The director of Budget Bureau from White House, Peter Orszag, said that U.S. economy is not in “free fall”, but not out of danger zone, Mediafax informs.
“Free fall of the economy seems to have stopped”, Orszag Peter said to CNN television. The U.S. economy, biggest of the world, went into recession at the end [...]
The economic crisis is requiring governments around the world to cut budgets. First affected by the social adjustment costs from Lithuania were mothers. In Estonia, the President wants to give an example and reduced his own salary. In Hungary, the victims of adjustment are primarily pensioners.
The cutting of social cost brought hundreds of mothers to [...]
The EU economy has reached its lowest point, and recovery could begin next year, according to the Finance Ministers of the Member States, who met in Brussels. The ministers agreed that it is necessary to return to fiscal discipline once the economy starts to grow again.
Finance ministers of the euro area were agreed with [...]
In April, unemployment in the United States reached the highest level in the last 25 years, and the labor market is expected to get even worse, according to analysts surveyed by Bloomberg.
Unemployment rate climbed in April to 8.9% from 8.5% in March, and employers have fired at least 600,000 workers for the fifth consecutive months, [...]
Unemployment has reache 8.1% in the U.S. in February. This is the highest rate of unemployment reached in the U.S. in the last 25 years.
Americans Employers have made 651,000 people in February, inducing an advance rate of unemployment to maximum of the last 25 years, in the context in which firms face with difficulties because [...]
“Economic recession will continue until 2010 and most big risk to U.S. economy is the lack of political desire to save the financial system”, said the head of the Federal Reserve Ben Bernanke, in a television interview for CBS, Mediafax writes.
“This economic decline will be moderated and will begin to see a setback. We will [...]
It’s easy to forget just how important public financing is to stabilizing an economy. Public finances are necessary, as contributing to the achievement of tasks and functions of the state, which could not be realized without financial leverage. Methods, by which public finances fulfill this role, flow from their functions:
• Distribution function
• Control Function
The distribution function [...]
