Staff / TruthdigJan 8, 2010
The total price tag for each American for the financial bailout is about $10,000. Could be worse: Brits are paying more than $47,000 apiece. The unemployed bear the brunt of the meltdown, but we all carry a debt for saving Citi, AIG and the rest. Dig deeper ( 1 Min. Read )
Staff / TruthdigNov 25, 2009
Whoops! The bad news in this bulletin is that the U.S. economy didn't grow at quite the rate -- 3.5 percent -- from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time. Dig deeper ( 1 Min. Read )
Staff / TruthdigOct 22, 2009
As the U.S. struggles to recover its footing due to the economic crisis, China is expecting yet another stellar year as it reports that the country's economy is on track to reach its target of 8 percent GDP growth this year. Dig deeper ( 1 Min. Read )
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Staff / TruthdigFeb 27, 2009
Either the U.S. economy was in the pool during the last three months of 2008 or the economic crisis is worse than expected. The nation's GDP shrank 6.25 percent in the fourth quarter of last year, almost doubling the preceding quarter's contraction rate of 3.8 percent. Dig deeper ( 1 Min. Read )
Staff / TruthdigFeb 21, 2009
Despite the fact that he's looking at a trillion-plus deficit for 2009 as he settles into his second month as president, Barack Obama has plans to cut the annual deficit by half by the time his first term ends. Dig deeper ( 1 Min. Read )
Staff / TruthdigJan 15, 2009
After reconfiguring its output figures, China has finally found itself on the medal podium for gross domestic product, ousting Germany from its role as third largest economy in the world. China's economy has grown tenfold in the past 30 years, and its development, while marveled at, worries many environmental, human rights and labor activists. Dig deeper ( 1 Min. Read )
Staff / TruthdigAug 1, 2008
Despite the massive federal stimulus package, national GDP only grew 1.9 percent from April to June, the Commerce Department has announced, and it actually shrank in the last quarter of 2007. Meanwhile, high gas prices, supposedly reflecting costs, spiked profits of oil companies, with Exxon recording its most profitable quarter ever. In fact, reports the NYT, "It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute." Dig deeper ( 1 Min. Read )
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