Economic Crisis

1-17 of 41 results

NC jobless rate bumps up to 11 percent in October

AP News 2 days ago

NC jobless rate stuck in double digits most of year rises slightly to 11 percent in October North Carolina's unemployment rate rose slightly to 11 percent in October, a fraction off its historic peak earlier this year and the ninth straight month ...

Dollar rallies as traders avoid risky deals

AFP American Edition 2 days ago

The dollar rallied on Friday as investors shunned assets viewed as risky, such as the euro, amid fresh concerns about the strength of global economic recovery, analysts said. In late morning trading here, the euro sank to 1.4876 dollars from 1.4922 late ...

Trichet warns banks risk addiction to support

Reuters US Online Report Business News 2 days ago

FRANKFURT (Reuters) - Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday. Financiers from the head ...

Asia airlines emerge from slump: industry body

AFP Global Edition 2 days ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the worst ...

Asia airlines stem decline, says aviation body

AFP Asian Edition 2 days ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said on Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the ...

Asia's airlines stem decline: aviation body

AFP Asian Edition 2 days ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the worst ...

Deflation returns to Japan as rates stay low

AFP Global Edition 2 days ago

Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation. Concerns are mounting that a long bout of ...

Japan maintains super-low interest rates

AFP Global Edition 2 days ago

Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation. Concerns are mounting that a long bout of ...

Deflation major issue for Japan: finance minister

AFP Global Edition 2 days ago

Japan's finance minister voiced strong concern Friday about deflation in the world's number two economy, saying the price drops are a major challenge for policymakers. "The recent price falls are not right, and worrisome. This is one of the major policy issues ...

THE HIGH COST OF BLIND FAITH IN THE MARKET

BusinessWeek 3 days ago

THE HIGH COST OF BLIND FAITH IN THE MARKET How Markets Fail: The Logic of Economic Calamities By John Cassidy Farrar, Straus 390 pp.; $28 Economist John Maynard Keynes had a weakness for rhetorical flourishes. At the end of his classic The ...

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