All posts tagged "credit"

(David Mansdoerfer) – Just moments ago, the market closed down over 600 points to close below 11,000 – its worst one-day loss since December 2008. Essentially, due to the fact that U.S. credit agencies have downgraded U.S. sovereign debt from AAA to AA+, investors have begun to panic and pull their money...

(Geoffrey Lawrence/NPRI) – Pundits and policymakers are easily perplexed by economic recessions and their most visible manifestation, unemployed workers. To these commentators, it is mysterious that labor unemployment remains high across the nation despite massive federal deficit-spending policies, financial bailouts and monetary easing. Here in Nevada, the official unemployment rate has remained...