The economy shrank more than expected in the third quarter and home prices fell to levels not seen since early 2004 as the government announced new plans to provide $800 billion to boost consumer spending and home buying. ...more

November 25, 2008

The U.S. economy's health has completely deteriorated. Our market activity and that of our major global trade partners has slowed significantly, leading to a decrease in U.S. exports and consumer expenditures. America endured negative growth in GDP down to -.03 percent in the third quarter. The unemployment rate grew at an alarmingly rapid rate in the last quarter. When the fourth quarter statistics emerge, the U.S. economy will likely be in a full blown recession. ...more

November 25, 2008

Now the big three tells us they need an infusion of cash to the tune of about $25 billion. ...more

November 22, 2008

The holiday shopping purists among us don't even want to talk about the retail season ahead until the day after Thanksgiving. But with the economy looking bleaker by the day and stock indexes slumping from bad news on sales, all eyes are on holiday projections and that nebulous thing called "consumer confidence." ...more

November 17, 2008

NEW YORK (AP) — A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrials fell 400 points, and all the major indexes dropped more than 4 percent. ...more

November 12, 2008

Circuit City Stores Inc. said Monday that it is closing 20 percent of its U.S. stores, but the Tampa Bay area was spared in the latest cutbacks by the struggling electronics retailer. ...more

November 4, 2008

Circuit City Stores Inc. said Monday it is pulling the plug on about 20 percent of its U.S. stores in an effort to return the nation's No. 2 consumer electronics retailer to profitabilit ...more

November 3, 2008

Just a day after the Federal Reserve dropped its key short-term interest rate to 1 percent - matching the generational low reached in 2003-04 - the betting is intensifying on another cut. ...more

November 2, 2008

Economy Jolts Into Decline; Bad Recession Seen WASHINGTON (AP) - The government reported Thursday that the economy shrank in the summer, sending the strongest signal yet that a recession may have already begun. ...more

November 2, 2008

Government spending is growing at an astounding pace. Congress and the president have thrown hundreds of billions into stimulus packages, domestic programs, military spending and other initiatives. Total federal spending is growing at a 13.8 percent annual rate. ...more

November 1, 2008