http://www.mail.com/subjects/4442-recessions-depressions.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.29/img/mailcom_logo_rss.png http://www.mail.com/subjects/4442-recessions-depressions.html http://www.mail.com/business/finance/2160104-heres-what-to-watch-wednesday-fed.html WASHINGTON (AP) — What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity. Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows. ... Tue, 18 Jun 2013 20:22:17 GMT http://www.mail.com/business/finance/2160104-heres-what-to-watch-wednesday-fed.html 2013-06-18T20:22:17Z http://www.mail.com/business/economy/2158858-european-car-sales-hit-20-year-low.html MILAN (AP) — European car sales had their worst May in 20 years as the region's recession drags on, the European automakers' association said Tuesday. Passenger car demand for May dropped by 5.9 percent on the same month last year in the 27-country European Union to 1.042 million units, the lowest level for that month since 1993 when sales dropped below 1... Tue, 18 Jun 2013 13:58:22 GMT http://www.mail.com/business/economy/2158858-european-car-sales-hit-20-year-low.html 2013-06-18T13:58:22Z http://www.mail.com/scitech/health/2158604-report-slowdown-health-care-costs-to-continue.html WASHINGTON (AP) — There's good news for most companies that provide health benefits for their employees: America's slowdown in medical costs may be turning into a trend, rather than a mere pause. A report Tuesday from accounting and consulting giant PwC projects lower overall growth in medical costs for next year, even as the economy gains strength and mi... Tue, 18 Jun 2013 09:12:45 GMT http://www.mail.com/scitech/health/2158604-report-slowdown-health-care-costs-to-continue.html 2013-06-18T09:12:45Z http://www.mail.com/business/finance/2156620-world-to-bernanke-to-clarify-stimulus-plans.html WASHINGTON (AP) — Is the era of ultra-low interest rates nearing an end? When he takes questions this week after a Federal Reserve meeting, Chairman Ben Bernanke will confront investors' fears that rates are headed higher. Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-ter... Mon, 17 Jun 2013 21:45:24 GMT http://www.mail.com/business/finance/2156620-world-to-bernanke-to-clarify-stimulus-plans.html 2013-06-17T21:45:24Z http://www.mail.com/business/economy/2156636-joy-croatia-enters-eu.html ZAGREB, Croatia (AP) — There will be festivities and fireworks, but Kata Secic can't muster much enthusiasm for Croatia's historic entry into the European Union. The 53-year-old Croatian textile factory worker has a more immediate worry: The underwear manufacturer she works for went bust and she hasn't received her 300-euro ($400) monthly wage in months. ... Mon, 17 Jun 2013 10:03:04 GMT http://www.mail.com/business/economy/2156636-joy-croatia-enters-eu.html 2013-06-17T10:03:04Z http://www.mail.com/business/finance/2155130-g8-faces-uncertain-recoveries-turbulent-markets.html ENNISKILLEN, Northern Ireland (AP) — Europe is mired in debt and recession. Financial markets have hit violent ups and downs on fears that U.S. stimulus efforts may soon be scaled back. Japan is finally looking up after years of stagnation — but it remains an open question if the recovery will stick. That's the global economy that will confront the heads ... Sun, 16 Jun 2013 12:02:24 GMT http://www.mail.com/business/finance/2155130-g8-faces-uncertain-recoveries-turbulent-markets.html 2013-06-16T12:02:24Z http://www.mail.com/business/finance/2151424-us-urgency-g-8-call-european-growth.html WASHINGTON (AP) — When leaders of the nation's biggest economies gathered at the presidential retreat of Camp David last year, European elections had rattled the continent with a rejection of austerity measures. President Barack Obama was himself seeking re-election. The sense of urgency was palpable as Obama made an emphatic pitch for Europe's powers to focus more on econom... Sat, 15 Jun 2013 02:39:04 GMT http://www.mail.com/business/finance/2151424-us-urgency-g-8-call-european-growth.html 2013-06-15T02:39:04Z http://www.mail.com/business/economy/2152046-us-factory-output-rises-01-percent.html WASHINGTON (AP) — U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy. The Federal Reserve said Friday that factory production rose just 0.1 percent in May from April. Output fell 0.4 percent in April and 0.3 percent in March. Factories produced more autos,... Fri, 14 Jun 2013 14:33:51 GMT http://www.mail.com/business/economy/2152046-us-factory-output-rises-01-percent.html 2013-06-14T14:33:51Z http://www.mail.com/news/politics/2148376-rural-america-posts-first-ever-loss-population.html WASHINGTON (AP) — Living in a rural Nevada town, Moe Royels recalls a more bustling time years ago when retirees poured in to enjoy the warm desert climate, nearby casinos and quiet community. But soon boom turned to bust, and years after the recession ended, Royels still wonders if things will ever fully turn around in small towns like his. Across the U.... Thu, 13 Jun 2013 16:42:23 GMT http://www.mail.com/news/politics/2148376-rural-america-posts-first-ever-loss-population.html 2013-06-13T16:42:23Z http://www.mail.com/business/finance/2147296-us-budget-deficit-widens-139-billion.html WASHINGTON (AP) — The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008. Steady economic growth and higher tax rates have boosted the government's tax revenue. At the same time, government spending has barely increased.... Thu, 13 Jun 2013 01:10:00 GMT http://www.mail.com/business/finance/2147296-us-budget-deficit-widens-139-billion.html 2013-06-13T01:10:00Z http://www.mail.com/business/economy/2146762-us-chief-executives-optimistic-hiring.html WASHINGTON (AP) — Chief executives for the largest U.S. companies are more optimistic about sales over the next six months and plan to add more workers. The Business Roundtable said Wednesday that its April-June quarterly survey found 32 percent of its members expect to expand payrolls in the next six months. That's up from 29 percent in the January-March... Wed, 12 Jun 2013 15:30:35 GMT http://www.mail.com/business/economy/2146762-us-chief-executives-optimistic-hiring.html 2013-06-12T15:30:35Z http://www.mail.com/business/economy/2146270-bp-global-demand-energy-slows.html LONDON (AP) — Global demand for oil, gas, coal and nuclear power grew at a slower pace last year due to weak economic growth, recession and increased efficiency, energy company BP said Wednesday. In an annual review of the world energy market, BP PLC said growth in energy consumption slowed to 1.8 percent from 2.4 percent in 2011. Demand continued to grow... Wed, 12 Jun 2013 15:28:26 GMT http://www.mail.com/business/economy/2146270-bp-global-demand-energy-slows.html 2013-06-12T15:28:26Z http://www.mail.com/business/finance/2143360-turkish-economy-depends-political-stability.html LONDON (AP) — The escalation in the clashes between Turkey's government and protesters could hurt an economy that has become a source of growth and stability in a region hit by recession and unrest. The protests started 12 days ago as a demonstration against plans to bulldoze and redevelop a park in central Istanbul. They weren't very different from the O... Tue, 11 Jun 2013 19:37:43 GMT http://www.mail.com/business/finance/2143360-turkish-economy-depends-political-stability.html 2013-06-11T19:37:43Z http://www.mail.com/business/economy/2144000-americans-quit-jobs-sign-confidence.html WASHINGTON (AP) — More Americans are quitting their jobs, suggesting many are growing more confident in the job market. The Labor Department said Tuesday that the number of people who quit their jobs in April jumped 7.2 percent to 2.25 million. That's just below February's level, which was the highest in 4 ½ years. Overall hiring also picked up in April, ... Tue, 11 Jun 2013 16:23:17 GMT http://www.mail.com/business/economy/2144000-americans-quit-jobs-sign-confidence.html 2013-06-11T16:23:17Z http://www.mail.com/business/economy/2136372-economy-adds-175k-jobs-jobless-climbs-to-76-pct.html WASHINGTON (AP) — More Americans hunted for jobs in May, and more companies filled them — signs of confidence and resilience for the slow-healing U.S. economy. The 175,000 jobs employers added last month were the latest evidence that the economy could be poised for stronger growth in coming months despite tax increases and government spending cuts. The un... Fri, 07 Jun 2013 21:29:43 GMT http://www.mail.com/business/economy/2136372-economy-adds-175k-jobs-jobless-climbs-to-76-pct.html 2013-06-07T21:29:43Z http://www.mail.com/business/economy/2137278-us-consumer-borrowing-up-111-billion-april.html WASHINGTON (AP) — Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month. The Federal Reserve said Friday that consumer borrowing rose $11.1 billion in April from March to a seasonally adjusted $2.82 trillion. That's the 20th straight monthly gain and another record l... Fri, 07 Jun 2013 20:17:54 GMT http://www.mail.com/business/economy/2137278-us-consumer-borrowing-up-111-billion-april.html 2013-06-07T20:17:54Z http://www.mail.com/business/economy/2136068-german-economy-recovering-weak-patch.html BERLIN (AP) — Germany's central bank on Friday lowered its growth forecast for this year but said a recovery had already started, as evidenced by a rise in export and industry figures in Europe's largest economy. The lingering recession in the 17-nation eurozone and the unusually cold weather in Germany dragged down growth over the first few months of the... Fri, 07 Jun 2013 11:14:28 GMT http://www.mail.com/business/economy/2136068-german-economy-recovering-weak-patch.html 2013-06-07T11:14:28Z http://www.mail.com/business/economy/2134300-us-regains-wealth-recession-equally.html WASHINGTON (AP) — America as a whole has regained all the household wealth it lost to the Great Recession and then some, thanks to higher stock and home prices. The average household still has a long way to go. U.S. household wealth jumped $3 trillion to $70 trillion in the January-March quarter this year, the Federal Reserve said Thursday. That topped th... Thu, 06 Jun 2013 20:21:39 GMT http://www.mail.com/business/economy/2134300-us-regains-wealth-recession-equally.html 2013-06-06T20:21:39Z http://www.mail.com/business/economy/2132304-imf-admits-notable-failures-greek-bailout.html WASHINGTON (AP) — The International Monetary Fund acknowledged on Wednesday that it made "notable failures" in the Greek bailout, underestimating how much the austerity measures it pushed would pinch the country's already faltering economy. The IMF made the unusually frank admission in an evaluation of how it handled Greece's debt crisis, which triggered ... Wed, 05 Jun 2013 22:22:37 GMT http://www.mail.com/business/economy/2132304-imf-admits-notable-failures-greek-bailout.html 2013-06-05T22:22:37Z http://www.mail.com/news/world/2130616-latvia-go-ahead-to-18th-euro-member.html FRANKFURT, Germany (AP) — The tiny Baltic state of Latvia has won approval to become the 18th member of the troubled euro currency union — despite doubts among many of its people and international concerns about its banking system. European Union officials said Latvia's willingness to join next year is a vote of confidence for the shared currency. At the ... Wed, 05 Jun 2013 14:03:17 GMT http://www.mail.com/news/world/2130616-latvia-go-ahead-to-18th-euro-member.html 2013-06-05T14:03:17Z http://www.mail.com/business/economy/2130654-eurozone-recovery-proves-elusive.html LONDON (AP) — Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, wit... Wed, 05 Jun 2013 11:26:00 GMT http://www.mail.com/business/economy/2130654-eurozone-recovery-proves-elusive.html 2013-06-05T11:26:00Z http://www.mail.com/business/finance/2128182-merkel-challenger-criticizes-austerity-policies.html BERLIN (AP) — Chancellor Angela Merkel's challenger in the upcoming election said Tuesday that her government's insistence on budget austerity across Europe is creating economic stagnation and called for a new Marshall Plan to revive the continent. In his first major foreign policy speech ahead of the September election, Peer Steinbrueck criticized Merkel... Tue, 04 Jun 2013 13:09:29 GMT http://www.mail.com/business/finance/2128182-merkel-challenger-criticizes-austerity-policies.html 2013-06-04T13:09:29Z http://www.mail.com/business/economy/2125550-germany-to-help-spain-with-credit-growth-jobs.html BERLIN (AP) — Germany is setting up a loan program for struggling small and medium-sized firms in Spain to boost growth and jobs in the crisis-hit southern European economy, according to a document obtained Monday. Germany's state-owned KfW bank will provide about 1 billion euros ($1.3 billion) at low interest rates to its Spanish counterpart, the ICO, wh... Mon, 03 Jun 2013 17:10:19 GMT http://www.mail.com/business/economy/2125550-germany-to-help-spain-with-credit-growth-jobs.html 2013-06-03T17:10:19Z http://www.mail.com/business/economy/2125938-us-manufacturing-gauge-sinks-to-june-2009-level.html WASHINGTON (AP) — A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and weak business spending reduced new orders and production. The Institute for Supply Management said Monday that its index of manufacturing activity fell to 49 last month from 50.7 in April. That's the lowest level in nearly f... Mon, 03 Jun 2013 16:47:25 GMT http://www.mail.com/business/economy/2125938-us-manufacturing-gauge-sinks-to-june-2009-level.html 2013-06-03T16:47:25Z http://www.mail.com/business/finance/2125974-imf-urges-germany-to-spending-amid-low-growth.html BERLIN (AP) — The International Monetary Fund on Monday halved its growth forecast for Germany as the eurozone recession takes its toll on the bloc's largest economy. In its regular assessment of the country, the Washington-based IMF also called for a more proactive immigration policy to increase the labor force and warned Berlin that overzealously slashi... Mon, 03 Jun 2013 16:25:50 GMT http://www.mail.com/business/finance/2125974-imf-urges-germany-to-spending-amid-low-growth.html 2013-06-03T16:25:50Z http://www.mail.com/business/finance/2125904-us-construction-spending-up-04-percent-april.html WASHINGTON (AP) — Spending on U.S. construction projects rose in April despite weakness in residential projects and government spending. Construction spending rose 0.4 percent in April, compared with March, when spending fell a revised 0.8 percent, the Commerce Department reported Monday. Construction activity has been volatile in recent months, falling b... Mon, 03 Jun 2013 14:19:52 GMT http://www.mail.com/business/finance/2125904-us-construction-spending-up-04-percent-april.html 2013-06-03T14:19:52Z http://www.mail.com/business/economy/2120560-oil-falls-92-high-supplies-opec-output.html The price of oil fell 2 percent to its lowest level in a month after OPEC stuck to its current production target despite ample supplies of crude. U.S. crude oil futures fell $1.64 to close at $91.97 Friday in New York. Brent crude, a benchmark for pricing oil used by many U.S. refineries to make gasoline, fell $1.80 to close at $100.39 in London. ... Fri, 31 May 2013 21:07:29 GMT http://www.mail.com/business/economy/2120560-oil-falls-92-high-supplies-opec-output.html 2013-05-31T21:07:29Z http://www.mail.com/business/economy/2120794-eurozone-unemployment-heading-20.html LONDON (AP) — The unemployment rate across the 17 European countries that use the euro hit a record 12.2 percent in April, and the number of unemployed is on track to reach 20 million by year's end. The worsening jobs crisis points to the recession that has gripped the euro alliance. Many countries are struggling to stimulate growth while grappling with a... Fri, 31 May 2013 15:37:33 GMT http://www.mail.com/business/economy/2120794-eurozone-unemployment-heading-20.html 2013-05-31T15:37:33Z http://www.mail.com/business/economy/2119498-average-us-household-regaining-wealth.html WASHINGTON (AP) — The average U.S. household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded Thursday. The typical household has regained less than half its wealth, the analysis found. A separate Federal Reserve report in March calculated that Americans as a whole had r... Thu, 30 May 2013 22:22:31 GMT http://www.mail.com/business/economy/2119498-average-us-household-regaining-wealth.html 2013-05-30T22:22:31Z http://www.mail.com/sports/other/2118690-3-bid-cities-pitches-2020-olympics.html ST. PETERSBURG, Russia (AP) — Less than four months before the IOC vote, the three cities vying for the 2020 Olympics took their campaign to a key international audience on Thursday — with each claiming to be the safest and most financially secure choice at a time of global uncertainty. Officials from Istanbul, Madrid and Tokyo made presentations to the S... Thu, 30 May 2013 15:03:09 GMT http://www.mail.com/sports/other/2118690-3-bid-cities-pitches-2020-olympics.html 2013-05-30T15:03:09Z