Economic crisis far from over, WTO chief says

In remarks to the WTO's 153 members, Lamy said that import penalties and other border restrictions are closing off markets and causing more difficulty in a time of depressed demand.

" ...[more]

Crisis spurs people to work for free - good or bad?

Unpaid job seekers can keep their resumes fresh by boosting their experience and learning new skills, experts say, but others warn businesses may take advantage of the jobless and that it is ...[more]

Lawmaker to back Obama student loan shake-up

The troubled Federal Family Education Loan Program, or FFELP, would be discontinued in July 2010 under a bill to be offered by Democratic Representative George Miller, chairman of the educati ...[more]

Bernanke to report on U.S. economy July 21

Bernanke is scheduled to deliver his semi-annual report on monetary policy and the state of the U.S. economy before the panel at 10:00 a.m. EDT (1400 GMT).

The U.S. central bank chair ...[more]

OECD countries seen losing 30 million jobs from 2007-2010

The job losses were mainly a result of the global financial crisis and the subsequent economic downturn that has pushed most developed economies into recession, Angel Gurria, the OECD's secre ...[more]

Schwarzenegger launches TV ad in budget fight

Whether dispirited Californians will respond, however, is uncertain, analysts said.

The Republican governor said in the 60-second spot that he would not sign a budget that plugs a $26 ...[more]

Moody's cuts Calif rating, budget talks press on

Moody's Investors Service in a statement said it cut the state's general obligation debt by two notches to Baa1, or three notches above speculative "junk" status and the rating may suffer fur ...[more]

Schwarzenegger launches TV ad in budget fight

Whether dispirited Californians will respond, however, is uncertain, analysts said.

The Republican governor said in the 60-second spot that he would not sign a budget that plugs a $26 ...[more]

Moody's cuts California rating on budget crisis

Moody's cut California's general obligation debt by two notches, to Baa1, or three notches above speculative, or "junk," status and said its rating remains on a watchlist for a further possib ...[more]

U.S., Europe data dims Goldman, Geithner optimism

After U.S. Treasury Secretary Timothy Geithner said the force of the global recession was receding, U.S. retail sales data muted gains in financial markets.

A jump in auto and gasolin ...[more]

Autos lift U.S. retail sales; inflation perks up

Commerce Department data on Tuesday showed sales at U.S. retailers rose 0.6 percent from a month earlier, ahead of economists' expectations for a 0.4 percent advance.

However, outside ...[more]

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