Washington, October 22 -- The Obama administration plans to cut the pay packages of 25 top executives of companies that received billions of dollars during the government bailouts.
Seattle, October 20 -- If technology companies are being predicted to sail the economy out of this recession, then Apple is sure at the helm of things.
New York, October 8 -- The only industry not being effected by the economic recession is pharmaceuticals, which might cross the $800 billion mark next year.
Washington, October 4--The controversial movie maker Michael Moore of the Fahrenheit 9/11 fame is out with his new documentary "Capitalism: A Love Story", and it seems every bit as contentious as his former works.
Istanbul, October 4: France and the U.K. have pledged to loan the International Monetary Fund (IMF) $4 billion at low interest rates to assist the Washington-based lender finance poor countries hit hard by the current economic recession.
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Washington, September 20 -- In a latest interview aired on Sunday, President Barack Obama said that there are positive indicators that the country’s economy is beginning to recover. But he did add that there still may not be enough jobs created until next year.
Washington, September 16 -- The recession blues might be finally nearing their end. According to the Federal Reserve chairman, Ben S. Bernanke, it is “very likely” that the recession is over, but it will take several more months before unemployment rates come down considerably.
New York, September 14 -- Marking the first anniversary of the collapse of Lehman Brothers, President Barack Obama heads to New York today, to outline changes required to prevent a financial crisis in future.