WASHINGTON, December 15 (Reuters) – A growing number of families in the United States are struggling to put food on the table as poverty rises in major cities, a new survey showed on Thursday. The U.S. Conference of Mayors’ 2011 hunger and homelessness survey [pdf] found all but four of the 29 cities surveyed reported […]
WASHINGTON, December 15 (AP) – 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 that’s shrinking as unemployment stays high and the government’s safety […]
By William Pesek 13 December 2011 Want to know why Japan’s earthquake recovery efforts are moving in slow motion? Ask the whales. Tokyoites have grown accustomed to shocking news items since the earth shook and the oceans rose: the nuclear meltdown has proven far worse than the government admitted; radioactive cesium made its way into […]
By James Kirkup, Deputy Political Editor25 November 2011 As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible. Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from […]
November 26 (profi-forex.us) – Nouriel Roubini, an American economist and a Nobel Prize winner in economics, became world-famous after forecasting the latest global economic crisis. His opinion is respected around the world. In his recent article published in The Financial Times, Mr. Roubini says the eurozone may collapse. Actually, this is not the first time […]
Hubbert said, “The third curve (on the left) is simply the mathematical curve for exponential growth. No physical quantity can follow this curve for more than a brief period of time. However, a sum of money, being of a nonphysical nature and growing according to the rules of compound interest at a fixed interest rate, […]
By Steven Church, William Selway, and Dawn McCarty 9 November 2011 Jefferson County, Alabama, filed the biggest U.S. municipal bankruptcy after an agreement among elected officials and investors to refinance $3.1 billion in sewer bonds fell apart. The county, home to Birmingham, the state’s most-populous city, listed assets and debt of more than $1 billion […]
By HOPE YEN, Associated Press 7 November 2011 WASHINGTON (AP) – The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by […]
By Tsuyoshi Inajima and Yuji Okada4 November 2011 Tokyo Electric Power Co. won approval for a 900 billion yen ($11.5 billion) bailout from the government after the Fukushima nuclear catastrophe to avert bankruptcy and start paying compensation for the crisis. Trade and Industry Minister Yukio Edano approved the support after the company known as Tepco […]
By Christopher S. Rugaber, AP Economics Writer5 November 2011 WASHINGTON (AP) – The jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer receiving unemployment benefits. Early last year, 75 percent were receiving checks. The figure is now 48 percent – a shift that […]
