Frugal, thrifty make comeback News-Leader.com, MO - "With the economy the way it is today, price is what matters," Banks said as she entered the Target store just after 6 am Friday. Frugality is making a ...
Do We Overrate Basic Research? New York Times, United States - That analysis, conducted over the last six years, is the basis of his 508-page book, which adds to the emerging field of ?innovation economics. ...
Bush Aides Rush to Enact a Safety Rule Obama Opposes New York Times, United States - With the economy tumbling and American troops fighting in Iraq and Afghanistan, President Bush has promised to cooperate with Mr. Obama to make the ...
Economy needs ethical bailout The Birmingham News - al.com, AL - No cost-crap analysis. You can learn how to buy somebody's tax lien, or make millions on foreclosed properties with no downpayment. ... AssociatedPressShopping frenzyBlack Hills Pioneer all 1,995 news articles »
Even electronics are feeling pinch from economic woes Dallas Morning News, TX - Nov 29, 2008 And many people who buy a set will buy a lesser model than they had originally planned, said Ross Rubin, director of industry analysis at NPD. ...
Why Barriers Don?t Matter Newsweek - In making their case, Krugman and others refer back to a hallowed economic dictum, the law of diminishing returns. Give a poor man $100, the law says, ...
Source: Google News
Tempus analysis: Economy makes grim reading for Gordon
Grainne Gilmore
The stagnation of the British economy between April and June will come as a
hammer blow to the Government. No longer can Gordon Brown boast of economic
growth in every quarter since Labour came to power. In fact, the zero per
cent growth is the weakest performance of the economy since the tail end of
the last recession in 1992.
Ministers taking comfort in the fact that today's figure was not negative
should think again. The signs coming from the services, manufacturing and
construction sectors, the machinery that runs the economy, were grim in
July, suggesting the worst is yet to come. It looks like we have started the
slow slide into recession, rather than avoiding one.
Manufacturing and construction were particularly weak in the second quarter,
contracting by 0.8 per cent and 1.1 per cent respectively, and the service
sector grew by just 0.2 per cent.
This does not bode well for employment. As firms become more circumspect about
demand, they will inevitably look at trimming costs where they can.
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Britain's economy grinds to a halt
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But the economic gloom may have a silver lining for homeowners. As long as
inflation falls sharply after spiking at 5 per cent, in line with the Bank
of England's predictions, the Bank will have room to cut interest rates in a
bid to boost the flagging economy. If, however, inflation continues to rise,
the pain for consumers and homeowners will only intensify as prices rise and
the economy shrinks.
