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With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of people continuing to receive benefits set a record high, the government said Thursday. ...more
March 12, 2009
Investors fled Wall Street again Thursday, driven by worries about the stability of the nation's big banks and General Motors Corp. ...more
March 6, 2009
A declining housing market and mounting home foreclosures could knock a $58 million hole in Hillsborough County's budget next year and cost dozens of county employees their jobs. ...more
February 12, 2009
A recession is a period of reduced economic activity. The current economy more than meets that definition. ...more
January 31, 2009
Investors believing that Wall Street is on the verge of a year-end rally piled into the market Tuesday, brushing off more weak economic data while they scarfed up stocks and propelled the Dow Jones industrials up 300 points to its highest close in four weeks. ...more
November 5, 2008
When the Sunday morning political pundits began talking last year about the tab for the war in Iraq hitting $1 trillion, Rob Simpson sprang from his sofa in indignation. ...more
October 27, 2008
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced Wall Street that a recession, if not already here, is inevitable. The market's despair - fed by a stream of disheartening economic data - propelled the Dow Jones industrials down 733.08 points to 8,577.91 in its second-largest point loss ever. The major indexes all lost at least 7 percent. ...more
October 16, 2008
After the House reversed course and gave final approval to the $700 billion economic bailout package, President Bush quickly signed it into law Friday, authorizing the Treasury to undertake what could become the most expensive government intervention in history. ...more
October 4, 2008
Consumer Prices Surge, Job Market Remains Strained WASHINGTON (AP) - Inflation is running at the fastest pace in 17 years, the job market is under further strain and foreclosure filings are surging. ...more
August 17, 2008
Inflation is running at the fastest pace in 17 years, the job market is under further strain and foreclosure filings are surging. ...more
August 15, 2008
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