next year or even beyond, challenging government...Tags: Heads of State, Government, Economy, Philosophy, Barack Obama
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U.S. Economy Officially In A Recession
Los Angeles TimesIt's official, if not exactly surprising: The U.S. economy is in recession, declining instead of growing stronger - and it has been for almost a year. What's more, the slide may continue well into next year or even beyond, challenging government policy-...Tags: Heads of State, Government, Economy, Philosophy, Barack Obama
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Japan central bank to hold extra meeting Tuesday
TOKYO (AP) _ Japan's central bank will hold an unscheduled monetary policy meeting Tuesday afternoon to discuss ways to help companies raise money amid a pullback among lenders. Bank of Japan Gov. Masaaki Shirakawa called the meeting Monday after...Tags: Economic Policy, Central Bank, Loans
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UK government says it's not considering joining the euro
LONDON (AP) _ The British government is not considering adopting the euro currency, despite a statement by the head of the European Commission, Prime Minister Gordon Brown's spokesman said Monday. Spokesman Michael Ellam's statement came in response to...Tags: Heads of State, Foreign Exchange Market, Government, Market and Exchange, Gordon Brown
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European Central Bank, Bank of England under pressure to cut aggressively amid deepening gloom
AP Business WriterLONDON (AP) _ The European Central Bank and the Bank of England are under mounting pressure to cut interest rates aggressively this week amid signs that the economic slump will be deeper and more prolonged than previously expected. While many observers...Tags: Economic Policy, European Union, Inflation and Deflation, Economy, Business
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British manufacturing output contracts at record pace in November as new orders collapse
AP Business WriterLONDON (AP) _ British manufacturing activity contracted at a record pace during November as new orders collapsed, a closely-watched survey found Monday, stoking expectations that the Bank of England may slash its benchmark interest rate by a full... -
Hollywood will not make Illinois rich
Illinois has joined the chorus line of states auditioning for the film industry with subsidies and tax credits, hoping to win a role in Hollywood's production schedule and boost the local economy with new jobs. Although at least 30 other states are...Tags: Movies, State Budgets, Economic Policy, Illinois, Credit and Debt
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Restoring the flow of credit to entrepreneurs
The credit crunch looks like an espresso machine. At least it does to Michael McDonald, who is trying to open a coffee shop near UC Santa Barbara next month but just heard that his funding had evaporated for an equipment leasing deal. McDonald needs...Tags: Consumers, Financial Markets, Business, Derivative Securities, Credit Ratings
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Rich Leonard: Let bankruptcy judges modify home mortgates
I watched a middle-aged widow lose her home recently. Her story was familiar. She owned her simple brick residence outright until four years ago, when a mortgage broker stopped by and offered her a loan too good to be true. In exchange for taking on a...Tags: North Carolina, Constitutional Issues, Lehman Brothers Holdings Incorporated, Parliament, Court Administration
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Delay of game? Orlando leaders play catch-up on venues financing
Sentinel Staff WritersRenovation of the aging Florida Citrus Bowl stadium won't begin until at least 2010 -- a year late -- and may have to wait even longer, Orlando officials acknowledge. A global credit crunch has made the sale of a bond issue almost impossible, they say....Tags: Orlando International Airport, State Budgets, Financial Markets, Citrus Bowl, Hotels and Accommodations
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Economics teachers see a boon in the bust
Associated PressStocks are down, down, down. But student interest in economics appears to be trending upward. The financial crisis has made "the dismal science" more relevant and immediate to many high school and college students, and they are suddenly paying closer...Tags: Financial Markets, Schools, Colleges and Universities, Federal Reserve, Basketball
Dec 2, 2008
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Nov 28, 2008
|Story| Allentown Morning Call
Nov 30, 2008
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|Story| Baltimore Sun
