The U.S. is officially in a recession, bringing an end to a historic 128 months of economic growth, after the coronavirus pandemic swept the country and shut down the economy. For more than a decade, the American economy seemed to contradict the adage, “What goes up, must come down.” That ended in February, according to … Continue reading It’s official: The U.S. entered a recession in February
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• Chart: U.S. Economy Sees Sharp Downturn Amid COVID-19 Crisis | Statista
After 23 quarters of uninterrupted growth, the U.S. economy contracted for the first time since 2014 in the first three months of 2020. According to the second estimate released by the U.S. Bureau of Economic Analysis on Thursday, real GDP declined by 5.0 percent in Q1 2020, down from a first, preliminary estimate of 4.8 … Continue reading • Chart: U.S. Economy Sees Sharp Downturn Amid COVID-19 Crisis | Statista
Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly
If you tried to warn people in late 2019 that about 40 million Americans would lose their jobs by the middle of 2020, nobody would have believed you. .... Even though I have been loudly warning that this sort of an economic crisis was coming, I never imagined that we would lose so many jobs … Continue reading Nobody Ever Imagined That The Job Losses Would Get This Bad So Quickly
Who’s Counting? Marilyn Waring on Sex, Lies and Global Economics
Who's Counting? Marilyn Waring on Sex, Lies and Global Economics by Terre Nash, National Film Board of CanadaAccording to the current UN rules of economics, which governs the IMF, nations and international money flow, if you are not making or producing lots of money in the 'market', you are not worth anything. All nations must … Continue reading Who’s Counting? Marilyn Waring on Sex, Lies and Global Economics
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